Comments on: Best Philadelphia Checking Account – Hyperion Bank http://www.onlinebanksblog.com/best-philadelphia-checking-account-hyperion-bank/ Latest Online Banks News, Savings Accounts Rates, Certificate of Deposit Rates Fri, 10 Feb 2012 11:04:40 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: mike http://www.onlinebanksblog.com/best-philadelphia-checking-account-hyperion-bank/comment-page-1/#comment-1400 mike Sat, 03 Apr 2010 03:55:25 +0000 http://www.onlinebanksblog.com/?p=114#comment-1400 (email from Hyperion bank) April 2, 2010 Dear Hyperion Bank Customer: We designed our HyperInterest Checking Account product in order to give you the opportunity to earn an above market rate on your primary checking account while enjoying the convenience of using your debit card for point of sale transactions. Our ability to offer our customers this great rate is, in part, dependent upon the amount of fee income they help generate for us by making credit based debit card point of sale purchases. t is obvious that you are not using this account as your primary checking account (the account from which you conduct all of your bill paying activity including writing checks and making online bill payments through our online banking service). And that you are abusing the intention of this account by using your debit card in a calculated and limited fashion. Accordingly, your HyperInterest Checking Account has been closed* and converted to our Free Consumer Checking Account. If you do not wish to have the Free Consumer Checking Account, you have the right to close this account. Sincerely, Joseph M. Matisoff President & CEO (email from Hyperion bank)

April 2, 2010
Dear Hyperion Bank Customer:

We designed our HyperInterest Checking Account product in order to give you the opportunity to earn an above market rate on your primary checking account while enjoying the convenience of using your debit card for point of sale transactions. Our ability to offer our customers this great rate is, in part, dependent upon the amount of fee income they help generate for us by making credit based debit card point of sale purchases.

t is obvious that you are not using this account as your primary checking account (the account from which you conduct all of your bill paying activity including writing checks and making online bill payments through our online banking service). And that you are abusing the intention of this account by using your debit card in a calculated and limited fashion.

Accordingly, your HyperInterest Checking Account has been closed* and converted to our Free Consumer Checking Account. If you do not wish to have the Free Consumer Checking Account, you have the right to close this account.

Sincerely,
Joseph M. Matisoff
President & CEO

]]> By: Suzanne http://www.onlinebanksblog.com/best-philadelphia-checking-account-hyperion-bank/comment-page-1/#comment-101 Suzanne Thu, 08 Jan 2009 15:41:57 +0000 http://www.onlinebanksblog.com/?p=114#comment-101 Hyperion Bank's HyperInterest Checking account IS the best FREE high interest checking account in Philadelphia. A point of clarification however, one of the qualifiers is Direct Deposit OR an Automatic Payment (ACH) from your account. Many consumers do not have DIrect Deposit available to them (a shame because it really is a tremendous advantage to the consumer - ask your employer about adding it). So, instead you set up an automated payment - a bill you have to pay every month. Each monthly statement cycle you meet the criteria: 10 Debit Card Purchases Direct Deposit OR an Automated Payment (preauthorized ACH) Receive your statement electronically YOU'LL EARN 5.01% ANNUAL PERCENTAGE YIELD (on balances up to $50,000), GET ALL ATM FEES REFUNDED NATIONWIDE (up to $600 per year) AND FREE ONLINE BILL PAY. When you consider it's from a safe, sound Community Bank - focused on the customer and community we serve - it's a win, win. Now that's Banking in HyperDrive! Hyperion Bank’s HyperInterest Checking account IS the best FREE high interest checking account in Philadelphia.
A point of clarification however, one of the qualifiers is Direct Deposit OR an Automatic Payment (ACH) from your account.
Many consumers do not have DIrect Deposit available to them (a shame because it really is a tremendous advantage to the consumer – ask your employer about adding it). So, instead you set up an automated payment – a bill you have to pay every month.
Each monthly statement cycle you meet the criteria:
10 Debit Card Purchases
Direct Deposit OR an Automated Payment (preauthorized ACH)
Receive your statement electronically
YOU’LL EARN 5.01% ANNUAL PERCENTAGE YIELD (on balances up to $50,000),
GET ALL ATM FEES REFUNDED NATIONWIDE (up to $600 per year)
AND FREE ONLINE BILL PAY.
When you consider it’s from a safe, sound Community Bank – focused on the customer and community we serve – it’s a win, win.
Now that’s Banking in HyperDrive!

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