Pierre L.
So far everything is moving smoothly
So far everything is moving smoothly. I do you have a few questions, but I will ask later on. Thank you
Fair was closed in December 2022.
Bank with Fair (bankwithfair.com) has 62 customer reviews on Five Star Index, with an average rating of 4.0 out of 5.
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Pierre L.
So far everything is moving smoothly. I do you have a few questions, but I will ask later on. Thank you
Rafael C.
Overall I've been having a good experience. The only thing I notice is that when I log out the main menu is still open. I worry about the possibility of a hacker doing something.
Response from Bank with FairJun 30, 2022
Thank you for calling that out...we are addressing that visual issue right now. Rest assured once you log out, you are logged out.
Rasheed Q.
Good work.its a little more easier to find what you are looking for than the previous site.
Kristin S.
The 4% interest is great! I've also had an easy time reaching someone who can help me if I have a question or an issue. The only reason I don't give them 5 stars is that there is a fairly low limit on how much money you can withdraw at once. Update: By "withdrawing" I mean transfer to another bank account. The company did raise my limits but it could still be an issue if I need to make a large purchase (say, a down payment on a house). Maybe there is a work-around?
Response from Bank with FairJun 20, 2022
Kristin, if you ever need to transfer a larger amount we can work with you to do a wire transfer, typically, same-day. We do this regularly for our members. Simply contact customer service and we will take care of you!
Caroline B.
I love the concept of what Fair is doing, with halal lending and actually paying a reasonable interest on savings in the Wealth Building account. I would like more information on what the balance sheet of the LLC involved in the Wealth Building account looks like though, to get a feel for how risky the underlying investments are that are generating that 4% return.
Response from Bank with FairJun 20, 2022
Caroline, as a regulated financial entity, we are audited and have to adhere to strict financial guidelines. We have been in business for 2 years and have paid our dividends on the 7th of every month since our WBA program inception. We are financially backed by AMSYS, a 20 year old $350M Tech Company with revenues derived from over a dozen operating companies. We do not share our balance sheet publicly, however, per our terms and conditions, FAIR Invest, LLC will never pass any principal losses to our depositors. Fair/Amsys provides a letter of confidence from a 3rd party accounting firm based on an audit of our financials.
Sebastian
So Far So Good...All Absolutely Splendid... Hopefully Soon~Or At Least The Near Future There Shall Be Cash Deposits On Fee Free Allpoint ATMs...
Response from Bank with FairJun 1, 2022
You can do cash deposits to your Fair account through GreenDot at any retail location through their network. We will refund your GreenDot fee back to you. Just send us a message at [email protected].