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Originally Posted by bringsmewomen
With all the banks out there which one is the best?
Wamu?
Wachovia?
Commerce?
Bank of America?
Chase?
other?
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Best for what?
Honestly, they're all about the same when it comes to basic services. They're all large banks, so they all have to adhere to a standardized loan approval process.
Small banks = good for small/medium business lending, auto loans (less regulated than bigger banks so they can do more "handshake" loans).
Large banks = good for medium/large businesses and higher than avg net worth individuals.
Credit unions offer the best loan rates for personal deposit rates/loans due to their "non-profit" status (They don't pay taxes, so they can afford to charge a lower rate).
