Posted on 04/19/2020 5:10:36 AM PDT by paladinkc
looking to find a different bank, switched to a credit union that I am not sure they know what they are doing, and charge me fees just to transfer $ from one account to another for more than 4 transfers a month. I don't know who to trust on the website searches, I just want to know who is the best and cheapest
Ally bank is the old GMAC car loan company.
Ive been very happy with them, theyre one of about 6 banks I use
They dont have ATMs, but refund fees when use them from any other bank . You deposit checks via mail or the smartphone app. Customer service is ok, hard to reach in peak hours.
If you or a parent is a vet, I highly recommend USAA.
Stay away from Regions Bank if you want to avoid fees.
We’ve been happy with Schwab. All ATM fees are automatically rebated, free checks, nice web site and great customer service.
Any of the military credit unions (if qualified) would do better. Navy federal, just on the transfer issue, allows 6 transfers per month per account at no cost.
YMMV
Cheers
bkmk
I’ve been happy with BBVA.
I’ve consolidated to Premier FCU with an additional USAA savings account for my son when he inherits my membersip. Premier have a branch at my VA Medical Center and I wandered in one day almost three years ago to ask if I could hang a poster for GI Jams. I walked out with a 3.2% loan to pay off a car (since paid-our). When I bought a new Transit Van last year I financed thru Cap One at the dealership for a decent rate, but just refinanced thru PFCU and took the rate way down. No service charges on checking and savings, easy bill pay web site that lists all major banks, utilities and creditors for direct deposit and they send printed paper checks by mail for free to storage space rental, local plumber and Jim Robinson. They pay interest on both savings and checking and have skip payment options on loans. I’ve dumped a 30 year association with BB&T (now Truage after merging with Suntrust). When I moved my VA pension and travel pay direct deposits to the credit union, BB&T started charging a service charge on my checking account! That was the last straw - at least BB&T have waved the $3 fee to use my FCU card at their ATMs for the duration of the virus fallout. Just mt 2¢ - ymmv https://www.premierfcu.org/
If you have enough money in a bank there are no fees (IMHO). I dont know what that cut off point is.
Of course you dont want to keep too much in a regular savings account. You dont get anything back really
Wells Fargo
/huge sarc
This !
If you carry a rolling balance in a savings account of $5K my bank does not charge transfer fees to/from any account.
That $5K is an emergency fund for things that go to pot at inopportune moments.
Absolutely. My bank holds my mortgage. It is so close to ending I could dump whats in my savings to end it. But then I wouldnt have that 5k or so. The loan is not fixed rate so Im paying near zero interest. So.....let it be....for now.
If you are in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona or Nevada I recommend Glacier Banks.
No fee checking (no minimum balance) and no transfer fees.
Thanks people, you have given me more than enough resources to check out
It’s my understanding that a limit of 6 transfers between accounts is a federal government rule, and not up to the banking institution. If this is fact, its obviously a limit that may have made sense 20 years ago, but is ridiculous in today’s internet climate.
I have not done business with a bank for more than 30 years, but have used 2 federally chartered credit unions which have given me excellent service, including a home mortgage, and have NEVER charged me any fees for routine business (account maintenance, checks or transfers) in all that time.
Membership in my 2 credit unions is limited to certain government employees, but many good ones are available to people just because they live in certain counties or states. It’s definitely worth checking out!
US Bank has worked well for me. They maintain a lot of branches while Bank of America is closing branches down where I live.
If you’re in Florida then Suncoast Credit Union can’t be beat, zero fees.
My two cents: find yourself a small local bank. When I have a question, I don’t call an 800 number, I walk in and see the manager (although these days it is at the drive-thru window). My bank also has a deal where if you are over 50, you get no fees and free checks with no minimum balance.
The Bank of Meatspace is my favorite.
You can transfer all your cash in to an account.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.