Americanet, Redneck, Evantage banks all seem very much the same. What their affiliation with each other??

All are in Oklahoma and offer the same products their webpages seem the same.

Anyone know or care?

Posted: Feb 26, 2009

AmericaNet Bank is the internet banking division of All America Bank, Redneck Bank is the Internet Banking Division of Bank of the Wichitas, and Evantage Bank is an internet banking division of Southwest State Bank.

Although they are all located in the same vicinity, Mustang, OK, they have no affilation with each other but must have decided to buy the same online banking software from the same vendor.

Posted: Mar 6, 2009

I just called AmericaNet and was greatly disappointed by their customer service. I had a few simple questions, which the representative could not easily answer. Their money market account has a 3.1% APY, but the agent said only up to $35,000. The agent did not know the APY for accounts over that amount. Their website doesn't even mention any limit for their money market account. Also, the website states that they offer 5.25% interest for their checking account up to $25,000, but the agent said it was only up to $10,000. This is false advertising. In addition, the agent had a very rude tone in her voice and I asked her why that was so. She stated because she was trying to enter in a new account while talking to me and she was really behind. I cannot trust my money with a company like this. Beware.

Posted: Mar 10, 2009

zelig: i read recently that they just changed the 5.25% limit from $25K to $10K in the last couple of days so you just caught them during the switch over in terms between the website being updated and the agent being notified of the changes. I'm not a customer of theirs, just reporting what I have read.

Posted: Mar 12, 2009

@patrick

These banks are all owned by the Huckabee family. Thus, while their banking entities are not affiliated, they are controlled by the same people. More:
http://www.bestcashcow.com/savings_-_checking_-_cds/article/bankman/origins-of-the-redneck-bank-name

Hope that helps.

Posted: Mar 18, 2009

I opened a Mega Money Market Account about 2wks ago. It took 5 days to be approved, then another 3 days for my inital deposit to show up in the account. They did not email my account #, so I had to call customer service to get this. I needed the # to register and manage my account on-line. Customer service was friendly and helpful, but I had to call 3 times to get a person instead of an answering machine. When I registered my account, I had to select "checking" instead of "savings" for it to work. This was confusing. It is true that the 3.1% rate is only for the first &35K. Also, you have to wait 30 days before any money can be transferred out of the account. Overall, there were a few minor issues, but the high rate should be worth it.

Posted: Mar 18, 2009

Your kidding, right? No access to your money from an out of state bank for 30 days. No way!

Posted: Mar 19, 2009

The 30 day wait is true; however, it only takes $1 to open an account. Deposit your $1, then wait 30 days to move in a large amount of money. No big deal.

Posted: Mar 20, 2009

Wait 30 days and then move in a large amount? By then the rate will be .018 %.

Posted: Mar 21, 2009

I've also initiated the process to open the Mega Money Market account that generates a 3.1% return. I'm currently on the 3-day period for my money to show up on my account, which I do not yet have an Access ID# to access the account. Does the 30-day wait period apply only after the initial deposit? If I request a withdrawal on Sept.1, 2009, which is about 5 months after I open my account, will I have to wait 30 days for the withdrawal to reach me? I hope that's not the case. If anyone has any experience with that, let me know. I'll look into the Rewards Checking at 5.25% for the first $10,000 after I'm comfortable with the Mega Money Market account.

Posted: Mar 24, 2009

Thanks for the reviews. I'll stick with another bank with a little lower rates since they have excellent customer service and a great website that is user friendly.

Posted: Apr 2, 2009

My experience so far has been negative.
Customer Service is poor: no response to email inquiries, lenghty waits before being able to speak with someone by phone (35 minutes today). The rep stated that some of the secure emails end up in their junk file! My first statement indicated an interest rate of 2.25% instead of the promised 3.10%.

Posted: Apr 16, 2009

I called AmericaNet today to ask questions about their higher than normal yielding checking and savings accounts. The rep gave me the same info. as was on their website,however, after reading these reviews...I'm not confident in their services and therefore don't trust them to hold my money - whatever the rates. He did say AmericaNet is about 2 or 2.5 years old, maybe they will get the kinks worked out sometime soon. I'll check back at another time.

I am interested in feedback about how the account set-up and funding problems are being worked out for the people above.

Posted: Apr 22, 2009

Don't waste your time. I recently opened accounts. I just got an email from them. The rates are dropping on May 5th.

4.00% APY on daily balances less than or equal to $10,000.00

Mega Money Market
2.00% APY on daily balances less than or equal to $35,000.00

Posted: Apr 22, 2009

The previous comment is correct. The high yield rates go down the toilet May 5th.

Posted: Apr 29, 2009

I was about to open an account at AmericaNet, despite the rate drop. Anyone know of other banks offering higher rates? I'm sick of my 1.50% APY savings accounts..

Posted: May 7, 2009

Connie, try GMAC Bank. They're offering 2.25 APY for online savings, their website is easy to navigate, and transactions are fast. GMAC Bank is usually in the top ten best rates nationally.

Posted: May 8, 2009

The rate is now 2% APY, which is not competitive any more. I closed the account and found out that the interest from the last month was forfeited. They have this info buried deep in fine prints.
So, be aware and if you want to close the account do it right after the 3rd Wednesday of the month, when they close the monthly period.

Posted: May 19, 2009

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Posted: May 20, 2009

WTF! Nothing is sacred with these clowns...

Posted: May 26, 2009

Bait and switch rates, terrible customer service. NOW I am trying to reach someone so I can have recalim my funds. BEWARE

Posted: Jul 18, 2009