While there were a lot of complaints about the Emigrant system in the first few days after their website overhaul, one thing that I haven’t notice anyone report on is that Emigrant actually made a huge change that makes opening an account vastly easier. In the past when you opened an account with Emigrant, you had to wait several weeks for a snail mail confirmation come with your account number. It wasn’t until this account number arrived in the mail that you could actually open the account meaning the experience was a month long process. This discouraged a lot of people from signing up even though their interest rates were good.
With the website update, they changed this policy (woohoo, applause all around!) You now get your account number as part of the sign up process and all you need to do is wait for Emigrant to make a couple of small deposits into your checking account to confirm your account. That means the process now takes a couple of days to complete instead of a month.
While Emigrant doesn’t offer an official sign up bonus, we offer up to a $20 unofficial bonus for those who have not signed up yet.