Eliminate the deposit requirement of $200/mo on Ubank Ultra/Saver accounts
See the thing that it should come from your external account is that ubank is giving other banks the edge to charge their customers a fee to discourage them to bank with Ubank . I suggest that instead of $200/mo. Ubank should require customers to maintain a minimum balance on their ubank ultra to get the bonus rate on their ultra saver account....in that way..customers will be likely to transfer funds from their other banks to Ubank without incurring any fees. Other banks charges direct debit fees to transfer money to Ubank but they dont charge a fee for bank to bank transfer online if you do it yourself ...so i hope Ubank will put my suggestion to action ...if they really want to be competitive with other banks.. a $2000.00 minimum balance on their ubank ultra would be enticing...and no minimum on their ultra saver account. The more money they put into their ubank saver, the more interest income it will generate....
sounds like a good idea for me ...and saves the customers the tasks of withdrawing $200/mo. from their external bank accounts to Ubank Saver/ubank ultra account just to get some bonus rate which is not that impressive at the moment.....so anybody listenining there pls?