Looking to leave Bank Of America Vol. ASAP

bravelude · May 23, 2015

Edshoecator said:
Wells Fargo is getting sued right now. That's a bank for broke folks, and undocumented people. (hence the lawsuit)

All banks are being molested by the US government. The standards for borrowing money have tightened as well. But more so, your deposits are insured for up to $250,000.

I don't see WELLS FARGO in any trouble and this is backed by their financial standing.

Just saying dough. If a bank gives you anxiety, then OP might wanna consider something else. He can do some research for his well being.

nawghtyhare · May 23, 2015

I have b of a
Chase
Wells
And a credit union
They all suck honestly

DB Cooper · May 23, 2015

I've had Wells for 11 years. Never had an issue.

jringo66 · May 23, 2015

If you're in the Northeast I'd say give this a look….$10 a month for $1500 or more in direct deposit and $10 for paying 2 bills online using their bill pay system. Easy and it works.

https://www.santanderbank.com/us/personal/banking/checking/extra20-checking

diego · May 23, 2015

I never hear anyone talk about CUs outside of NT.
I use Chase cause there's branches all over the place and Quick Pay is convenient as hell.

Can y'all put me on to credit unions?
Why should I make the switch?

capital sb · May 23, 2015

What area do you live in?

imlive365 · May 23, 2015

I have a wells Fargo account and then a credit union to pay my credit building bills like my car payment. I have bright stat haven't had a problem with them yet.

Itachi · May 23, 2015

I'm with BoA and don't mind it, and they're everywhere, but chase quickpay is so damn nice I'm hurt BoA doesn't have an equivalent option.

jaysrcrak · May 24, 2015

Never had a problem with Wells Fargo personally
But yeah OP Credit Union's the way to go

zapatohead408 · May 24, 2015

ICE CITY FC said:
Charles Schwab High Yield Investor Checking Account

Free

Pretty sure the interest rate is higher than any of the savings accounts offered by the big banks.

No ATM fees anywhere in the world either. Commission fees charged by other ATMs get refunded to you.

what's the rate?

guzzy · May 24, 2015

FlacoBey said:
I've been banking with BOA for 8 years and I've never had a problem *shrugs*

Main reason I like them is because they're literally everywhere.

Same here.

moderndarwin · May 24, 2015

All of these banks are the same. Who still actually goes into the bank? If i ever (rarely) need physical cash i'll use the cash back option when grocery shopping. Or just take out 1000 and store it at the crib for use throughout the year.

Venmo,.paypal, and online banking ftw.

Serious queation though, where do you use cash besides some mex food spots and laundry??

ice city fc · May 24, 2015

zapatohead408 said:
ICE CITY FC said:

Charles Schwab High Yield Investor Checking Account

Free

Pretty sure the interest rate is higher than any of the savings accounts offered by the big banks.

No ATM fees anywhere in the world either. Commission fees charged by other ATMs get refunded to you.

Click to expand...

what's the rate?

I think it's actually a variable rate tied to the market that's constant for all Schwab accounts but the minimum is .06 %

BOA is .03 %.

Wells Fargo's rate isn't terrible I used to bank with them and it was something just under .05%.

At the end of the day though the fact that the Schwab account is free with zero fees beats any rate out there unless you're a student and qualify for a free college account or something along those lines.

moderndarwin · May 24, 2015

Ya'll wilding talking about .06%. Let's say you put 10,000 in then that is $6 bucks? Am I missing something?

ice city fc · May 24, 2015

^Yes. Nobody is looking to grow their money through a savings account. Like I said any account with no fees will net you more money than any interest rate out there.

jumpmanpro97 · May 24, 2015

Wells Fargo

edshoecator · May 24, 2015

paypal?

Na! They immediately settled a lawsuit which is pretty much admitting guilt. Shady company that ISNT a bank.

I never understood people who operate their lives with Paypal as their sole "bank". Way too many things can go wrong with them.

I have 2 CU accounts...if it wasn't for the locations they'd be #1.

drew · May 24, 2015

Wells Fargo.

Been banking with them all of my life and I've never had any problems whatsoever. They have so many locations in NY and the west coast so I'm pretty much covered wherever I go. Plus their mobile app and Wells Fargo SurePay works quite well.

Credit union account just in case I have to apply for any loans.

-Drew

timelessflight · May 24, 2015

I use Chase and a CU to pay on my auto loan

no complaints

zapatohead408 · May 24, 2015

ICE CITY FC said:
zapatohead408 said:

ICE CITY FC said:

Charles Schwab High Yield Investor Checking Account

Free

Pretty sure the interest rate is higher than any of the savings accounts offered by the big banks.

No ATM fees anywhere in the world either. Commission fees charged by other ATMs get refunded to you.

Click to expand...

what's the rate?

Click to expand...

I think it's actually a variable rate tied to the market that's constant for all Schwab accounts but the minimum is .06 %

BOA is .03 %.

Wells Fargo's rate isn't terrible I used to bank with them and it was something just under .05%.

At the end of the day though the fact that the Schwab account is free with zero fees beats any rate out there unless you're a student and qualify for a free college account or something along those lines.

I've never had any fees for having an account at any bank. I've had Overdraft fees back when I wasn't doing so well financially, but never for an account. I'm noot even looking at rates.

ice city fc · May 24, 2015

Most banks and CU charge you a fee if you use another bank's ATM, that other bank will also charge you a fee for withdrawing from their ATM. With Schwab there's no fee on their end and they reimburse you if another bank charges you a fee for using their ATM. For example with Wells Fargo they charge me a $5 fee to withdraw money internationally. In Europe the banks generally charge €4 as well. That's $10 just to make a withdrawal over seas. With Schwab it's $0. That's what I meant by no fees being better than any interest rate offered.

RustyShackleford · May 24, 2015

-The main draw of a Credit Union is the customer service, no fees (monthy maintenance and many reimburse you for out of network ATM use) and great rates/service of auto loans and insurance.

-With a brokerage firm the main draw is the the no ATM charges to use out of network, their are no maintenance fees and petty stuff like checks and deposit slips are free also. I prefer Fedility cause their credit cards give 2% back on everything and that comes in handy for paying off rent and bills.

-And savings account do have their use. I keep my emergency funds in there. And the rate for those is about 1%, but that should go up soon because of the Fed.

lightweight champion · May 24, 2015

Savings APR anywhere you go is poor. The best thing to do is invest in your retirement and keep in contact with your financial advisor to track how you're doing.

Coromanti · May 24, 2015

Chase, HSBC, or Credit Union

adobecs4 · May 24, 2015

Think I may settle on Wells Fargo. Chase wouldn't even let me apply because of my location. Headed to the CU in the am when they open.

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Looking to leave Bank Of America Vol. ASAP

bravelude

nawghtyhare

DB Cooper

jringo66

diego

capital sb

imlive365

Itachi

formerly hooraydonuts

jaysrcrak

zapatohead408

guzzy

moderndarwin

ice city fc

moderndarwin

ice city fc

jumpmanpro97

edshoecator

drew

timelessflight

zapatohead408

ice city fc

RustyShackleford

lightweight champion

Coromanti

adobecs4

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