Comments on: Leaving My Bank – Comparing Online Bank Accounts.

By: MITBeta @ Don't Feed the Alligators

MITBeta @ Don't Feed the Alligators — Tue, 10 Nov 2009 23:36:19 +0000

By the way, if you’re at all concerned about making deposits to EverBank, I just used their new check scan service today. You put the check you want to deposit on the scanner and go to the Everbank website. It scans the check and the money is in your account in a very short period of time. Very cool.

By: Elisa

Elisa — Tue, 10 Nov 2009 17:51:49 +0000

@PK – you’re right, they do. They didn’t for a long time and they’re still battling with how they want to handle their end of the security, to make sure their users feel comfortable, which means they go through many switches and they don’t always work. But yes, they technically to work with Thrive right now. I really should have elaborated on that.

@MITBeta – I have heard good things about EverBank! I will look into them, thanks for the recommendation. And I checked, and you were right, Everbank is also Thrive friendly.

@Bill – Thanks for noting that E*Trade also refunds ATM fees and supports online transfers. I wish that I hadn’t missed that. That would have definitely changed my scoring process!

@Tyler – Great suggestion for getting “cash back” with the debit card from normal grocery purposes. This would work for most people, I happen to pay my office rent in cash, which means I’d either have to ask for cash back in moderate amounts for the entire month, or I’d have to find a really, really nice grocery clerk.

@Kira – Thanks for the USAA recommendation! Unfortunately, I don’t qualify, but I have heard great things about their service.

@David – That’s a good point. I hate fees too. We share a strong passion.

Everyone! Thank you so much for your suggestions, comments, corrections and support!

I’m really looking forward to a better banking experience and I appreciate all of your thoughts!

By: David/yourfinances101

David/yourfinances101 — Tue, 10 Nov 2009 02:47:57 +0000

I think you wouldn’t be raising the bar too high if you changed it to “no fees” instead of low fees.

I hate fees.

With a passion.

By: SingleGuyMoney

SingleGuyMoney — Tue, 10 Nov 2009 00:12:35 +0000

I love Charles Schwab Bank. I have an investment account, checking account and credit card with them.

The checking account is supposed to be “high interest” but it pays less than 1% so that is my only problem with the account.

The credit card is awesome because it pays 2% on everything with no cap. The money is automatically deposited into my investment account each month.

By: Craig

Craig — Mon, 09 Nov 2009 20:11:28 +0000

I have yet to convert to an online bank even though so many praise them highly. I have been sticking to my money market accounts.

By: Kira

Kira — Mon, 09 Nov 2009 20:02:46 +0000

Way to go! I dumped Citi this year too (raised the APR on my credit card to 17%) and they took billions from TARP which they will not be repaying, (atleast not all of it, thanks to their recent bankruptcy).
If you’re eligible, I highly reccomend USAA (have to be military or a decendant to have access) but they are the BEST online bank ever. Free bill pay, free checks for life, ATM fees everywhere get refunded, and I can deposit checks by scanning them in.
Oh, and you always get to talk to someone in the US. If you can get them, you won’t be sorry.

By: Tyler

Tyler — Mon, 09 Nov 2009 18:23:14 +0000

You weren’t able to get cash back on your Citi debit/ATM card when making a routine purchase (i.e. groceries, household items, etc.)? Would seem the logical step to avoid a $6 fee.

By: Bill

Bill — Mon, 09 Nov 2009 16:31:45 +0000

E-trade refunds ATM fees and supports online transfers too.

By: Bank Rates

Bank Rates — Mon, 09 Nov 2009 15:20:00 +0000

I really like the Schwab accounts. I have a ING Direct account that I like for the interest rates, but the banking features with Schwab seem much more robust.

By: MITBeta @ Don't Feed the Alligators

MITBeta @ Don't Feed the Alligators — Mon, 09 Nov 2009 15:11:35 +0000

Have you considered EverBank? I’ve been a customer for a few years now and it seems to meet all of your criteria — perhaps exceed them in some cases. I can’t figure out whether it supports Thrive or not, but it does support MINT, so maybe that helps?

EverBank has a YieldPledge guarantee which means that you’ll earn near the best rates on all of your deposit accounts.

Good luck with the decision…