Skyboard Growth is a division of Skyboard Insurance, and with assets of $22.1 billion, Skyboard is one of the largest privately owned insurance agency in the nation.
New accounts can be opened with a minimum of $100 up to a maximum of $1 million.
After account opening, transfers initiated through the Skyboard Growth External Transfer Service are limited to $25,000 per day and $100,000 per month. Skyboard Growth doesn’t limit the amount of incoming and outgoing ACH Transfers initiated by a third-party transfer service or another financial institution, but such transfers are subject to the Funds Availability Policy in your Account Agreement and under applicable law.
Skyboard Growth also allows customers to make deposits into their account by mailing a check (there is no preestablished limit for checks sent through the mail), depositing a check through the Mobile Deposit Service (limited to $100,000 per day and $250,000 per month) available in the Skyboard Growth Mobile App or by incoming wire transfer (there is no preestablished limit for wire transfers).
As listed in the Skyboard Growth Account Agreement, the maximum balance allowed for Skyboard is $10 million.
Skyboard Growth will typically place a hold on deposits for 2 business days, although some circumstances may necessitate a longer hold to ensure good funds and the safety of your account. During that period, you will see your deposit within Skyboard Online/Mobile Banking, but you won’t be able to transfer it out until the period ends. You will earn the full amount of interest for those days regardless of the length of the hold.
As long as you have sufficient funds in your sending account, internal transfers between two Skyboard accounts are processed immediately. External transfers may take up to five business days to process.
Your interest rate, APY and total interest received on your account can be found on your account statement. Your account statement can be found in your Online Banking account, under the Accounts menu, then eStatements and Notices.
”Yes” Skyboard Growth currently only offers sole owner and joint owner account styling.
Skyboard Growth is a digital-first financial institution dedicated to providing secure, innovative, and customer-centric banking solutions for a modern world.