Principal Bank Bank Reviews & Ratings
Ouch! Big time rate drop not worth
the trouble. Other banks certainly
have better service.
the trouble. Other banks certainly
have better service.
These guys are banking in the 18th century. Avoid at all costs!
Principal actually does have an ACH facility which they call “Money Movement”.
However, they charge a fee of between $3 and $10 for outgoing ACH transfers.
See this page for more information:
http://www.principal.com/bank/simple/faqs.htm#to
I was ready to drop $100K down into a savings account with this bank, but they do not offer ACH transfer, only credit card or check or wire transfer. Not worth the hassle.
minimum deposit is 5,000 not 1,000