dollar savings bank

Dollar Savings Direct act as a mutual savings bank offers high interest savings bank. Download this stock image: Dollar Savings Bank, Parkchester Branch, Bronx, New York. - WARD1W from Alamy's library of millions of high resolution stock. CAPTION: Dollar Savings Bank, Fourth Avenue. NOTES: Gift of Richard L. Linder. Closeup: Right Lion. PHOTOGRAPHER: DATE: HEADING: Pittsburgh. Banks.

Dollar savings bank -

Keep the Change® Savings Program

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

Round up each purchase to the nearest dollar and turn spare change into savingRound up each purchase to the nearest dollar and
turn spare change into savingRound up each purchase to the nearest dollar and turn spare change into saving

How it works

Keep the Change® is an easy way to make everyday purchases part of your savings planKeep the Change® is an easy way to make everyday purchases
part of your savings planKeep the Change® is an easy way to make everyday purchases part of your savings plan

1ENROLL

First, enroll the Bank of America debit cardFootnote 1 you use for daily purchases.

Pro-tip, use this card for online and recurring payments to collect the most change.

2SHOP

Next, use your card for everyday purchases such as at drug stores, the drive-thru or for an impulsive, must-have online buy. In other words, spend like you normally would.

3SAVE

Finally, we'll round up your purchase to the nearest dollar amount and transfer the change from your checking account to your savings account — or to a child's savings account.

Watch the savings add up

Select typical weekly purchases to calculate your savings

show more  
TOTAL SPARE CHANGE = $0.00/WEEK
That could add up to $00.00/YEAR
The round-ups from your debit card purchases are accumulated and transferred daily from your checking
account to your savings account.
The round-ups from your debit card purchases are accumulated and transferred daily from your checking account to your savings account.

All you need to get started

A checking account with debit card

and

A savings account

Need to open an account? Find the checking
or savings account that's right for you

Источник: https://www.bankofamerica.com/deposits/keep-the-change/

'Plain robbery': Lebanese fume as dollar savings hit by financial crisis

BEIRUT (Reuters) - Ziad Abdallah has watched with growing alarm as Lebanon’s financial meltdown has threatened the savings he spent 25 years building up in his dollar account.

First his Lebanese bank reduced dollar withdrawals, then it stopped them entirely. Now the central bank has issued rules saying any withdrawals must be in the collapsing Lebanese pound at a rate likely to mean he will face a loss.

“This is appropriation of wealth,” said the shop owner who returned to Lebanon from abroad after the 1975-90 civil war, joining a call to rebuild a nation that had long prided itself on offering banking stability even in the most turbulent times.

This cornerstone of Lebanon’s economy has now been shaken to its core, as long-brewing economic troubles and the country’s mounting national debt spilled over into a full-blown banking crisis even before the coronavirus outbreak added a fresh blow.

Lebanon’s fixed exchange rate has been a major casualty. The Lebanese pound has been pegged at 1,500 to the dollar since 1997, a guarantee that meant pounds and dollars were both widely used. It gave Lebanon’s diaspora the confidence to repatriate capital, building deposits that helped finance the state.

The official peg remains for some essential goods, but the currency has plunged to about 3,500 on the unofficial market.

From this month, banks began allowing small depositors to cash out dollar savings, but at a rate of 2,600 pounds.

New central bank rules, effective for six months, will allow withdrawals from all U.S. dollar accounts in pounds at a “market rate” still to be determined. The rules will allow up to $5,000 to be withdrawn each month, but banks can set lower ceilings.

The central bank said the policy aimed to help citizens and “ensure their purchasing power and a decent living”.

But Abdallah, like others, fears the new exchange rate for withdrawals will simply make them poorer.

“Whatever the rate is, it’s a loss, that’s how we feel,” he said. “In any bank in the world, if you put your money, they must give it to you (in the same currency) as it was deposited.”

Lebanon, with one of the world’s highest levels of national borrowing, at more than 170% of economic output, defaulted on its foreign currency debt last month for the first time.

A government document showed the scale of the financial crisis, projecting banking sector losses of $83 billion -- roughly 50% bigger than Lebanon’s gross domestic product.

DISMANTLING THE PEG

Prime Minister Hassan Diab said last week that depositors’ money “evaporated” in the months before the formation of his government in January, after months of protests against the political elite and to demand an end to corruption.

Diab said nobody would lose their deposits but said access would depend on a restructuring plan.

The International Monetary Fund says Lebanon needs a plan to rebuild confidence and tackle the root causes of the crisis.

Bankers say the central bank governor, Riad Salameh, has been limiting dollar withdrawals as part of a gradual process to dismantle the currency peg.

“He’s moving in the direction of really moving deposits from dollars to Lebanese pounds to minimise his foreign losses,” one senior banker said.

Former Finance Ministry adviser Toufic Gaspard said the measures were “helping the indebtedness of the central bank and the banks in dollars at the expense of the depositor.”

“This is plain robbery and it is anti-constitutional,” he said.

The pound has already halved in value in the open market, and continues to slide. In exchange houses, which would once freely convert at rates close to 1,500, the pound had slipped to 3450/3750 on Thursday.

Many banks that were closed for weeks during protests and then drew down the shutters again during the coronavirus outbreak have become a focus for public anger.

Withdrawals have at times been limited to as little as $100 a month as dollar liquidity dried up.

Depositors queuing outside several banks on Wednesday said they had little choice but to take out what they could at whatever rate was being offered.

“I’m losing. But I need the money,” said Mohamed Ezz Eldin, 18, after withdrawing his modest savings at the 2,600 rate. “There’s nothing we can do.”

Источник: https://www.reuters.com/article/us-lebanon-crisis-pound/plain-robbery-lebanese-fume-as-dollar-savings-hit-by-financial-crisis-idUSKCN2252NX

US dollar savings account

Features

Competitive interest rates earn you more

$0 - $15,000,000.00
0.200% 
$15,000,000.01 & over0.200% 

Effective date: 29-November-21
Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account.

Monthly fees$0.00
Transaction fee (withdrawals only)$5.00 USD

*Excluding non-EXCHANGE ATM Withdrawals. See the complete listing  of related service charges including payment and other sundry services.

CDIC logo

Your deposits may be insurable by the Canada Deposit Insurance Corporation

Источник: https://www.cwbank.com/en/personal/accounts/us-dollar/us-dollar-savings-account

by Professor Lloyd Ultan

Banks are needed to provide the financing for business expansion and to give homeowners mortgages. In the late nineteenth and early twentieth centuries, some had their headquarters in the borough.

The first attempt to begin a bank in The Bronx was in 1860 in Morrisania, but this pioneer effort did not last long. The first Bronx-based bank to flourish was established in 1888 as the Twenty-third Ward Bank at 145th Street at the junction of Third and Courtlandt avenues. The bank grew with the borough. Within a few years, it moved to 133rd Street and Southern Boulevard near the heavily used New Haven Railroad station. In 1900, it moved to a new and larger building at 135th Street and Third Avenue. By 1907, two branches opened, one at Boston Road and 164th Street and the other on Third Avenue near 148th Street. In the booming business climate of the 1920s, the Twenty-third Ward Bank was converted into the Bronx County Trust Company.

BCHS - Dollar Sav-GC-1_NEW - lower res

Dollar Savings Bank on the Grand Concourse. Collections of  The Bronx County Historical Society, c. 1960s.

The influx of new homeowners to The Bronx prompted several Bronx businessmen to establish the first savings bank in the borough, the Dollar Savings Bank, in 1900. The new institution grew rapidly. It had to move from Third Avenue and 146th Street to larger quarters at Third near 149th Street in 1915, and again to the corner of 147th Street and Willis and Third avenues in 1919. Even that building was enlarged in 1926 before a branch was opened on the Grand Concourse north of Fordham Road in 1932.

In 1902, the Bronx Borough Bank opened at Tremont near Clinton avenues, later moving to Tremont and Park avenues. In 1924, it moved to Tremont and Washington avenues. In 1907, it established a branch at White Plains Road near 217th Street.

Other banks followed. The North Side Savings Bank organized in 1905 at Third Avenue near 153rd Street. The Bronx Savings Bank opened at Tremont near Crotona avenues in 1906, but moved to Tremont and Park avenues in 1911. Also in 1906, the Cosmopolitan Bank began at Prospect and Westchester avenues, establishing two branches in the 1920s, one at Southern Boulevard near Freeman Street and the other at Fordham near Kingsbridge roads. In 1907, the Bronx National Bank appeared at Bergen Avenue and 149th Street and, in 1911, moved to 149th Street near Third.

These banks either failed in the 1930s Depression or were later merged into larger metropolitan banks. No Bronx-based bank now remains.

FOR MORE INFORMATION:
The Dollar Savings Bank building still stands on the Grand Concourse and is an individual New York City Landmark.  Read the New York Landmark Preservation Commission Designation Report at the database maintained by The Neighborhood Preservation Center – neighborhoodpreservationcenter.org/db/bb_files/Dollar-Savings-Bank-Building.pdf

 

Share This Story, Choose Your Platform!

Источник: http://bronxhistoricalsociety.org/2016/01/bronx-based-banks/

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.
1964 OK 113
396 P.2d 1013
Case Number: 40415
Decided: 05/19/1964
Supreme Court of Oklahoma

THOMAS A. BAMBERGER, PLAINTIFF IN ERROR,
v.
DOLLAR SAVINGS BANK OF THE CITY OF NEW YORK, DEFENDANT IN ERROR.

Syllabus

¶0  1. Where a demurrer is filed which challenges the sufficiency of an answer to constitute a defense, the answer must be liberally construed and all its allegations for the purpose of the demurrer must be taken as true.
2. By virtue of Title 42 O.S.1961, § 5, an action to foreclose a mortgage is an action to enforce a lien as contemplated by Title 42 O.S.1961, § 176, and the party for whom judgment is rendered is entitled to recover a reasonable attorney's fee to be taxed as costs even though no provision is made for such attorney's fee by contract.
3. Where a cross petition alleges sufficient facts to constitute a cause of action and such action arises out of the same transaction or occurrence which formed the basis for the original cause of action, it is error for the trial court to strike from the cross petition the cause of action therein alleged.

Appeal from the District Court of Cleveland County; Elvin J. Brown, Judge.
Dollar Savings Bank of the City of New York, defendant in error, brought an action against Thomas J. Bamberger and others to recover on a promissory note and to foreclose a mortgage. Thomas J. Bamberger appeals from a default judgment rendered in favor of defendant in error after the trial court sustained the motions of defendant in error to make more definite and certain, motion to strike, and demurrer and Thomas J. Bamberger elected to stand on his pleading. Reversed with directions.

Jack Gray, Oklahoma City, for plaintiff in error.
R.B. Holtzendorff, Oklahoma City, Ross, Holtzendorff & Hurd, Oklahoma City, of counsel, for defendant in error.

IRWIN, Justice.

¶1 Dollar Savings Bank of the City of New York, referred to as Bank, commenced proceedings against Thomas J. Bamberger and others to recover judgment on a promissory note and for the foreclosure of a real estate mortgage. Bamberger filed a verified answer denying Bank's right to recover and by way of a cross petition sought damages resulting from the foreclosure action and a reasonable attorney's fee. Bank filed a motion to make more definite and certain, a motion to strike and a demurrer to the answer of Bamberger.

¶2 The trial court sustained Bank's motions and its demurrer and Bamberger elected to stand on his pleadings. Thereafter, the trial court found Bamberger failed to file an amended answer and cross petition and was in default. The trial court then proceeded to hear evidence submitted by Bank and rendered judgment in its favor. Bamberger lodged the present appeal.

PROPOSITION I

¶3 Bamberger contends the trial court erred in sustaining Bank's demurrer to his answer and rendering a default judgment against him on his failure to further plead.

¶4 In considering this issue we find that the basis for Bank's action, which was filed on March 7, 1962, was that the payments on the note and mortgage had been in constant default since October 1, 1961, and under the terms and conditions of the note and mortgage it was entitled to foreclose the mortgage. Bamberger in his answer denied each, every and all material allegations of Bank's petition and demanded strict proof of the same. In addition, Bamberger alleged that he had purchased the property from the other defendants in July, 1961; that all the mortgage payments were then current through July, 1961; that he paid and the Bank accepted the mortgage payments for August, September and October, 1961, and that he has tendered the monthly payments to Bank each and every month since November 1, 1961, and Bank refused to accept them; and that he is holding the payments and offers to pay the same in court.

¶5 In Shaw v. Grumbine, 137 Okl. 95, 278 P. 311, we held:

"On demurrer to an answer as defective, in that it does not state facts sufficient to constitute a defense, the pleadings must be liberally construed, and all its allegations for the purposes of the demurrer taken as true."

¶6 See also Allison v. Caruthers, 205 Okl. 582, 239 P.2d 759.

¶7 When the Bank interposed its demurrer to the answer of Bamberger on the grounds that the allegations and statements contained in the answer were insufficient to constitute a defense, it, in effect, admitted that all the monthly mortgage payments had been paid and accepted by it through October 1, 1961. It also, in effect, admitted that for each and every month after that time, Bamberger had tendered the monthly mortgage payments and that it refused to accept them. Since Bank's foreclosure action is predicated solely on the allegations that the payments on the note and mortgage had been in constant default since October 1, 1961, and by interposing its demurrer it, in effect, admitted that the October 1, 1961 payment had been paid and accepted by it, and that Bamberger had tendered all subsequent payments but it refused to accept them, the trial court erred in sustaining Bank's demurrer to Bamberger's answer and in rendering a default judgment in favor of Bank after Bamberger elected to stand on his pleadings.

PROPOSITION II

¶8 Bamberger alleged in his answer that he was entitled to an award for attorney's fee for defending the action, and that the same should be in the sum of $968.42. This is the same amount of attorney's fee Bank prayed for and was awarded in the journal entry of judgment.

¶9 The trial court sustained Bank's motion to strike this allegation and Bamberger contends the trial court erred in sustaining such motion.

¶10 Title 42 O.S. 1961 § 176 , provides:

"In an action brought to enforce any lien the party for whom judgment is rendered shall be entitled to recover a reasonable attorney's fee, to be fixed by the court, which shall be taxed as costs in the action."

¶11 In Ohio Nat. Life Ins. Co. v. Dobbs, 40 Okl. 147, 282 P. 306; and Federal Land Bank of Wichita, Kansas v. Denson, 172 Okl. 225, 44 P.2d 891, we held that by virtue of Title 42 O.S. 1961 § 5 , which provides that "Contracts of mortgage and pledge, are subject to all the provisions of this chapter," an action to foreclose a mortgage is an action to enforce a lien as contemplated by Sec. 176, supra, and the party for whom judgment is rendered is entitled to recover a reasonable attorney's fee to be taxed as costs even though no provision is made for such attorney's fee by contract.

¶12 If Bamberger had prevailed in the instant action and recovered judgment he would have been entitled to a reasonable attorney's fee to be fixed by the court. Therefore, the trial court erred in striking from Bamberger's pleadings the allegations concerning his right to a reasonable attorney's fee.

PROPOSITION III

¶13 Bamberger alleged in his cross petition action for the recovery of actual and exemplary damages resulting from and by virtue of the filing of the foreclosure action. The trial court sustained Bank's motion to strike these pleadings and Bamberger contends the trial court erred in sustaining such motion to strike.

¶14 Bank's theory seems to be that Bamberger's allegations with reference to damages were redundant and irrevalent matters and were so indefinite and uncertain that the precise nature of the charges were uncertain.

¶15 Although Bamberger's allegations with reference to actual and exemplary damages may not constitute model pleadings, such allegations do constitute causes of actions against Bank. Such pleadings were not irrevalent and redundant and the alleged causes arose out of the same transaction or occurrence which formed the basis for the original cause and the same constituted justiciable causes which could be joined with the original cause filed by Bank.

¶16 In Soper v. Enid Hotel Company, Okl., 383 P.2d 7, we held that where a petition contains allegations of ultimate facts which are pertinent and germane to a cause of action, it is error for the trial court to strike such allegations from the petition. See also Turk v. Page, 68 Okl. 275, 174 P. 1081.

¶17 We can only conclude that the trial court erred in striking Bamberger's allegations with reference to actual and exemplary damages.

¶18 The cause is reversed and remanded with directions to the trial court to vacate the default judgment rendered, vacate the order sustaining the demurrer and motion to strike that portion of Bamberger's pleadings concerning a reasonable attorney's fee, actual and exemplary damages, and take such further action as may be indicated.

¶19 BLACKBIRD, C.J., HALLEY, V.C.J., and DAVISON, JOHNSON, WILLIAMS, JACKSON and BERRY, JJ., concur.

Источник: https://law.justia.com/cases/oklahoma/supreme-court/1964/36655.html

Dollar savings bank -

Dollar Savings Bank facts for kids

This page is about a closed bank based in New York. For similarly named company, see Dollar Bank.

Dollar Savings Bank Headquarters

U.S. National Register of Historic Places

Dollar Savings Bank E147 3d Av Bx jeh.jpg

Intersection of 3rd Ave and E 147th St

Location2792 3rd Ave, the Bronx
ArchitectRenwick, Aspinwall & Tucker
Architectural styleClassical Revival
NRHP reference No.11000228

Quick facts for kids

Significant dates
Added to NRHPApril 27, 2011

Dollar Savings Bank of New York was a bank that operated in New York City between 1890 and 2004.

History

Dollar Savings Bank of New York was formed on June 23, 1890.

In February 1983, after it was on the verge of bank failure, the Federal Deposit Insurance Corporation and the New York State Banking Department arranged for a merger of the bank with Dry Dock Savings Bank to form Dollar Dry Dock Savings Bank.

On February 21, 1992, the bank and its 21 branches were seized by the New York State Banking Department with the Federal Deposit Insurance Corporation named as receiver. Emigrant Savings Bank bought 20 of the branches and the Flushing branch was purchased by Apple Bank for Savings.

In 2011, the headquarters building in the Bronx was listed on the National Register of Historic Places.

Источник: https://kids.kiddle.co/Dollar_Savings_Bank

'Plain robbery': Lebanese fume as dollar savings hit by financial crisis

BEIRUT (Reuters) - Ziad Abdallah has watched with growing alarm as Lebanon’s financial meltdown has threatened the savings he spent 25 years building up in his dollar account.

First his Lebanese bank reduced dollar withdrawals, then it stopped them entirely. Now the central bank has issued rules saying any withdrawals must be in the collapsing Lebanese pound at a rate likely to mean he will face a loss.

“This is appropriation of wealth,” said the shop owner who returned to Lebanon from abroad after the 1975-90 civil war, joining a call to rebuild a nation that had long prided itself on offering banking stability even in the most turbulent times.

This cornerstone of Lebanon’s economy has now been shaken to its core, as long-brewing economic troubles and the country’s mounting national debt spilled over into a full-blown banking crisis even before the coronavirus outbreak added a fresh blow.

Lebanon’s fixed exchange rate has been a major casualty. The Lebanese pound has been pegged at 1,500 to the dollar since 1997, a guarantee that meant pounds and dollars were both widely used. It gave Lebanon’s diaspora the confidence to repatriate capital, building deposits that helped finance the state.

The official peg remains for some essential goods, but the currency has plunged to about 3,500 on the unofficial market.

From this month, banks began allowing small depositors to cash out dollar savings, but at a rate of 2,600 pounds.

New central bank rules, effective for six months, will allow withdrawals from all U.S. dollar accounts in pounds at a “market rate” still to be determined. The rules will allow up to $5,000 to be withdrawn each month, but banks can set lower ceilings.

The central bank said the policy aimed to help citizens and “ensure their purchasing power and a decent living”.

But Abdallah, like others, fears the new exchange rate for withdrawals will simply make them poorer.

“Whatever the rate is, it’s a loss, that’s how we feel,” he said. “In any bank in the world, if you put your money, they must give it to you (in the same currency) as it was deposited.”

Lebanon, with one of the world’s highest levels of national borrowing, at more than 170% of economic output, defaulted on its foreign currency debt last month for the first time.

A government document showed the scale of the financial crisis, projecting banking sector losses of $83 billion -- roughly 50% bigger than Lebanon’s gross domestic product.

DISMANTLING THE PEG

Prime Minister Hassan Diab said last week that depositors’ money “evaporated” in the months before the formation of his government in January, after months of protests against the political elite and to demand an end to corruption.

Diab said nobody would lose their deposits but said access would depend on a restructuring plan.

The International Monetary Fund says Lebanon needs a plan to rebuild confidence and tackle the root causes of the crisis.

Bankers say the central bank governor, Riad Salameh, has been limiting dollar withdrawals as part of a gradual process to dismantle the currency peg.

“He’s moving in the direction of really moving deposits from dollars to Lebanese pounds to minimise his foreign losses,” one senior banker said.

Former Finance Ministry adviser Toufic Gaspard said the measures were “helping the indebtedness of the central bank and the banks in dollars at the expense of the depositor.”

“This is plain robbery and it is anti-constitutional,” he said.

The pound has already halved in value in the open market, and continues to slide. In exchange houses, which would once freely convert at rates close to 1,500, the pound had slipped to 3450/3750 on Thursday.

Many banks that were closed for weeks during protests and then drew down the shutters again during the coronavirus outbreak have become a focus for public anger.

Withdrawals have at times been limited to as little as $100 a month as dollar liquidity dried up.

Depositors queuing outside several banks on Wednesday said they had little choice but to take out what they could at whatever rate was being offered.

“I’m losing. But I need the money,” said Mohamed Ezz Eldin, 18, after withdrawing his modest savings at the 2,600 rate. “There’s nothing we can do.”

Источник: https://www.reuters.com/article/us-lebanon-crisis-pound/plain-robbery-lebanese-fume-as-dollar-savings-hit-by-financial-crisis-idUSKCN2252NX

Keep the Change® Savings Program

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

Round up each purchase to the nearest dollar and turn spare change into savingRound up each purchase to the nearest dollar and
turn spare change into savingRound up each purchase to the nearest dollar and turn spare change into saving

How it works

Keep the Change® is an easy way to make everyday purchases part of your savings planKeep the Change® is an easy way to make everyday purchases
part of your savings planKeep the Change® is an easy way to make everyday purchases part of your savings plan

1ENROLL

First, enroll the Bank of America debit cardFootnote 1 you use for daily purchases.

Pro-tip, use this card for online and recurring payments to collect the most change.

2SHOP

Next, use your card for everyday purchases such as at drug stores, the drive-thru or for an impulsive, must-have online buy. In other words, spend like you normally would.

3SAVE

Finally, we'll round up your purchase to the nearest dollar amount and transfer the change from your checking account to your savings account — or to a child's savings account.

Watch the savings add up

Select typical weekly purchases to calculate your savings

show more  
TOTAL SPARE CHANGE = $0.00/WEEK
That could add up to $00.00/YEAR
The round-ups from your debit card purchases are accumulated and transferred daily from your checking
account to your savings account.
The round-ups from your debit card purchases are accumulated and transferred daily from your checking account to your savings account.

All you need to get started

A checking account with debit card

and

A savings account

Need to open an account? Find the checking
or savings account that's right for you

Источник: https://www.bankofamerica.com/deposits/keep-the-change/

Dollar Savings Direct Review

Who Is Dollar Savings Direct Best For?

Dollar Savings Direct will appeal to customers looking for an online-only bank. It might be a good fit if you:

What Does Dollar Savings Direct Offer?

When you bank at Dollar Savings Direct, your choices are simplified. Dollar Savings Direct offers:

Accounts

  • Savings account
  • Certificate of deposit

Dollar Savings Account

Dollar Savings Direct calls its savings account the Dollar Savings Account—it’s their version of an online high-yield savings account. Advantages of this account include:

  • No monthly fees or service charges
  • No minimum balance requirement
  • A competitive 0.35% annual percentage yield (APY)
  • No fee for excess monthly withdrawals

Banking with Dollar Savings Direct will feel like a no-frills experience. If you’re looking for a modern, technology-driven, bells-and-whistles mobile app experience, you’re not going to like Dollar Savings Direct because it has no app. Even their website looks like something from 10 years ago, without the features you may have gotten used to with other bank websites.

To open a Savings Account with Dollar Savings Direct, you either need to mail in a check, or you can fund the account by linking a checking account held at another bank outside of Dollar Savings Direct.

While you can use a check for the initial deposit, all other deposits to your Dollar Savings Direct account must be by electronic transfer from your linked checking account.

Normally, you're limited to six withdrawals from a savings account. If you go over six, your bank has the right to charge you a fee for each withdrawal. Some banks charge as much as $15, but Dollar Savings Direct, in keeping with its no-fees approach, charges nothing.

Dollar Savings Direct isn’t completely without fees, but they are for situations a typical customer would infrequently find themselves in: There is a $100 legal fee for processing subpoenas and a $30 fee for outgoing domestic wires.

To access and manage your money and your account, you'll sign in to Dollar Savings Direct's online banking portal. Once signed in, you can transfer money electronically between your funding bank and your savings account, update your account details, or set up recurring transfers. The bank uses two-factor authentication and the most up-to-date encryption standards and cybersecurity practices to keep your online account safe.

Also, keep in mind that you won’t get ATM access or a debit card through Dollar Savings Direct. Although this seems like a pain, remember that this isn’t your primary bank; you're simply parking your money. Since you aren’t paying bills or writing checks out of this account, the lack of ATM access or debit card shouldn’t be a deal-breaker.

Because Dollar Savings Direct doesn’t offer a checking account, you have to be OK with banking at more than one financial institution. If you’re looking for a one-stop-shop, Dollar Savings Direct isn’t for you.

Certificate of Deposit

Dollar Savings Direct’s Certificate of Deposit is for current savings account holders only. Advantages include:

  • Minimum deposit of $1,000
  • Interest compounded daily and credited monthly

Certificates of deposit are one of the easiest financial products to shop for because you can easily compare rates and terms. Dollar Savings Direct offers five CDs of varying term lengths.

CD Offerings
TermAPY
6-month0.35%
12-month0.40%
16-month0.40%
24-month0.40%
60-month1.00%

All have a minimum balance requirement of $1,000 and you can’t withdrawal the principal until the maturity date of the CD without paying an early withdrawal penalty. You also can’t add to the principal once you initially fund. You will have to wait until the CD expires or, if you have more than $1,000, you could fund a second CD.

Just like its savings accounts, Dollar Savings Direct’s CDs are FDIC-insured up to the maximum amount: $250,000.

Your accounts are insured up to $250,000 per depositor, so you can be insured up to $250,000 for your individual accounts as well as $250,000 for your joint accounts, for a total of $500,000 in protection.

Other Financial Products From Dollar Savings Direct

In addition to its account options, Dollar Savings Direct also sells and stores gold and other precious metals for its customers. In fact, nearly half of its FAQ page is devoted to its precious metals business.

Customers can purchase gold bullion bars and coins provided by the United States Mint, a bureau of the Department of the Treasury. Coins are only bullion coins, meaning that they aren’t valued by anything other than weight. These aren’t commemorative coins that may have value based on how many were minted, their age, or rarity. Bullion coins are just like gold bars.

You can only purchase precious metals from Dollar Savings Direct with funds from your savings account.

You must also be logged in to see current pricing. Like any precious metals site, prices change frequently with the market. Minimum purchase amounts may depend on your state of residency, but you can purchase as much as you have the funds to buy. However, Dollar Savings Direct may impose a limit on individual purchases for security reasons.

You can't place a precious metals order over the phone; it must be conducted online through your account.

Along with buying, you may also sell your precious metals at competitive rates. Funds from the sale are deposited directly into your Dollar Savings Direct savings account. Any fees associated with the sale will be deducted from the proceeds of your sale.

Finally, Dollar Savings Direct will store your gold for you as well, at a rate of .80% of the daily value of your holdings per annum. It will be insured by Lloyd's of London for 100% of the purchase value. You may also have your gold shipped to your door. If you’re ordering a large quantity to be shipped, Dollar Savings Direct will arrange for armored car delivery.

Dollar Savings Direct Customer Service

Dollar Savings Direct’s website provides a very bare-bones user experience. When you visit the site, your options are opening an account or logging in. There's a brief list of account highlights to entice new customers, but no menu of services or other information.

There are no bank branches, no ATMs, and no mobile apps—just the website.

There's no online chat or support forums, either. For customer service, you can phone a representative between 8 a.m. and 11:30 p.m. ET seven days a week. You can also send an e-mail or mail a letter.

How to Bank with Dollar Savings Direct

It is simple to open an account with Dollar Savings Direct. As with other banks, you'll need to provide personal information and verify your identity.

You must already have a personal checking account with another bank to open an account. You'll fill out an online application; if you're approved, you can log on immediately. Otherwise, you may need to wait a few more business days to hear back.

You can use a check or electronic transfer as your initial deposit, but those are your only options.

Final Verdict

Benefits

Unlike some banks whose interest rates on savings accounts approach zero, Dollar Savings Direct’s APY is competitive with the high-yield offerings from other online-only banks. It's not the highest, but it ranks with big names such as Ally and Capital One.

In a world where people generally don’t trust big banks, largely because of the hefty fees they charge, Dollar Savings Direct shines with its no-fee promise.

Drawbacks

The tradeoff is that Dollar Savings Direct has no physical locations, offers no checking account, has no ATMs, has no debit card access, and provides a bare-bones website.

However, if you just need a place to park your extra cash, it does just fine.

Источник: https://www.thebalance.com/dollar-savings-direct-review-4580559

PNB U.S. Dollar Savings Account


Primary ID:


✔ Valid Passport

✔ Driver’s License with Official Receipt

✔ Unified Multi-Purpose ID

✔ SSS ID

✔ GSIS e-Card

✔ PRC ID

✔ IBP Lifetime Membership ID

✔ NBI Clearance

✔ Work Permit issued by DOLE for Foreign Nationals



For Foreign Nationals

✔ Passport WITH ACR issued by Bureau of Immigration



AND any of the following:


✔ National ID

✔ Internal Revenue Service (IRS) ID

✔ Social Security System (SSS) ID

✔ Work permit issued by DOLE (mandatoryrequirement) if employed in the Philippines


Secondary ID:


✔ Police Clearance

✔ Postal ID

✔ Voter’s ID

✔ Barangay Certification

✔ Senior Citizen Card

✔ OWWA ID

✔ OFW ID

✔ Seaman’s Book

✔ Alien Certification of Registration/Immigrant/Certificate of Registration
✔ Government Office and GOCC ID(e.g. AFP, HDMF IDs)

✔ Certification from NCWDP

✔ DSWD Certification

✔ IBP ID

✔ PhilHealth ID Health Insurance Card ng Bayan

✔ Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC



Источник: https://www.pnb.com.ph/index.php/dollar-savings?tpl=1

Dollar Savings Direct High Interest Savings Account Review

Online banks put a new spin on old school banking practices. They combine convenience with low fees.

When it comes to savings accounts, money market accounts and certificates of deposit, many of them offer better yields compared to traditional banks.

Dollar Savings Direct is the online division of Emigrant Bank, which is headquartered in New York City.

The Dollar Savings Account is its version of a high yield savings account.

Opening a Dollar Savings Account is easy and can be done in just a few minutes online. You just need a Social Security number and a checking account.

There’s no minimum opening deposit. The question is, what makes this savings account a better choice than one at a different bank?

Online banks hold a lot of appeal but they’re not right for everyone.

If you’re planning to open a new savings account and you’re considering an online bank, in this review learn what Dollar Savings Direct brings to the table.

Dollar Savings Direct High Yield Savings Account Pros & Cons

ProsCons
  • Highly competitive interest rate
  • No monthly maintenance fee
  • No minimum deposit required
  • No ATM access
  • No mobile banking apps

Earn a Premium APY on Your Savings

Between online banks and traditional banks, online banks tend to have the edge where interest rates are concerned.

Because of their lower costs, online banks can afford to give savers a better APY on their money.

Dollar Savings Direct is no different in that respect. The Dollar Savings Account comes with a very competitive APY.

In fact, the website touts it as having the highest nationally advertised annual percentage yield for deposit accounts.

Unlike some online banks, which tier rates based on your balance, all savers earn the same APY with Dollar Savings Direct.

Compared to the rates associated with other online savings accounts, this account is hard to beat.

You might get a higher APY elsewhere but it’s likely going to be for a money market account or CD.

While CDs can have generous yields, there’s a catch. You’re locking your money in for a set period of time until the CD matures.

A savings account, on the other hand, gives you more flexibility. You can access your money fairly easily if an emergency pops up, or if you need it for some other reason.

There is, however, a limit on how many times you can withdraw from your account each month. More on that later.

Now, as to how the Dollar Savings Account stacks up against brick-and-mortar banks, it’s no contest.

Traditional banks, both large and small, generally offer much lower yields on savings. And, they may charge more in fees.

If you’re looking for a combo of a high APY and low costs, the Dollar Savings Account gives you both.

No Monthly Fees or Service Charges to Worry About

Bank fees can be a real drag. When you’re getting nickel-and-dimed on your savings account, that can easily cancel out any interest you’re earning.

That more or less defeats the purpose of keeping your savings in an interest-bearing account in the first place.

Dollar Savings Direct takes it easy on fees. There’s no minimum balance fee. No monthly maintenance fee. In fact, no service charges at all. That means every penny you earn in interest stays in your account.

There’s no fee for paper statements either, since all statements are delivered electronically.

That’s a plus, since some banks now charge $3 to $5 a month to issue paper statements. Electronic statements are maintained for 24 months.

There are a few ancillary fees to take into account but they’re not ones you’d pay regularly.

For example, there’s a $30 fee for balance confirmation letters and verification of deposit. There’s also a $100 legal fee for processing subpoenas or levies.

And outgoing wire transfers will cost you $30. Again, these are fees you may never encounter.

Dollar Savings Direct High Yield Savings Account Fees

TypeFee
Monthly Maintenance Fee $0
Excess pre-authorized withdrawals, transfers or checks$0
Statements with check copies &/or deposit slips only$3/Statement
Incoming wire transfer (domestic)$0
Outgoing wire transfer (domestic)$30
Stop Payment Fee$0

What About an Excess Withdrawal Fee?

A savings account is meant to be for savings. In other words, the goal should be putting money in and leaving it.

If you need to make purchases, pay bills or withdraw cash, you’d tap your checking account for that.

That doesn’t mean you can’t pay bills or make withdrawals from savings, however. But, it’s not an unlimited option.

Federal Regulation D limits withdrawals from a savings account to 6 per month.

If you go over that limit, your bank can charge an excess withdrawal fee. At some banks, this fee can be as high as $15 for each transaction over 6.

Dollar Savings Direct extends its no-fee policy to include excess withdrawals.

That means you won’t be penalized for going over 6 withdrawal transactions per month.

Dollar Savings Direct can, however, close your account if you’re routinely going over the limit or deny an excess withdrawal.

Accessing and Managing Your Savings Account

Since this is an online bank, all your account management is done through Dollar Savings Direct’s online banking system. You can check your balance or make transfers from a laptop or mobile device.

But what about making deposits or withdrawals? Your Dollar Savings Account can be linked to your checking account at another bank.

Note: Dollar Savings Direct doesn’t offer checking accounts.

You can link more than one checking account to your savings if you need to. You just have to wait 60 days after account opening to add a second account.

Once you’ve linked your accounts, you can deposit or withdraw money via ACH transfer.

Transfers usually take 2 to 4 business days to complete. You can also use a check to deposit money to your account, but only for your initial opening deposit.

No ATM access for urgent cash withdrawals

So how does that compare to other online banks? Some banks will give you a free ATM card to access your savings.

That’s a perk you don’t get with the Dollar Savings Account. And other banks will allow you to mail check deposits at any time, not just when you open the account.

Those are things you might want to consider as you’re deciding which bank is best for your savings. You should also think about things like large cash deposits.

If you regularly deposit cash in savings, having to put in your checking account first, then wait for a transfer to clear might be a hassle.

In that scenario, an online bank that allows for cash deposits at the ATM might be more attractive.

Choosing a Bank for Your Savings

Dollar Savings Direct isn’t your only online savings account option.

There are plenty of online banks that want your business. They all offer something different so you have to do a little digging before making a final choice.

As you compare online savings options, think mostly about the following:

  • How much interest can you earn on your savings?
  • How much does the bank charge in fees each month?
  • Is there a minimum balance requirement you have to meet?
  • Can you access ATMs and how much will it cost?

Online banks may not offer just savings accounts, which is good if you're looking for more than one type of account.

Besides savings accounts, you might even consider checking accounts, CDs, credit cards, and loans from an online bank too.

Final Verdict: Is Dollar Savings Direct Right for You?

After looking at the benefits of the Dollar Savings Account we’d recommend this account to someone who wants the highest yield possible on their savings while paying the lowest amount in fees.

It’s true that this account doesn’t come with a lot of bells and whistles. But, you don’t have to jump through any hoops to earn a solid APY on what you save either.

So who would this account not be right for? If you want all-in-one banking, this one’s a no-go.

The lack of an ATM card may also be a turnoff for some savers.

As you’re comparing banks, the goal should be to find one that delivers the things you want the most.

If that’s a higher yield -- and you don’t mind banking electronically -- then Dollar Savings Direct could be the bank you’re looking for.

More:Best Online Savings Accounts of the Year

Continue Reading

Источник: https://www.mybanktracker.com

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.
1964 OK 113
396 P.2d 1013
Case Number: 40415
Decided: 05/19/1964
Supreme Court of Oklahoma

THOMAS A. BAMBERGER, PLAINTIFF IN ERROR,
v.
DOLLAR SAVINGS BANK OF THE CITY OF NEW YORK, DEFENDANT IN ERROR.

Syllabus

¶0  1. Where a demurrer is filed which challenges the sufficiency of an answer to constitute a defense, the answer must be liberally construed and all its allegations for the purpose of the demurrer must be taken as true.
2. By virtue of Title 42 O.S.1961, § 5, an action to foreclose a mortgage is an action to enforce a lien as contemplated by Title 42 O.S.1961, § 176, and the party for whom judgment is rendered is entitled to recover a reasonable attorney's fee to be taxed as costs even though no provision is made for such attorney's fee by contract.
3. Where a cross petition alleges sufficient facts to constitute a cause of action and such action arises out of the same transaction or occurrence which formed the basis for the original cause of action, it is error for the trial court to strike from the cross petition the cause of action therein alleged.

Appeal from the District Court of Cleveland County; Elvin J. Brown, Judge.
Dollar Savings Bank of the City of New York, defendant in error, brought an action against Thomas J. Bamberger and others to recover on a promissory note and to foreclose a mortgage. Thomas J. Bamberger appeals from a default judgment rendered in favor of defendant in error after the trial court sustained the motions of defendant in error to make more definite and certain, motion to strike, and demurrer and Thomas J. Bamberger elected to stand on his pleading. Reversed with directions.

Jack Gray, Oklahoma City, for plaintiff in error.
R.B. Holtzendorff, Oklahoma City, Ross, Holtzendorff & Hurd, Oklahoma City, of counsel, for defendant in error.

IRWIN, Justice.

¶1 Dollar Savings Bank of the City of New York, referred to as Bank, commenced proceedings against Thomas J. Bamberger and others to recover judgment on a promissory note and for the foreclosure of a real estate mortgage. Bamberger filed a verified answer denying Bank's right to recover and by way of a cross petition sought damages resulting from the foreclosure action and a reasonable attorney's fee. Bank filed a motion to make more definite and certain, a motion to strike and a demurrer to the answer of Bamberger.

¶2 The trial court sustained Bank's motions and its demurrer and Bamberger elected to stand on his pleadings. Thereafter, the trial court found Bamberger failed to file an amended answer and cross petition and was in default. The trial court then proceeded to hear evidence submitted by Bank and rendered judgment in its favor. Bamberger lodged the present appeal.

PROPOSITION I

¶3 Bamberger contends the trial court erred in sustaining Bank's demurrer to his answer and rendering a default judgment against him on his failure to further plead.

¶4 In considering this issue we find that the basis for Bank's action, which was filed on March 7, 1962, was that the payments on the note and mortgage had been in constant default since October 1, 1961, and under the terms and conditions of the note and mortgage it was entitled to foreclose the mortgage. Bamberger in his answer denied each, every and all material allegations of Bank's petition and demanded strict proof of the same. In addition, Bamberger alleged that he had purchased the property from the other defendants in July, 1961; that all the mortgage payments were then current through July, 1961; that he paid and the Bank accepted the mortgage payments for August, September and October, 1961, and that he has tendered the monthly payments to Bank each and every month since November 1, 1961, and Bank refused to accept them; and that he is holding the payments and offers to pay the same in court.

¶5 In Shaw v. Grumbine, 137 Okl. 95, 278 P. 311, we held:

"On demurrer to an answer as defective, in that it does not state facts sufficient to constitute a defense, the pleadings must be liberally construed, and all its allegations for the purposes of the demurrer taken as true."

¶6 See also Allison v. Caruthers, 205 Okl. 582, 239 P.2d 759.

¶7 When the Bank interposed its demurrer to the answer of Bamberger on the grounds that the allegations and statements contained in the answer were insufficient to constitute a defense, it, in effect, admitted that all the monthly mortgage payments had been paid and accepted by it through October 1, 1961. It also, in effect, admitted that for each and every month after that time, Bamberger had tendered the monthly mortgage payments and that it refused to accept them. Since Bank's foreclosure action is predicated solely on the allegations that the payments on the note and mortgage had been in constant default since October 1, 1961, and by interposing its demurrer it, in effect, admitted that the October 1, 1961 payment had been paid and accepted by it, and that Bamberger had tendered all subsequent payments but it refused to accept them, the trial court erred in sustaining Bank's demurrer to Bamberger's answer and in rendering a default judgment in favor of Bank after Bamberger elected to stand on his pleadings.

PROPOSITION II

¶8 Bamberger alleged in his answer that he was entitled to an award for attorney's fee for defending the action, and that the same should be in the sum of $968.42. This is the same amount of attorney's fee Bank prayed for and was awarded in the journal entry of judgment.

¶9 The trial court sustained Bank's motion to strike this allegation and Bamberger contends the trial court erred in sustaining such motion.

¶10 Title 42 O.S. 1961 § 176 , provides:

"In an action brought to enforce any lien the party for whom judgment is rendered shall be entitled to recover a reasonable attorney's fee, to be fixed by the court, which shall be taxed as costs in the action."

¶11 In Ohio Nat. Life Ins. Co. v. Dobbs, 40 Okl. 147, 282 P. 306; and Federal Land Bank of Wichita, Kansas v. Denson, 172 Okl. 225, 44 P.2d 891, we held that by virtue of Title 42 O.S. 1961 § 5 , which provides that "Contracts of mortgage and pledge, are subject to all the provisions of this chapter," an action to foreclose a mortgage is an action to enforce a lien as contemplated by Sec. 176, supra, and the party for whom judgment is rendered is entitled to recover a reasonable attorney's fee to be taxed as costs even though no provision is made for such attorney's fee by contract.

¶12 If Bamberger had prevailed in the instant action and recovered judgment he would have been entitled to a reasonable attorney's fee to be fixed by the court. Therefore, the trial court erred in striking from Bamberger's pleadings the allegations concerning his right to a reasonable attorney's fee.

PROPOSITION III

¶13 Bamberger alleged in his cross petition action for the recovery of actual and exemplary damages resulting from and by virtue of the filing of the foreclosure action. The trial court sustained Bank's motion to strike these pleadings and Bamberger contends the trial court erred in sustaining such motion to strike.

¶14 Bank's theory seems to be that Bamberger's allegations with reference to damages were redundant and irrevalent matters and were so indefinite and uncertain that the precise nature of the charges were uncertain.

¶15 Although Bamberger's allegations with reference to actual and exemplary damages may not constitute model pleadings, such allegations do constitute causes of actions against Bank. Such pleadings were not irrevalent and redundant and the alleged causes arose out of the same transaction or occurrence which formed the basis for the original cause and the same constituted justiciable causes which could be joined with the original cause filed by Bank.

¶16 In Soper v. Enid Hotel Company, Okl., 383 P.2d 7, we held that where a petition contains allegations of ultimate facts which are pertinent and germane to a cause of action, it is error for the trial court to strike such allegations from the petition. See also Turk v. Page, 68 Okl. 275, 174 P. 1081.

¶17 We can only conclude that the trial court erred in striking Bamberger's allegations with reference to actual and exemplary damages.

¶18 The cause is reversed and remanded with directions to the trial court to vacate the default judgment rendered, vacate the order sustaining the demurrer and motion to strike that portion of Bamberger's pleadings concerning a reasonable attorney's fee, actual and exemplary damages, and take such further action as may be indicated.

¶19 BLACKBIRD, C.J., HALLEY, V.C.J., and DAVISON, JOHNSON, WILLIAMS, JACKSON and BERRY, JJ., concur.

Источник: https://law.justia.com/cases/oklahoma/supreme-court/1964/36655.html
dollar savings bank

US dollar savings account

Features

Competitive interest rates earn you more

$0 - $15,000,000.00
0.200% 
$15,000,000.01 & over0.200% 

Effective date: 29-November-21
Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account.

Monthly fees$0.00
Transaction fee (withdrawals only)$5.00 USD

*Excluding non-EXCHANGE ATM Withdrawals. See the complete listing  of related service charges including payment and other sundry services.

CDIC logo

Your deposits may be insurable by the Canada Deposit Insurance Corporation

Источник: https://www.cwbank.com/en/personal/accounts/us-dollar/us-dollar-savings-account

by Professor Lloyd Ultan

Banks are needed to provide the financing for business expansion and to give homeowners mortgages. In the late nineteenth and early twentieth centuries, some had their headquarters in the borough.

The first attempt to begin a bank in The Bronx was in 1860 in Morrisania, but this pioneer effort did not last long. The first Bronx-based bank to flourish was established in 1888 as the Twenty-third Ward Bank at 145th Street at the junction of Third and Courtlandt avenues. The bank grew with the borough. Within a few years, it moved to 133rd Street and Southern Boulevard near the heavily used New Haven Railroad station. In 1900, it moved to a new and larger building at 135th Street and Third Avenue. By 1907, two branches opened, one at Boston Road and 164th Street and the other on Third Avenue near 148th Street. In the booming business climate of the 1920s, the Twenty-third Ward Bank was converted into the Bronx County Trust Company.

BCHS - Dollar Sav-GC-1_NEW - lower res

Dollar Savings Bank on the Grand Concourse. Collections of  The Bronx County Historical Society, c. 1960s.

The influx of new homeowners to The Bronx prompted several Bronx businessmen to establish the first savings bank in the borough, the Dollar Savings Bank, in 1900. The new institution grew rapidly. It had to move from Third Avenue and 146th Street to larger quarters at Third near 149th Street in 1915, and again to the corner of 147th Street and Willis and Third avenues in 1919. Even that building was enlarged in 1926 before a branch was opened on the Grand Concourse north of Fordham Road in 1932.

In 1902, the Bronx Borough Bank opened at Tremont near Clinton avenues, later moving to Tremont and Park avenues. In 1924, it moved to Tremont and Washington avenues. In 1907, it established a branch at White Plains Road near 217th Street.

Other banks followed. The North Side Savings Bank organized in dollar savings bank at Third Avenue near 153rd Street. The Bronx Savings Bank opened at Tremont near Crotona dollar savings bank in 1906, but moved to Tremont and Park avenues in 1911. Also in 1906, the Cosmopolitan Bank began at Prospect and Westchester avenues, establishing two branches in the 1920s, one at Southern Boulevard near Freeman Street and the other at Fordham near Kingsbridge roads. In 1907, the Bronx National Bank appeared at Bergen Avenue and 149th Street and, in 1911, moved to 149th Street near Third.

These banks either failed in the 1930s Depression or were later merged into larger metropolitan banks. No Bronx-based bank now remains.

FOR MORE INFORMATION:
The Dollar Savings Bank building still stands on the Grand Concourse and is an individual New York City Landmark.  Read the New York Landmark Preservation Commission Designation Report at the database maintained by The Neighborhood Preservation Center – neighborhoodpreservationcenter.org/db/bb_files/Dollar-Savings-Bank-Building.pdf

 

Share This Story, Choose Your Platform!

Источник: http://bronxhistoricalsociety.org/2016/01/bronx-based-banks/

PNB U.S. Dollar Savings Account


Primary ID:


✔ Valid Passport

✔ Driver’s License with Official Receipt

✔ Unified Multi-Purpose ID

✔ SSS ID

✔ GSIS e-Card

✔ PRC ID

✔ IBP Lifetime Membership ID

✔ NBI Clearance

✔ Work Permit issued by DOLE for Foreign Nationals



For Foreign Nationals

✔ Passport WITH ACR issued by Bureau of Immigration



AND any of the following:


✔ National ID

✔ Internal Revenue Service (IRS) ID

✔ Social Security System (SSS) ID

✔ Work permit issued by DOLE (mandatoryrequirement) if employed in the Philippines


Secondary ID:


✔ Police Clearance

✔ Postal ID

✔ Voter’s ID

✔ Barangay Certification

✔ Senior Citizen Card

✔ OWWA ID

✔ OFW ID

✔ Seaman’s Book

✔ Alien Certification of Registration/Immigrant/Certificate of Registration
✔ Government Office and GOCC ID(e.g. AFP, HDMF IDs)

✔ Certification from NCWDP

✔ DSWD Certification

✔ IBP ID

✔ PhilHealth ID Health Insurance Card ng Bayan

✔ Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC



Источник: https://www.pnb.com.ph/index.php/dollar-savings?tpl=1

Dollar Savings Direct High Interest Savings Account Review

Online banks dollar savings bank a new spin on old school banking practices. They combine convenience with low fees.

When it comes to savings accounts, money market accounts and certificates of deposit, many of them offer better yields compared to traditional banks.

Dollar Savings Direct is the online dollar savings bank of Emigrant Bank, which is headquartered in New York City.

The Dollar Savings Account is its version of a high yield savings account.

Opening a Dollar Savings Account is easy and can be done in just a few minutes online. You just need a Social Security number and a checking account.

There’s no minimum opening deposit. The question is, what makes this savings account a better choice than one at a different bank?

Online banks hold a lot of appeal but they’re not right for everyone.

If you’re planning to open a new savings account and you’re considering an online bank, in this review learn what Dollar Savings Direct brings to the table.

Dollar Savings Direct High Yield Savings Account Pros & Cons

ProsCons
  • Highly competitive interest rate
  • No monthly maintenance fee
  • No minimum deposit required
  • No ATM access
  • No mobile banking apps

Earn a Premium APY on Your Savings

Between online banks and traditional banks, online banks tend to have the edge where interest rates are concerned.

Because of their lower costs, online banks can afford to give savers a better APY on their money.

Dollar Savings Direct is no different in that respect. The Dollar Savings Account comes with a very competitive APY.

In fact, the website touts it as having the highest nationally advertised annual percentage yield for deposit accounts.

Unlike some online banks, which tier rates based on your balance, all savers earn the same APY with Dollar Savings Direct.

Compared to the rates associated with other online savings accounts, this account is hard to beat.

You might get a higher APY elsewhere but it’s likely going to be for a money market account or CD.

While CDs can have generous yields, there’s a catch. You’re locking your money in for a set period of time until the CD matures.

A savings account, on the other hand, gives you more flexibility. You can access your money fairly easily if an emergency pops up, or if you need it for some other reason.

There is, however, a limit on how many times you can withdraw from your account each month. More on that later.

Now, as to how the Dollar Savings Account stacks up against brick-and-mortar banks, it’s no contest.

Traditional banks, both large and small, generally offer much lower yields on savings. And, they may charge more in fees.

If you’re looking for a combo of a high APY and low costs, the Dollar Savings Account gives you both.

No Monthly Fees or Service Charges to Worry About

Bank fees can be a real drag. When you’re getting nickel-and-dimed on your savings account, that can easily cancel out any interest you’re earning.

That more or less defeats the purpose of keeping your savings in an interest-bearing account in the first place.

Dollar Savings Direct takes it easy on fees. There’s no minimum balance fee. No monthly maintenance fee. In fact, no service charges at all. That means every penny you earn in interest stays in your account.

There’s no fee for paper statements either, since all statements are delivered electronically.

That’s a plus, since some banks now charge $3 to $5 a month to issue paper statements. Electronic statements are maintained for 24 months.

There are a few ancillary fees to take into account but they’re not ones you’d pay regularly.

For example, there’s a $30 fee for dollar savings bank confirmation letters and verification of deposit. There’s also a $100 legal fee for processing subpoenas or levies.

And outgoing wire transfers will cost you $30. Again, these are fees you may never encounter.

Dollar Savings Direct High Yield Savings Account Fees

TypeFee
Monthly Maintenance Fee $0
Excess pre-authorized withdrawals, transfers or checks$0
Statements with check copies &/or deposit slips only$3/Statement
Incoming wire transfer (domestic)$0
Outgoing wire transfer (domestic)$30
Stop Payment Fee$0

What About an Excess Withdrawal Fee?

A savings account is meant to be for savings. In other words, the goal should be putting money in and leaving it.

If you need to make purchases, pay bills or withdraw cash, you’d tap your checking account for that.

That doesn’t mean you can’t pay bills or make withdrawals from savings, however. But, it’s not an unlimited option.

Federal Regulation D limits withdrawals from a savings account to 6 per month.

If you go over that limit, your bank can charge an excess withdrawal fee. At some banks, this fee can be as high as $15 for each transaction over 6.

Dollar Savings Direct extends its no-fee policy to include excess withdrawals.

That means you won’t be penalized for going over 6 withdrawal transactions per month.

Dollar Savings Direct can, however, close your account if you’re routinely going over the limit or deny an excess withdrawal.

Accessing and Managing Your Savings Account

Since this is an online bank, all your account management is done through Dollar Savings Direct’s online banking system. You can check your balance or make transfers from a laptop or mobile device.

But what about making deposits or withdrawals? Your Dollar Savings Account can be linked to your checking account at another dollar savings bank Dollar Savings Direct doesn’t offer checking accounts.

You can link more than one checking account to your savings if you need to. You just have to wait 60 days after account opening to add a second account.

Once you’ve linked your accounts, you can deposit or withdraw money via ACH transfer.

Transfers usually take 2 to 4 business days to complete. You can also use a check to deposit money to your account, but only for your initial opening deposit.

No ATM access for urgent cash withdrawals

So how does that compare to other online banks? Some banks will give you a free ATM card to access your savings.

That’s a perk you don’t get with the Dollar Savings Account. And other banks will allow you to mail check deposits at any time, not just when you open the account.

Those are things you might want to consider as you’re deciding which bank is best for your savings. You should also think about things like large cash deposits.

If you regularly deposit cash in savings, having to put in your checking account first, then wait for a transfer to clear might be a hassle.

In that scenario, an online bank that allows for cash deposits at the ATM might be more attractive.

Choosing a Bank for Your Savings

Dollar Savings Direct isn’t your only online savings account option.

There are plenty of online banks that want your business. They all offer something different so you have to do a little digging before making a final choice.

As you compare online savings options, think mostly about the following:

  • How much interest can you earn on your savings?
  • How much does the bank charge in fees each month?
  • Is there a minimum balance requirement you have to meet?
  • Can you access ATMs and how much will it cost?

Online banks may not offer just savings accounts, which is good if you're looking for more than one type of account.

Besides savings accounts, you might even consider checking accounts, CDs, credit cards, and loans dollar savings bank an online bank too.

Final Verdict: Is Dollar Savings Direct Right for You?

After looking at the benefits of the Dollar Savings Account we’d recommend this account to someone who wants the highest yield possible on their savings while paying the lowest amount in fees.

It’s true that this account doesn’t come with a lot of bells and whistles. But, you don’t have to jump through any hoops to earn a solid APY on what you save either.

So who would this account not be right for? If you want all-in-one banking, this one’s a no-go.

The lack of an ATM card may also be a turnoff for some savers.

As you’re comparing banks, the goal should be to find one that delivers the things you want the most.

If that’s a higher yield -- and you don’t mind banking electronically -- then Dollar Savings Direct could be the bank you’re looking for.

More:Best Online Savings Accounts of the Year

Continue Reading

Источник: https://www.mybanktracker.com

Keep the Change® Savings Program

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

BUILD YOUR SAVINGS / AUTOMATICALLY

Round up each purchase to the nearest dollar and turn spare change into savingRound up each purchase to the nearest dollar and
turn spare change into savingRound up each purchase to the nearest dollar and turn spare change into saving

How it works

Keep the Change® is an easy way to make everyday purchases part of your savings planKeep the Change® is an easy way to make everyday purchases
part of your savings planKeep the Change® is an easy way to make everyday purchases part of your savings plan

1ENROLL

First, enroll the Bank of America debit cardFootnote 1 you use for daily purchases.

Pro-tip, use this card for online and recurring payments to collect the most change.

2SHOP

Next, use your card for everyday purchases such as at drug stores, the drive-thru or for an impulsive, must-have online buy. In other words, spend like you normally would.

3SAVE

Finally, we'll round up your purchase to the nearest dollar amount and transfer the change from your checking account to your savings account — or to a child's savings account.

Watch the savings add up

Select typical weekly purchases to calculate your savings

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TOTAL SPARE CHANGE = $0.00/WEEK
That could add up to $00.00/YEAR
The round-ups from your debit card purchases are accumulated and transferred daily from your checking
account to your savings account.
The round-ups from your debit card purchases are accumulated and transferred daily from your checking account to your savings account.

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A checking account with debit card

and

A savings account

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Источник: https://www.bankofamerica.com/deposits/keep-the-change/

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.

BAMBERGER v. DOLLAR SAVINGS BANK OF CITY OF N.Y.
1964 OK 113
396 P.2d 1013
Case Number: 40415
Decided: 05/19/1964
Supreme Court of Oklahoma

THOMAS A. BAMBERGER, PLAINTIFF IN ERROR,
v.
DOLLAR SAVINGS BANK OF THE CITY OF NEW YORK, DEFENDANT IN ERROR.

Syllabus

¶0  1. Where a demurrer is filed which challenges the sufficiency of an answer to constitute a defense, the answer must be liberally construed and all its allegations for the purpose of the demurrer must be taken as true.
2. By virtue of Title 42 O.S.1961, § 5, an action to foreclose a mortgage is an action to enforce a lien as contemplated by Title 42 O.S.1961, § 176, and the party for whom judgment is rendered is entitled to recover dollar savings bank reasonable attorney's fee to be taxed as costs even though no provision is made for such attorney's fee by contract.
3. Where a cross petition alleges sufficient facts to constitute a cause of action and such action arises out of the same transaction or occurrence which formed the basis for the original cause of action, it is error for the trial court to strike from the cross petition the cause of action therein alleged.

Appeal from the District Court of Dollar savings bank County; Elvin J. Brown, Judge.
Dollar Savings Bank of the City of New York, defendant in error, brought an action against Thomas J. Bamberger and others to recover on a promissory note and to foreclose a mortgage. Thomas J. Bamberger appeals from a default judgment rendered in favor of defendant in error after the trial court sustained the motions of defendant in error to make more definite and certain, motion to strike, and demurrer and Thomas J. Bamberger elected to stand on his pleading. Reversed with directions.

Jack Gray, Oklahoma City, for plaintiff in error.
R.B. Holtzendorff, Oklahoma City, Ross, Holtzendorff & Hurd, Oklahoma City, of counsel, for defendant in error.

IRWIN, Justice.

¶1 Dollar Savings Bank of the City of New York, referred to as Bank, commenced proceedings against Thomas J. Bamberger and others to recover judgment on a promissory note and for the foreclosure of a real estate mortgage. Bamberger filed a verified answer denying Bank's right to recover and by way of a cross petition sought damages resulting from the foreclosure action and a reasonable attorney's fee. Bank filed a motion to make more definite and certain, a motion to strike and a demurrer dollar savings bank the answer of Bamberger.

¶2 The trial court sustained Bank's motions and its demurrer and Bamberger elected to stand on his pleadings. Thereafter, the trial court found Bamberger failed to file an amended answer and cross petition and was in default. The trial court then proceeded to hear evidence submitted by Bank and rendered judgment in its favor. Bamberger lodged the present appeal.

PROPOSITION I

¶3 Bamberger contends the trial court erred in sustaining Bank's demurrer to his answer and rendering a default judgment against him on his failure to further plead.

¶4 In considering this issue we find that the basis for Bank's action, which was filed on March 7, 1962, was that the payments on the note and mortgage had been in constant default since October 1, 1961, and under the terms and conditions of the note and mortgage it was entitled to foreclose the mortgage. Bamberger in his answer denied each, every and all material allegations of Bank's petition and demanded strict proof of the same. In addition, Bamberger alleged that he had purchased the property from the other defendants in July, 1961; that all the mortgage payments were then current through July, 1961; that he paid and the Bank accepted the mortgage payments for August, September and October, 1961, and that he has tendered the monthly payments to Bank each and every month since November 1, 1961, and Bank refused to accept them; and that he is holding the payments and offers to pay the same in court.

¶5 In Shaw v. Grumbine, 137 Okl. 95, 278 P. 311, we held:

"On demurrer to an answer as defective, in that it does not state facts sufficient to constitute a defense, the pleadings must be liberally construed, and all its allegations for the purposes of the demurrer taken as true."

¶6 See also Allison v. Caruthers, 205 Okl. 582, 239 P.2d 759.

¶7 When the Bank interposed its demurrer to the answer of Bamberger on the grounds that the allegations and statements contained dollar savings bank the answer were insufficient to constitute a defense, it, in effect, admitted that all the monthly mortgage payments had been paid and accepted by it through October 1, 1961. It also, in effect, admitted that for each and every month after that time, Bamberger had tendered the monthly mortgage payments and that it refused to accept them. Since Bank's foreclosure action is predicated solely on the allegations that the payments on the note and mortgage had been in constant default since October 1, 1961, and by interposing its demurrer it, in effect, admitted that the October 1, 1961 payment had been paid and accepted by it, and that Bamberger had tendered all subsequent payments but it refused to accept them, the trial court erred in sustaining Bank's demurrer to Bamberger's answer and in rendering a default judgment in favor of Bank after Bamberger elected to stand on his pleadings.

PROPOSITION II

¶8 Bamberger alleged in his answer that he was entitled to an award for attorney's fee for defending the action, and that the same should be in the sum of $968.42. This is the same amount of attorney's fee Bank prayed for and was awarded in the journal entry of judgment.

¶9 The trial court sustained Bank's motion to strike this allegation and Bamberger contends the trial court erred in sustaining such motion.

¶10 Title 42 O.S. 1961 § 176provides:

"In an action brought to enforce any lien the party for whom judgment is rendered shall be entitled to recover a reasonable attorney's fee, to be fixed by the court, which shall be taxed as costs in the action."

¶11 In Ohio Nat. Life Ins. Co. v. Dobbs, 40 Okl. 147, 282 P. 306; and Federal Land Bank of Wichita, Kansas v. Denson, 172 Okl. 225, 44 P.2d 891, we held that by virtue of Title 42 O.S. 1961 § 5which provides that "Contracts of mortgage and pledge, are subject to all the provisions of this chapter," an action to foreclose a mortgage is an action to enforce a lien as contemplated by Sec. 176, supra, and the party for whom judgment is rendered is entitled to recover a reasonable attorney's fee to be taxed dollar savings bank costs even though no provision is made for such attorney's fee by contract.

¶12 If Bamberger had prevailed in the instant action and recovered judgment he would have been entitled to a reasonable attorney's fee to be fixed by the court. Therefore, the trial court erred in striking from Bamberger's pleadings the allegations concerning his right to a reasonable attorney's fee.

PROPOSITION III

¶13 Bamberger alleged in his cross petition action for the recovery of actual and exemplary damages resulting from and by virtue of the filing of the foreclosure action. The trial court sustained Bank's motion to strike these pleadings and Bamberger contends the trial court erred in sustaining such motion to strike.

¶14 Bank's theory seems to be that Bamberger's allegations with reference to damages were redundant and irrevalent matters and were so indefinite and uncertain that the precise nature of the charges were uncertain.

¶15 Although Bamberger's allegations with reference to actual and exemplary damages may not constitute model pleadings, such allegations do constitute causes of actions against Bank. Such pleadings were not irrevalent and redundant and the alleged causes arose out of the same transaction or occurrence which formed the basis for the original cause and the same constituted justiciable causes which could be joined with the original cause filed by Bank.

¶16 In Soper v. Enid Hotel Company, Okl., 383 P.2d 7, we held that where a petition contains allegations of ultimate facts which are pertinent and germane to a cause of action, it is error for the trial court to strike such allegations from the city of south gate zip code. See also Turk v. Page, 68 Okl. 275, 174 P. 1081.

¶17 We can only conclude that the trial court erred in striking Bamberger's allegations with reference to actual and exemplary damages.

¶18 The cause is reversed and remanded with directions to the trial court to vacate the default judgment rendered, vacate the order sustaining the demurrer and motion to strike that portion of Bamberger's pleadings concerning a reasonable attorney's fee, actual and exemplary damages, and take such further action as may be indicated.

¶19 BLACKBIRD, C.J., HALLEY, V.C.J., and DAVISON, JOHNSON, WILLIAMS, JACKSON and BERRY, JJ., concur.

Источник: https://law.justia.com/cases/oklahoma/supreme-court/1964/36655.html

4 Replies to “Dollar savings bank”

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