Since I was new to money market accounts, I explored a couple of companies where I invested $5K into UFB and $5K into another. After opening the UFB account I tried to invest money, however, the system provided me an error message saying I’ve exceeded my daily amount. I called UFB and they turned on a setting to allow me to deposit funds (not convenient). One week later I tried to add additional funds, but gave me the same error message. At this point I knew this is not the right account for me. I tried to transfer some funds $2K back into my external account and it gave me the same message that Exeeded my daily limit. I called UFB, they did not understand why I was receiving this message and why I was going through the issues. They said they had to call me back to get management involved. I still haven’t heard from them. During the wait, I was able to transfer and withdraw small amounts out of my account to get my money back. Be very careful with this company.
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