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Allstate Bank

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Poll: How do you rate Allstate Bank? (1 member(s) have cast votes)

How do you rate Allstate Bank?

  1. The best, five stars, * * * * * (0 votes [0.00%])

    Percentage of vote: 0.00%

  2. Good, four stars, * * * * (0 votes [0.00%])

    Percentage of vote: 0.00%

  3. Mediocre, three stars, * * * (1 votes [100.00%])

    Percentage of vote: 100.00%

  4. Bad, two stars, * * (0 votes [0.00%])

    Percentage of vote: 0.00%

  5. The worst, one star, * (0 votes [0.00%])

    Percentage of vote: 0.00%

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#1 markber


    1 billion bucks

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  • 15,048 posts

Posted 14 September 2004 - 07:33 AM

This is a thread to rate and discuss Allstate Bank. If you want to share your feedback about Allstate Bank, please reply to this post. If you would like to rate this bank, please vote in the poll above.

Below are links to Allstate Bank website and websites that provide information about this bank. You can use them to research the bank and decide if you agree or disagree with the following opinion about this bank.

"I can not recommend Allstate bank to high-income customers because APY of its Money Market and Interest Checking account is lower than APY you can get in other online banks

I can not recommend Allstate bank to low-income customers either because it charges a $5.95 fee for online bill payment. Many online banks offer bill pay for free (State Farm Bank, Farm Bureau Bank, Ascencia bank, etc). The cheapest regular checking account at Allstate bank requires $500 minimum average daily balance to avoid $7 fee. You do get ATM rebates. But ATM rebates are not enough to make this account competitive. The interest checking account of First Internet Bank of Indiana with the same minimum balance requirement gives you also free bill payment, ACH-in transfers, e-bills, email alerts, and ATM rebates. Conclusion: there are online banks around that have cheaper checking products than checking accounts at Allstate bank and better online banking than online banking of Allstate bank.

Allstate needs to work harder to make its bank accounts more competitive."

Prepared by ale51.