I have an account in Wells Fargo and would like to open an account in another bank. Please recommend me another US bank.
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What Bank in the US do you have account? want to move out from Wells Fargo
- Thread starter TheGenerous
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This.
Though, that being said, I also have accounts with Citi Bank. They aren't always the easiest to deal with though, and have certain things you need to do, to avoid having to pay monthly fees for checking accounts.
I would also recommend a decent credit union. As for regular banks, you might want to look in to PNC if there are any branches near you.
Credit union, for sure.
I heard it put this way once, and it still hits home:
When you belong to a credit union youre a member of a not-for-profit financial institution. That means any profits made go back into the credit union in the form of better rates and lower fees for the members, who own and control the credit union.
When you belong to a bank, any profits made go to the shareholders of the bank, regardless of how well or how long you keep/maintain your account at that bank.
That info and the banking collapse in 2008 leading to TARP were the biggest catalysts to get me away from banks as fast as I possibly could.
BL.
I heard it put this way once, and it still hits home:
When you belong to a credit union youre a member of a not-for-profit financial institution. That means any profits made go back into the credit union in the form of better rates and lower fees for the members, who own and control the credit union.
When you belong to a bank, any profits made go to the shareholders of the bank, regardless of how well or how long you keep/maintain your account at that bank.
That info and the banking collapse in 2008 leading to TARP were the biggest catalysts to get me away from banks as fast as I possibly could.
BL.
i just moved from a credit union to chase, i like the chase app so i know where my money is. The credit union only had like 2 branches and the online banking sucked.
I use a small, local bank.
In addition to the very good suggestion to check out credit unions, you might also check small, local banks in your area.
In addition to the very good suggestion to check out credit unions, you might also check small, local banks in your area.
Of course...six months experience does not an expert make!
Okay fine! I defer to your near-century of grand wisdom!
Most big banks can go to hell.
I use a regional credit union, they've been great to myself and my business. And none of the fees that banks charge.
I use a regional credit union, they've been great to myself and my business. And none of the fees that banks charge.
Okay fine! I defer to your near-century of grand wisdom!
Touché...
And remember to always respect you elders...especially extreme elders!
Another vote for credit union.
Have my bank accounts, auto loan and mortgage with the same CU. The service can't be beat.
Have my bank accounts, auto loan and mortgage with the same CU. The service can't be beat.
Only problem with CU's are lack of branches when you need them. Had my first car loan with a credit union and never had a bad experience.
I guess that is where I am lucky.
Of course, major national banks are going to have locations where you need them. I went back to my hometown, and thought I would be screwed because to my knowledge, the closest branch to my bank was a 300 mile drive. Luckily there was an ATM run by my bank in a mall, so I went there and avoided any service fees.
But again, being nearly screwed out of my home (My bank was Bank of America; you can guess the rest of the situation) soured me with them severely. Then add in the fact that they charged a maintenance fee just for having my account there (an account I had for 10 years prior to owning a home), plus 3 counts of fraud activity that took them over a week to reverse those charges, plus encountering another fee after moving one account away which had direct deposit, and that was it.
My current credit union only has one requisite: Live in one of 34 of the the state's 58 counties. If you're in one of those, you're eligible to join; family members included.
Plus, most credit unions talk to other credit unions, letting you avoid any further ATM withdrawal charges should you need to pull cash from anywhere. and 80 branches.
And there is nothing I can't do in my CU's app that I could in BofA's app.
So CU versus a bank? at least for me, Credit Union all the way.
BL.
You can use another CU's ATM and even do deposits and withdrawals at other branches. I've never found it to be an issue.
I suggest a credit union. Most accounts have no fee. You are not being nickeled and dimed or have services shoved up.
Like any ATM card, you can use CU ATM card when you get grocery for cash back.
Most of them are affiliated with other CU and you can use teller / atm for free.
My CU reimburses x amount of ATM usage from third party bank if further than certain distance from home.
Like any ATM card, you can use CU ATM card when you get grocery for cash back.
Most of them are affiliated with other CU and you can use teller / atm for free.
My CU reimburses x amount of ATM usage from third party bank if further than certain distance from home.
I have accounts with both a local Credit Union and a smaller regional bank. They are pretty competitive against each other, but the bank gets the edge in lending products due to its size. Wouldn't go to a national bank for nothing.
I walk into either bank and they know me and my family by name. That's worth something right there.
I walk into either bank and they know me and my family by name. That's worth something right there.
I use Chase too. They've saved my behind multiple times, so I've been very happy with them. QuickPay is nice too, we use it all the time.