I'll specify a certain amount like 500 or 1000 dollars to be set aside by any date. It will move over small amounts daily without you noticing. In reality, the money is all in the same account but mentally I do way better with this scheme. I've built an emergency, a car repair fund, saved for AC for my home, and more without seeing a huge loss in my daily balance. It helped me learn to budget and save and that's the value they provide.
If you already are an amazing budgeter, no need to sign up.
There's got to be more to it than that, right? There are lots of internet-only banks. I use Ally.
Basically, imagine the envelope budgeting system as an actual part of your account, combined with a daily savings option. Assuming that you enter your bills in correctly (and it's, erm.. dead simple), you know immediately how much cash you have is safe to spend.
Great CS as well. Actual humans who speak English and who can solve your problems.
Can't recommend them enough.
All great points. The customer service in particular is just outstanding. If there was the opposite experience of calling into Comcast support, it'd be calling into Charles Schwab. They know their stuff and are willing and able to patiently explain things well beyond a script. The yearly free financial consult is awesome, too.
Only annoyance is that some of the procedures require printing out a PDF, filling it in, and physically mailing it or faxing it back. Hopefully that'll be less common in the future.
