Comments on: Ask The Readers: Where Do You Bank? http://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rosellehttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34082 Roselle Thu, 03 Sep 2009 13:46:51 +0000 http://www.mytwodollars.com/?p=2167#comment-34082 Personally, my husband and I use a credit union. Originally, we were with a bigger metro bank here in the twin cities. After several months of problems with overdraft fees being outrageously expensive and putting us in a tough financial spot, we decided to save more money by switching to the credit union where we already had our own individual savings accounts. Haven't looked back since! Honestly, the type of bank you end up with really depends on what you expect from them. Personally, my husband and I use a credit union. Originally, we were with a bigger metro bank here in the twin cities. After several months of problems with overdraft fees being outrageously expensive and putting us in a tough financial spot, we decided to save more money by switching to the credit union where we already had our own individual savings accounts. Haven’t looked back since!

Honestly, the type of bank you end up with really depends on what you expect from them.

]]> By: Kerrihttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34022 Kerri Sun, 30 Aug 2009 18:36:56 +0000 http://www.mytwodollars.com/?p=2167#comment-34022 I use Merrill Lynch and am a big fan. It's banking and investments in one seamless place. But, it is a virtual place. I obviously have no bank building which scares some people but I'm comfortable with it (you simply mail in deposits). I have absolutely no need to walk into a bank and wait in line for anything. Online banking is only going to become more prevalent moving forward. There's a nominal annual fee for the services, (of course you have a financial advisor) but ATM transactions are reimbursed. Rates are great and you control the level of risk in your investments. A banking switch is a huge one the way accounts are synced up these days: I wish you a smooth transition! I use Merrill Lynch and am a big fan. It’s banking and investments in one seamless place. But, it is a virtual place. I obviously have no bank building which scares some people but I’m comfortable with it (you simply mail in deposits). I have absolutely no need to walk into a bank and wait in line for anything. Online banking is only going to become more prevalent moving forward.
There’s a nominal annual fee for the services, (of course you have a financial advisor) but ATM transactions are reimbursed. Rates are great and you control the level of risk in your investments.
A banking switch is a huge one the way accounts are synced up these days: I wish you a smooth transition!

]]> By: davidhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34017 david Sat, 29 Aug 2009 16:05:52 +0000 http://www.mytwodollars.com/?p=2167#comment-34017 I don't - other than its not a problem for me or anyone else I know. I have had my ING and BofA accounts linked for years w/o incident! I don’t – other than its not a problem for me or anyone else I know. I have had my ING and BofA accounts linked for years w/o incident!

]]> By: Janehttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34016 Jane Sat, 29 Aug 2009 13:50:05 +0000 http://www.mytwodollars.com/?p=2167#comment-34016 We used to have our accounts with the large banks but several years ago switched to a local credit union. We are quite happy. Our checking account has no fees, debit card access and online bill paying too. We can transfer money back and forth from our savings account on line. Love it. Have considered online banking with Ally for a savings account but my husband is hesitant that our checking account is tied to it. He thinks maybe it is too big of a risk. Know of anyway around that concern? We used to have our accounts with the large banks but several years ago switched to a local credit union. We are quite happy. Our checking account has no fees, debit card access and online bill paying too. We can transfer money back and forth from our savings account on line. Love it. Have considered online banking with Ally for a savings account but my husband is hesitant that our checking account is tied to it. He thinks maybe it is too big of a risk. Know of anyway around that concern?

]]> By: Wojciechhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34013 Wojciech Fri, 28 Aug 2009 13:40:55 +0000 http://www.mytwodollars.com/?p=2167#comment-34013 Very much so. I just finished transfering the rest of my scattered investment accounts to them last week. Very much so. I just finished transfering the rest of my scattered investment accounts to them last week.

]]> By: davidhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34011 david Fri, 28 Aug 2009 13:09:43 +0000 http://www.mytwodollars.com/?p=2167#comment-34011 I agree, I would too. Other people I know have said great things about Schwab - you happy with them? I agree, I would too. Other people I know have said great things about Schwab – you happy with them?

]]> By: Wojciechhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34010 Wojciech Fri, 28 Aug 2009 11:36:10 +0000 http://www.mytwodollars.com/?p=2167#comment-34010 I use Wachovia (now Wells Fargo) for checking and have been very happy for years. Charles Schwab has all my savings and investment accounts. If either one is ever dishonest with me, that's what would make me switch (and why I quickly left Bank of America). I use Wachovia (now Wells Fargo) for checking and have been very happy for years. Charles Schwab has all my savings and investment accounts.

If either one is ever dishonest with me, that’s what would make me switch (and why I quickly left Bank of America).

]]> By: Nickihttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-34001 Nicki Fri, 28 Aug 2009 01:40:42 +0000 http://www.mytwodollars.com/?p=2167#comment-34001 I currently have three banks - KNBT (regional), Wachovia/WF, and ING. My local Wachovia/WF branch is super, and even though I only have that account for dividend deposits, I've decided to keep it. I use ING for savings, and KNBT is our regular, everyday bank. I'm considering switching to a bank closer to our new home, but am still debating and evaluating branch locations. I currently have three banks – KNBT (regional), Wachovia/WF, and ING. My local Wachovia/WF branch is super, and even though I only have that account for dividend deposits, I’ve decided to keep it. I use ING for savings, and KNBT is our regular, everyday bank. I’m considering switching to a bank closer to our new home, but am still debating and evaluating branch locations.

]]> By: davidhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-33998 david Thu, 27 Aug 2009 19:04:40 +0000 http://www.mytwodollars.com/?p=2167#comment-33998 While I don't agree with the banks getting bail out money, most all of the big ones did. As did the car makers, every state in the nation, the unemployed, etc. You would be hard pressed at this point to find anyone or anything that has not taken at least a little bit of bailout money in one way or another. While I don’t agree with the banks getting bail out money, most all of the big ones did. As did the car makers, every state in the nation, the unemployed, etc. You would be hard pressed at this point to find anyone or anything that has not taken at least a little bit of bailout money in one way or another.

]]> By: Emily @ Under$1000PerMonthhttp://www.mytwodollars.com/2009/08/27/ask-the-readers-where-do-you-bank/#comment-33997 Emily @ Under$1000PerMonth Thu, 27 Aug 2009 19:04:29 +0000 http://www.mytwodollars.com/?p=2167#comment-33997 I'm in love with Bank of America. There is a $25 sign-up bonus. If you have a friend with an account there, they can get a $25 referral bonus. They have a keep the change program, where they round the dollar on your purchases and put the change in your savings. They match 100% for the first three months and 5% after that. I made over $100 the first year with the matching, and I'm no big spender. Oh, and free checking and debit account when you do direct deposit. Their online accounting, budgeting and e-billing has more than enough for my needs. I’m in love with Bank of America. There is a $25 sign-up bonus. If you have a friend with an account there, they can get a $25 referral bonus. They have a keep the change program, where they round the dollar on your purchases and put the change in your savings. They match 100% for the first three months and 5% after that. I made over $100 the first year with the matching, and I’m no big spender. Oh, and free checking and debit account when you do direct deposit. Their online accounting, budgeting and e-billing has more than enough for my needs.

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