Post # 1
Darling Husband and I have only ever used our small-town bank from the area we grew up in (even during college). Now that we are big kids living in another state, we need to find a new bank so we can stop having to deposit checks every three weeks and dealing with all the inconveniences of not having your bank nearby.
I do have a checking account with a major bank from when I was in college, but as far as my paycheck and bill-paying, it all comes/goes to the our bank back home.
How did you ladies pick a bank? What do you look for in a bank? Is it better to go big bank or community bank?
We will just want checking/saving accounts for now, but would eventually be looking at home loans (which we might do through our current bank anyway just because they would likely have lower rates anyway)
Any advice is much appreciated!
Post # 3
@hisgoosiegirl:I’ve been with Wells Fargo for 6-7 years. I don’t really plan on going anywhere else…….unless this new “fee” that they’re testing out passes onto all states. I belong to 2 credit unions as well so if need be, we can open a new checking out with one of them.
Post # 4
I bank with my local credit union, which is part of a larger credit union network in this area. I find it’s nice to have an office with friendly people in it that I can go to with issues. The way the big banks are being bought out, it’s hard to know who will still be around. I used to be with Barnett, which became Wachovia, which is now Wells Fargo. Too confusing for me!
Post # 5
Thanks ladies! I hadn’t thought about credit unions before – have to check a couple in the area.
Post # 6
Def go with a credit union! Go small, go local. Checking should be free and really no or minimal over draft fees with a very gracious policy.
The big name banks are seriously always being bought out and adding ridiculous charges and fees – read the fine print. i have a Chase ( which was WAMU when I first got it) no longer gives free cheking and takes a percetage of my money based on how much I have in my account at the time every flippin month. My Fiance has some accounts with Bank America and Bank Atlantic and its all the same. Fees fees fees.
My parents have been credit unioners and have Zero probs. Good luck!!
Post # 7
I would also try to go with a credit union. Good luck!
Post # 8
Growing up I used a local credit union which was great until they turned into a bank so when I started college I moved to Wells Fargo- no problems there and I didn’t have any fees. I just moved to a state that doesn’t have Wells Fargo and I wanted to choose a bank that was located where I am now and where I am from so I choose Chase. I was able to get around any fees.
I would have gone with a credit union but wanted something that would be convenient in case we moved again or for my frequent travel back home.
Post # 9
- Wedding: October 2011 - Tre Bella, Mesa, AZ
@Eva Peron: Def go with a credit union! Go small, go local. Checking should be free and really no or minimal over draft fees with a very gracious policy.
This is exactly why I will never go with a corporate bank again. They nickel and dime EVERYTHING. Need to take out money? That will cost a few dollars. Need to transfer funds? A few more dollars. Oh, and the service has a monthly fee, by the way. Never again.
The great thing about credit unions is that most of them have sister unions with each other, so as long as you know your account number you can handle in-person banking at any credit union anywhere in the country. You’ll want to double check this with the credit union, but usually the larger state unions do it and the smaller city ones may or may not.
Post # 10
Credit union or local bank all the way! Not only do they have better rates and fewer fees, they do more lending to local businesses. Google “move your money” and you’ll see a lot of info.
But to answer your question, the best way is to look for which bank will give you the highest interest on your savings/money market accounts, combined with no (or very low) fee checking.
Post # 11
Credit union (ask any friends/family in the area which credit unions/local banks they use and why)! Every bank of I know of in my area is imposing restrictions and fees on EVERYTHING!!!!! It is ridiculous, if I put money into a bank; I should be able to take it out whenever I want WITHOUT any fees!
Post # 12
honestly, i picked my bank (wells fargo) because there was a student special and it linked my checking, savings, and credit card. i’ve been with them since 1997 and both my siblings also use the same bank so it’s easy to transfer money to each other. when i lived out east and there were no wells fargo branches, i just went with one of the main banks out there (fleet or sovereign) and then i drove past this bank with a really cute name, the fall river five cent savings bank. i had to open an account just because of the name.
i also have a high-yield (okay was high yield) savings account through (then provident bank) M&T bank.
i am really happy with wells fargo.
Post # 13
I go with the big banks because the convience of ATM and branch when I need them.
Post # 14
100% credit unions – they look out for their members (YOU) rather than stockholders
Post # 15
Thanks so much everyone! This is very helpful!
Post # 16
I’ve been w/ every major bank and now I’m w/ an Internet Bank, Charles Scwab. I Love, Love, Love my bank because I have no ATM fees anywhere in the country, its linked to a brokerage account if I need it, and I now can do photo deposit. Now my Darling Husband has always banked w/ a CU because he’s LE. So, we have the best of both worlds.
Now my only caution about CU. Not all CUs are created equal. My sis was part of a small local CU and it was worse than the majors. I also was a member of a CU for 10yrs until then nickeled and dimed me over everything. That’s why we’re both @ CB.