22 responses

  1. Budgeting in the Fun Stuff
    April 14, 2010

    I haven’t used Alliant, but I’ll look into it.

    Currently we are WAMU transfers to Chase, which I hate, so I’ve been looking around. Thankfully, they don’t get much of our money anyway since we are mainly with ING and use Smarty Pig for our emergency fund money since it’s at 2.01%. We just need a brick and mortar bank to deposit actual checks that we receive…otherwise, I’d be an online-bank only person in a heart beat.

    Thanks!

    • moneycone
      April 14, 2010

      For depositing checks, you can do it from home with Alliant! Here’s how it works. Log on to Alliant, scan the check and the money is made available within a day! As simple as that.

  2. Budgeting in the Fun Stuff
    April 14, 2010

    That’s dang cool!
    .-= Budgeting in the Fun Stuff´s last blog ..BFS has a Guest Post about the Average Middle Class at Funny about Money =-.

  3. Zachary
    July 6, 2010

    Thanks for sharing this! I just started an account with ING, but I may move it to Alliant. The free checks are a nice touch, in addition to the higher interest rates.

  4. Kelly
    August 23, 2010

    Thanks for this info. I can’t believe I’ve never heard of Aliant, but they just might be my new bank — or rather, credit union.

    • moneycone
      August 24, 2010

      You are welcome Kelly! Actually Alliant Credit Union is the 7th largest credit union with assets over $7billion! It’s not a new kid on the block either. ACU was founded in 1935 and was originally called the United Airlines Employees Credit Union. So why not many have heard of this bank? First of all, this is a credit union so they don’t actively run ad campaigns unlike big banks. And for the same reason, there is no incentive for bloggers to promote this CU since they don’t provide affiliate revenue. But ACU is like a little secret only the most financially savvy folks know about! Here’s another article on ACU

  5. Nathan George
    September 20, 2010

    i think credit unions can have big bonuses for people. they are small enough that you’re not just a number and you can usually get great rates.

  6. Ken Therkelsen
    June 6, 2011

    Checking the Alliant website, it seems that the eDeposit, for some reason, still requires that the user mail in the items deposited electronically. Secondly, it looks like it’s only available with PC’s (no smart phone App and an ActiveX control is required, so Mac’s are out) and a scanner. I, too, desperately want to be able to eDeposit checks as I would then be online banking only. But I don’t understand the lack of a smart phone scanning capability nor the need to send in the deposit items. Looks like the only gain with eDeposit is the time spent in the mail. I need better than this, will continue to wait a bit longer for ING. Thanks, though, very good article.

    • moneycone
      June 6, 2011

      I use Alliant to scan and deposit checks instantly all the time.

      By default you get eDeposit which involves mailing. Once you join, you need to request access to eDeposit Plus which allows scanning your check. I didn’t have to ask, once I joined I was automatically given access to eDeposit Plus. But in case you don’t have access, send in a request.

      I don’t use a PC either and this works with Mac. You need to scan the check and use the upload the image of the check into Alliant’s site.

      As far as I know, they don’t have scanning via smart phone yet.

      Hope this helps and thanks for visiting Moneycone!

      • Ken Therkelsen
        June 6, 2011

        Thanks for the clarification. Good to see that eDeposit works for Mac. My confusion came from this Alliant website statement regarding eDeposit: “If you wish to use the built-in check scanning software, the first time you use this service the EZTwainX ActiveX Control must be installed on your computer.” Since ActiveX is a uniquely PC functionality, the implication is that this is a PC only capability. Perhaps a website clarification is in order.
        At any rate, I just want to scan a check with my phone and then shred it. Using my home scanner is a step up from mailing a deposit in but it’s not as convenient as using my phone (for example, when out of town, etc.)… I’d be *very* tempted to move to Alliant if they had, for example, an Android App for this.

  7. Sean H
    June 17, 2011

    The primary downfall to CUs is qualifying for membership. While the benefits are attractive, I don’t qualify. :(

    • moneycone
      June 17, 2011

      Sean, which CU are you trying to become a member of? It is not well publicized, but it is easy to join any CU. Usually by donating a one time token amount of $5 or $10 to some charity or non-profit organization.

  8. Matt
    August 19, 2011

    Bankrate.com gives Alliant a **** rating while both Ally and ING Direct (under Capital One) are *****. Something to think about in these unsettled days.

    • Matt
      August 19, 2011

      Alliant is only ***, so there is a 2 * difference!

  9. Bobby
    September 27, 2011

    Alliant has one fatal flaw. They require that you allow them to check your credit reports (hard pulls I believe) before you can open an account. They require the checks to open any account as far as I know, even if you are NOT applying for credit. I have all my credit reports frozen and only allow checks for valid reasons, such as applications for credit. The information contained in my credit reports is none of Alliant’s business (I’m not interested in applying for credit from Alliant.), and I don’t want my credit score damaged because of an unnecessary hard pull. They would not allow me to open an account without thawing my reports, period. I’m disappointed an otherwise seemingly good financial institution would have such an asinine policy.

    The good news for me is I’m very happy with my current financial institution (which doesn’t have such a silly policy), so I don’t really need an account with Alliant.

  10. dazed but not totaly confused
    November 22, 2011

    oh hey – i just left a message on the ING vs Ally and now I think I will wait before making any decisions go over the wealth of information you kindly have made available to the rest of us first.

    I can’t thank you enough. How someone even has the desire to even want to do this on top of their 9-5er, is truly amazing.

    • moneycone
      November 23, 2011

      Thanks for the kind words Dazed. Both Alliant and Ally are great banks. I actually joined both and split my savings between both.

      The reason being, though Ally’s rates are slightly lower than ACU, Ally reimburses any and all ATM fees at the end of the month. ACU doesn’t refund fees charged by the ATM owner. This freedom has been a life saver for me.

      Another thing I liked about Ally was free checks for life. ACU offers only the first box for free.

      Consider these points before choosing for saving even more!

      And feel free to post any questions you might have, I’ll be more than happy to help.

  11. Johnnyd
    December 13, 2011

    Ally now lets you use your scanner to deposit checks. I had my funds show up next day. They ask that you hold on to the paper check for 30 days ( I think) then you can destroy it or what I do is mark it void and put it back in my check box. Was waiting patiently for that feature to show up.

  12. Sean
    December 19, 2013

    Great Article Moneycone…I’m a huge fan of credit unions as well. The business model of CUs can’t be beat by for-profit banks. Combined with the Shared Branching feature which lets you access your account through other credit unions, it’s just a nice treat knowing that these guys are helping each other to help ALL their customers collectively.

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