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Redneck Bank
- jessaustin 7y agoI like the animated fly. Then again, if a bank with a website like this did something silly like, uhh, transfer all my money to Nigeria, could I really complain about it with a straight face?
- h2odragon 7y agoIf they're not a real bank they're gonna get reamed for the FDIC logo. Jeff Foxworthy said the essence of "redneck" is a "glorious lack of sophistication." Dunno if thats still the case, but its a marketing vein that might have a drop in it again since he tapped it out back when.
- jessaustin 7y agoThis sort of marketing appeals to lots of people, including myself and many of the people with whom I interact on a daily basis. Of course it could only work online, but we've seen enough problems with online banking that online-only kind of scares me... still, I'm paying more attention to this than I've paid to banking in quite some time.
- h2odragon 7y agoMy tagline for my website is "Rantings of a Redneck Techno-barbarian". I've been hoping there was juice here again; glad to have a confirmation.
- basementcat 7y agoJeff Foxworthy studied at Georgia Tech and worked at IBM before launching his comedy career.
- rp00 7y agoNice interest rate. Their parent bank https://allamerica.bank/ https://allamerica.bank/ has branches in Oklahoma and does agricultural financing as well as normal bank stuff. it's a clever way to diversify and get a wider online presence beyond Oklahoma. The fly is a great touch.
- Cyberdog 7y agoAccording to the fine print, you need to keep a balance of $10,000 to get that 2.25% rate. There have been points in my life when I've had that much money in the bank, but this is not one of them.
- Meegul 7y ago"Earn 2.25% APY when you have up to $10,000 in your account. Amounts over $10,000 will earn 0.50% APY." suggests that you get 2.25% on a balance _up to_ $10,000, not that that's the minimum for that rate.
- Cyberdog 7y agoAh… You're right. My mistake.
- function_seven 7y agoIt's the other way around. They only pay the 2.25% on the first $10k in your account. Any balance above that gets a lower rate (0.50%)
- Causality1 7y agoInflation is 2.3%.
- mandelbrotwurst 7y agoWhat's your point?
- 7y ago
- mnemonicsloth 7y agoThey say they're an FDIC member. The FDIC says [1] Redneck bank is another name for All America Bank, which has been insured since December 22, 1969. There are at least two populations that would like this, IMO: a hipster crowd who are not in any way like rednecks, and the country crowd who look like rednecks to outsiders and call themselves rednecks, but who insist, if you ask them about it, that they're being tongue-in-cheek about it. In my experience, the latter group is having more fun. [1] https://research2.fdic.gov/bankfind/detail.html?bank=20093&name=http%3A%2F%2Fwww.redneck.bank&searchByTradename=true&city=&state=&zip=&address=&searchWithin=&activeFlag=&tabId=2 https://research2.fdic.gov/bankfind/detail.html?bank=20093&n...
- RandallBrown 7y agoI don't know if I'd ever actually sign up for Redneck Bank, but I definitely would never have heard of All America Bank without it. Maybe that's their play here.
- stephencanon 7y ago> the country crowd who look like rednecks to outsiders and call themselves rednecks, but who insist, if you ask them about it, that they're being tongue-in-cheek about it. Those are hipsters.
- walrus01 7y agoIs this like the bank version of a MVNO?
- axaxs 7y agoYes, perfect comparison. This is super popular nowadays. Fintech startups like Varo, Sofi, Chime, GreenDot, and I think Simple all use the FDIC of their 'partner' banks. IMO not much risk, all my money is in the first two I mentioned.
- reaperducer 7y agoSo is this a strategy that Apple could use with Goldman Sachs to turn Apple Card into Apple Bank?
- jumbopapa 7y agoSure. Basically all these new checking and savings accounts that are coming out, Robinhood, Google, Credit Karma, etc., are actually being serviced by a real bank.
- basementcat 7y agoSort of, yes. I think they’re owned by the same holding company as Bank of the Wichita’s. When I applied for a mortgage a few years ago, I was asked to provide some bank statements. The underwriter saw the letterhead from Redneck Bank and told me the underwriting process is no joke and asked for real non photoshopped statements. After some convincing we finally closed a few weeks later.
- vineyardmike 7y agoWait, you actually use this bank?
- allan_golds 7y agoUseless on mobile device.
- jlgaddis 7y agoI'm not really a "redneck" and even though I moved to "town" when I was still knee-high to a grasshopper (and later to "the city" to get myself some learnin's and an edu-ma-cation), I am absolutely a four-wheel truck drivin', Harley-Davidson (1690cc cruiser) ridin', ole country boy (and yes, back in high school my pick-'em-up truck had a shotgun rack in it). While I'm not sure that I, personally, would choose to do my bankin' down at the "Redneck Bank", you can bet yer ass I've got a bunch of friends and family members who would walk in and sign up right now if they built a local branch in my hometown!
- hornbaker 7y agoLove the edginess and design, but taking the user off-site (to the oflows.net domain, whatever that is) for sensitive application forms doesn't build a lot of trust imo.
- tzs 7y agoI hope they run Red Hat on the back end. For those who never installed Red Hat in the late '90s and so probably have no idea what I'm talking about, see this [1]. [1] https://imgur.com/gallery/yX5uw https://imgur.com/gallery/yX5uw
- tjpnz 7y agoSounds more Cockney to me.
- danesparza 7y agoNot to split hairs, but I would expect more rhyming for Cockney. Examples: https://www.theguardian.com/education/2014/jun/09/guide-to-cockney-rhyming-slang https://www.theguardian.com/education/2014/jun/09/guide-to-c...
- ebg13 7y agoWhile I recognize that this is (probably) a real bank, very high on my list of things that I definitely do not want from a banking website is "make me feel like you're not serious".
- AnimalMuppet 7y agoBut ya see, with Redneck Bank, the sheriff's gonna understand if, when they lose yer money, ya just shoot them banker fellers. That tends ta make 'em real serious 'bout what counts in bankin'. Ya know, not losin' peoples' money.
- eru 7y agoI wouldn't mind the copy writing too much. I'd pay more attention to eg sensible password policy. Basically, if they allow the same strong passwords as eg GMail, I take that as a good sign. If they have silly restrictions like lots of banks, that would weight much higher in my estimate of them as an online bank than the silly copy.
- reaperducer 7y agoIt's nice when companies don't take themselves too seriously. This case, it reminds me of a convenience store chain in West Virginia in the 90's that came out with a line of flat potato chips under the brand "Carl's Roadkill Cafe." It was successful enough to spawn companion products like Dust Cutter So-dee-pop.
- geekpowa 7y agoApparently rednecks have bandwidth and time to burn. Home page load: * 48 requests * 5.68 / 5.69 MB transferred * Finish: 42.53s * DomContentLoaded: 1.67s
- thunderrabbit 7y agoIt didn't load at all for me.
- nutjob2 7y agoFrom someone who actually banks with them (as All America Bank), here are the attractions: - decent interest rate on savings, used to be 2.5% not that long ago, but now is 1.75%. I don't blame them, I blame the Fed. - Push/Pull ACH with moderate restrictions and no fees. - No incoming wire fees. - No foreign transaction charges (but 75 cent fee for OS ATM useage). - No fees for the first 10 BillPay transactions, which is full featured. This is fine because you can pay credit cards and the like with ACH. - Generally low or no fees (but there is an overdraw fee). - Functional, reasonably snappy online banking without being needlessly complicated. - You can link someone else's account to yours so it appears like one of your accounts, with instant transfers. - Reasonable security without being too annoying. - If you ring them someone in the office will pick up the phone after a few rings, no call center, no stupid pointless IVRs. Sure sometimes they sound really hung over from the night before, but generally they're very nice. - Online secure messages are responded to promptly and you can do most things on it, none of this "please ring..." nonsense. - You can fully avoid the "Redneck Bank" marketing identity if you so choose. There is no mention on statements or online banking. I've been with them for a few years and I have no plans to go elsewhere.
- aosmith 7y agoHas anyone gone down the rabbit hole of looking into this bank? https://www.linkedin.com/in/redneck-bank-352214aa/ https://www.linkedin.com/in/redneck-bank-352214aa/ Edits (in chronological order): - This is the bank responsible: https://www.bankonitusa.com/ https://www.bankonitusa.com/
- JSeymourATL 7y agoRight on! And the CEO, Shawn Braden (evidently the founders granddaughter) - has a rather thin profile. Unusual for a savvy FinTech-ish firm > https://www.linkedin.com/in/shawn-braden-8a4467120/ https://www.linkedin.com/in/shawn-braden-8a4467120/ Still, good on you Mustang, Oklahoma!
- Angostura 7y agoSee also, the excellent Lings Cars https://www.lingscars.com https://www.lingscars.com if you are intrigued by this kind of web design.