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Bank Review

Principal Bank Bank Reviews & Ratings

Posted On: 3/31/2008
Ouch! Big time rate drop not worth
the trouble. Other banks certainly
have better service.

Posted On: 2/16/2008
These guys are banking in the 18th century. Avoid at all costs!

Posted On: 1/24/2008
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

Posted On: 1/12/2008
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.

Posted On: 11/11/2007
minimum deposit is 5,000 not 1,000 :(