Ally bank is the old GMAC car loan company.
Ive been very happy with them, theyre one of about 6 banks I use
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
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.
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.
Hands down Ally is the best internet bank. It has a 5 star rating with Bauer, and is all around excellent in terms of interest rates, easy-to-use website, good customer service (with no 10 minute phone wait times) and no fees for transfers.
A lot depends on what you do most frequently. Do you need hi-limit ACH transfers, hi CD rates or the ability to use any ATM machine with no fees? Ally will probably win out on most of these transactions.
I just switched from a “big bank” to a local credit union because of banking fees.(haven’t received the first fee from my credit union)
Called around before the switch asking about fees and one National Bank told me if I put in too many deposits/amounts in one month I would be charge a % of the amount deposited - REALLY - no one would use that bank.
Good luck.
If you are a veteran, USAA.
I use PNC. They don’t charge fees as you describe, and have a fairly intuitive internet and phone app system.
I’ve heard good things about USAA.
As far as banks go, it depends on your lifestyle. For example, if you travel a lot internationally, BofA is going to be a lot better bet than Wells Fargo. If you travel a lot domestically, look at the bank’s footprint. If you are Mormon, avoid BofA - last time I looked, they had no branches and only one ATM in the state of Utah. If you stay local, a local or regional bank is probably going to be better than a multinational.
Know your pattern (checks? online banking? direct deposit?) and look for accounts where the fee structures minimize costs for what you do.
If you have less than $250k in the bank, deposit insurance is generally going to be the same across the board.
Ally Bank and CIT Bank are both very good.