MemoryBank Mobile Banking

Opened account and they promptly dropped the interest paid. Also introduced new $15 monthly fee if your balance drops below $1,000 at any time. After first month there got hit with a $3.00 fee for a paper statement I didn’t ask for and wouldn’t expect from an online account. If I want to get nickeled and dimes to death, I might as well open an account with a big name bank that at least has branches all over. Closing out account right now. Avoid...

Memory Bank pays good interest rates, and provides good access to live customer service. Online and mobile access is a little sketchy, and doesn’t seem to work smoothly from time to time. Fees for ancillaries like checks or overdraft charges are high. On balance, it’s a good value proposition because of the interest rates. If and when they decline to much, I’ll move my banking to a better functioning organization.

I like the great functionality of this app. One thing I wish you could do is transfer money between MyMemoryBank and your external accounts. Either that or setup their checking account to have unlimited worldwide atm refunds.