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02-25-2017, 07:14 PM | #1 |
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What bank do you recommend?
Wife and I are looking to switch to a different bank for our two small businesses and personal accounts. Our current bank only has 8 locations which can be a pain when traveling or needing to use an ATM. Plus they are in the dark ages when it comes to tech with constant issues with their online banking and old school ATMs. They have excellent customer service but that doesn't matter when they fail at everything else.
Our goal is a bank that has a decent amount of branches and teller atms, good mobile app, decent investment options, and strong liquidity. Who would you recommend? |
02-25-2017, 07:20 PM | #2 |
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I've always been with a local Michigan credit union. There are shared branches nation wide, so even though I've moved to NC and now to OH, I still have access to do any banking that's needed. Also get great rates and customer service whether direct, or through a shared branch.
Where are you located? What have you looked into? What credit unions are in the area and have a rep that can discuss your options? |
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02-25-2017, 08:20 PM | #3 |
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Depends on where you are located. Which banks have the most convenient locations to you? Check fees / what you need to do to avoid or minimize fees at those. The days of picking a bank based on the people / service in the local branch ended about 30 years ago so go with best combination of convenience / costs.
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02-25-2017, 08:23 PM | #4 |
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BofA
Physical presence very widespread Online services are outstanding
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02-25-2017, 09:44 PM | #5 |
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JPM Chase for both personal and business.
Depending on the business, Silicon Valley Bank.
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02-25-2017, 11:44 PM | #7 |
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Yeah I have accounts with multiple banks for business and all of my stuff I do with Chase. Prefer them hands down over any of the other banks I use.
I will say their online interface is not the greatest, however I can pretty much do whatever I want online. Wells Fargo recently updated their online stuff and it's much nicer, but I still don't like them and I hate everything about BoA and Citi. |
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02-26-2017, 08:11 AM | #9 | |
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It's sounding like Chase is where it's at. |
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02-26-2017, 08:14 AM | #10 | |
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02-26-2017, 09:38 AM | #12 | |
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Again from my memory on the subject, this applies to cashier's checks, certified checks, money orders, and personal checks. The only check instrument which is payable on demand are Postal money orders. |
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02-26-2017, 09:52 AM | #13 | ||
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02-26-2017, 10:01 AM | #14 | |
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02-26-2017, 10:36 AM | #15 | |
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As far as your stocks, you're not beating the market either...so might as well open a Vanguard account and dollar cost average to an index fund. It's that simple and the best advice you've ever gotten. People will say I'm wrong, but I'm not. People will say they can and do beat the market, but they can't and don't...at least in the long run. Last edited by BayMoWe335; 02-26-2017 at 10:55 AM.. |
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02-26-2017, 11:41 AM | #16 |
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Never noticed, I usually deposit my checks with my phone and forget about it. I'm not sure what your definition of large is, but I'm pretty sure I have never had any check held for 7 days, but all my checks are usually under 10k.
Last edited by dreamingat30fps; 02-26-2017 at 05:55 PM.. |
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02-26-2017, 11:48 AM | #17 | |
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I wish I could get into option trading but I had a hard time truly understanding it when they explained it to me. Also have been doing demo accounts on the Forex market and have been getting great results...I know it's different emotionally when using real money. They could make millions in literal mins. Would love to have a good Forex eta but they haven't hit on a true long term winner yet, some did 40% monthly but only held for a few months before dumping. Need to focus on just a few strategies so I don't get too out of line but it's just a test phase right now to see what works well for me. Thanks for the reply and advice! Last edited by Our03z4; 02-26-2017 at 12:18 PM.. |
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02-26-2017, 12:18 PM | #18 |
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Some are over 10k but majority usually aren't so sounds good. Thanks!
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02-26-2017, 07:21 PM | #20 |
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Wow so I guess gone are the days of free accounts. Chase wants to charge for everything I do, including putting too much physical cash in. Since when do banks penalize you for putting money in their bank, for them to invest with? Might as well stay with my little bank that is old school and doesn't charge for anything at all. What does Chase do that makes it worth all the fees I'm going to get on 4 accounts?
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02-26-2017, 09:57 PM | #21 |
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I'd do a search on my threads about "Banks".
That being said... Not a fan but they are a necessary evil so to speak. I've banked with or know friends and family who have with every big bank there ever was. I've had an account with Chase for over 30yrs. So there's something to be said about history. I also have 2 credit union accounts. And my wife and I have joint accounts with Capitol One as of 3yrs ago when they started opening branches locally. If I were to recommend any big bank, it is Capital One. Overall great customer service, large presence, and lowest fees of any big bank. |
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02-26-2017, 11:59 PM | #22 | |
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