Savings accounts
You may open or link as many or as few supported savings accounts to Max as you like and may add more accounts at any time. Opening Accounts Using t...
Tue, Apr 16, 2024 at 7:17 PM
The Max Common Application makes it easy to open one or more new high-yield savings accounts in just a few minutes by filling out a single form. If you have...
Tue, Apr 16, 2024 at 7:12 PM
Banks send funds between one another via a system called ACH, the same system used by your employer for direct deposit of your paycheck. Banks can verif...
Wed, Apr 14, 2021 at 2:57 PM
The process of opening new online savings accounts does not negatively impact your credit score. There are two types of credit inquiries: "hard&quo...
Tue, Apr 16, 2024 at 6:56 PM
If you encounter difficulty linking your existing savings account, please ensure that you are entering your login credentials properly. Linking issues...
Mon, Sep 16, 2019 at 10:33 AM
Max works as a hub-and-spoke system, with a checking account as the center or 'hub' account, which in turn links to your higher-yielding onli...
Wed, Apr 14, 2021 at 2:59 PM
To ensure your deposits can
be fully FDIC insured, you should link at least one online savings account for
every $250,000 of cash you wish to optimize. T...
Mon, Sep 16, 2019 at 10:47 AM
Checking If you wish to remove Max’s link to your checking account, either to switch banks or to enroll for Max Checking, click on the gear icon next to ...
Wed, Apr 14, 2021 at 3:01 PM
Max helps you manage your
balances within your online savings accounts so as to stay below the FDIC
insurance limit at each bank. The current FDIC ...
Mon, Mar 13, 2023 at 4:50 PM
Like most online banks, many of the banks supported on the Max platform place an initial hold on deposits to help protect against fraud. During this time yo...
Thu, Nov 7, 2024 at 12:25 PM