New bank help.

[Caiyuo]

USAA if you can

If by "if you can" you mean the military ties needed, as far as I know it isn't applicable to basic banking, just for their services like insurance.

[foopy]

nyc = chase bank. so much saturation, i can't swing a dead cat without hitting a branch.

the only problem with them is they had a fairly steep min balance.

i can't remember their minimum deposit requirements to avoid draft fees. it was either 5000 or 15000. just toss that in a CD or a savings account and you won't see any fees.


but in terms of access and availability, it should be chase hands down.

[Kaludneisucks]

I run Wellsfargo for checking and light savings, set up auto transfer to avoid fees, then i xfer to Chevron credit union every 7k in savings i send 5, credit union offers great interest rates, specially once you hold more than say 25k.

[Necronus]

I'm trying to get away from BoA myself solely because of the $9 monthly maintenance fee. Was considering a credit union or something like USAA/Ally

What fee? I use BoA and have 0 fees of any kind.


To the OP, BoA works great for me, they're everywhere and if it wasn't for their online Portfolio manager and Bill Pay system I'd probably have shitty records and pay bills late all the time.

[Norellicus]

If by "if you can" you mean the military ties needed, as far as I know it isn't applicable to basic banking, just for their services like insurance.

This is correct. https://www.usaa.com/inet/pages/why_...igibility_main

@OP- USAA4LIFE

[Abandon]

Need help choosing a new bank, going to switch out of my local bank and into a larger branch, probably into either TD, Bank of America or Capital One. Anyone know a little about any of these banks to help me make a decision? My local bank (Astoria Federal) is fucktarded.

Sent while having a prostate exam. feelsgoodman

lol

[Restrat]

Didn't know that, always assumed it was all military only!
USAA is great, get it!

[Ksandra]

What fee? I use BoA and have 0 fees of any kind.

If you have direct deposit or are a student = no fee, anything else gets a fee and their fee is higher than anyone else.


I bitch enough about BoA (I worked there for two years) but let me tell you they pull some shady ass shit over there. Like giving away accounts for "free for life" then reversing that later on. If you have "no fee" watch that account like a hawk (make sure you select to show fees on the drop down tab when you look at your statement history online). Because I've seen it happen enough that sooner or later they will fuck you over and hope you don't notice.


And as someone else said, they have the highest fees for overdraft/bounce checks/etc. avoid them like the plague imo.

[gt_killa]

If you have direct deposit or are a student = no fee, anything else gets a fee and their fee is higher than anyone else.


I bitch enough about BoA (I worked there for two years) but let me tell you they pull some shady ass shit over there. Like giving away accounts for "free for life" then reversing that later on. If you have "no fee" watch that account like a hawk (make sure you select to show fees on the drop down tab when you look at your statement history online). Because I've seen it happen enough that sooner or later they will fuck you over and hope you don't notice.


And as someone else said, they have the highest fees for overdraft/bounce checks/etc. avoid them like the plague imo.

QFTMFW. I switched from BoA to Well's and never been happier.

[Marootsoobutsu]

Another chime-in on avoiding BofA. Also, Citibank. I've had both, and the second there was a small problem, I got raked over the coals. Once with BofA, they processed my pay check twice... I alerted them about it the next day. So they put a hold on my account, and then they removed not only the excess and original, but took out payment for the previous four pay check's I'd received. This resulted in numerous overdrafts that month. It took me three months to get everything fixed.

Right now, I have a $0.00 balance with them, because they won't close my account over the phone. One of my great joys in life is receiving my monthly statement from them.

[Drex]

What fee? I use BoA and have 0 fees of any kind.


To the OP, BoA works great for me, they're everywhere and if it wasn't for their online Portfolio manager and Bill Pay system I'd probably have shitty records and pay bills late all the time.

Every account they offer has a monthly fee with various criteria that trigger it. Some have a minimum. When I was with BoA, they charged me $9 any month that I received a paper statement, or any month that I made a transaction through a representative/teller (like a deposit, withdrawal, calling about a problem with the account, etc.). All of their accounts have some sort of shitty rules attached to them, which is why I got the fuck out personally.

[Tymon]

BoA doesn't have any maintenance fees at all if you bank entirely online, with online statements and ATMs

Basically they only charge you a maintenance fee if you use a teller or receive a paper statement.

Which I never (and have no reason to) do, so I have no fees.

I do plan to switch over to a credit union once my living situation is solid (as in, I know where I'm going to live) but until then I'm going with the one place that I can be 100% sure exists anywhere

[Caiyuo]

Didn't know that, always assumed it was all military only!
USAA is great, get it!

Do you ever run into any problems with not having a physical location? That's really the only thing that I'm having second thoughts about versus a local credit union.

[Restrat]

Nope, they write of any ATM fees up to $15 a month, and their website and phone service is top notch.

[JigglyJam]

I haven't had any problems with BoA in the 7+ years I've been with them. I haven't seen any fees other than the one time I overdrafted. I've used tellers to deposit the big checks I used to pay for college with and no fees. Have a checking and savings account.

[Abandon]

college, dude. you go to UNT? I'm a phi kap there, yeeeaaaahh boi. well, was. that was fuck... 5, 6 years ago? /sigh

Alumni, bitches

[Kerberoz]

Credit union, with completely separate accounts for savings, bills, and daily spending.

[Necronus]

If you have direct deposit or are a student = no fee, anything else gets a fee and their fee is higher than anyone else.


I bitch enough about BoA (I worked there for two years) but let me tell you they pull some shady ass shit over there. Like giving away accounts for "free for life" then reversing that later on. If you have "no fee" watch that account like a hawk (make sure you select to show fees on the drop down tab when you look at your statement history online). Because I've seen it happen enough that sooner or later they will fuck you over and hope you don't notice.


And as someone else said, they have the highest fees for overdraft/bounce checks/etc. avoid them like the plague imo.

Huh, checked the site and whaddya know, there is an $8.95 fee. But yeah, I'm immune cause 99% of the time I was with BoA I had direct deposit, but the second clause is fine even if I didn't (Maintain an average balance of $1,500+). I suppose it makes me foolish but I don't keep a savings account so yeah, always over $1,500.

[Norellicus]

Do you ever run into any problems with not having a physical location? That's really the only thing that I'm having second thoughts about versus a local credit union.

Not at all. Their website is extremely robust and pretty much does everything you can do at a bank, transactions are processed quickly, you can deposit checks online with a scanner, they reimburse ATM fees, and their phone support is fantastic.

Only thing you miss out on is getting large sums of cash and currency exchange, but even as a member those cost you money in person (I used to live in San Antonio where their only "branch" is), so no distinction.

Oh, their website also offers two-factor authentication via text messaging or email too, so it's incredibly secure.


Edit: Also, because I'm a bit OCD and a few people missed it, APR = interest you owe. APY = interest you gain. Talking about where to put your money means you want APY, not APR.

Sorry, carry on now >_>

[Ragnus]

Stay away from BoA. I tried closing my accounts with them when I changed to a Credit Union and they basically told me that they couldn't just turn away any incoming bills. They would open my account back up (which would be at 0 dollars) to process the payment and overdraft the account. Company is horseshit.