Banking… how things have changed

[two_bit_score]

I can't even imagine what would happen pulling out cash to buy a home in 2023...

Yep, jail time, probably.

 

[grsthegreat]

Nonsence. I purchase lots of stuff for cash. Never have had any issues. I have a clean paper trail including multiple inheritance and 30+ years in business. i claim every cent that goes thru my business, even cash. But i rarely get cash sales any more for quite a long time. Most every customer pays with CC so they can claim points.

 

[5030]

I avoid all commercial banks like the plague. I only bank at the local shareholder owned Credit Union and I am a shareholder.

 

[jyoutz]

I avoid all commercial banks like the plague. I only bank at the local shareholder owned Credit Union and I am a shareholder.

I have a checking account and debit card with BOA for some payroll deposit and pass-trough spending. Mostly because of nationwide ATMs when I travel. But most of my financial business is with our local credit union. Loan rates are lower and deposit rates are higher than banks. And dealing with the credit union is a dream. They are friendly and easier to deal with for most any transactions including auto loans with much less process. I really don’t see the advantage of primarily doing business with banks anymore.

 

[ultrarunner]

I've never said this about any financial institution but I love my current credit union of the last 20+ years for all of the same reasons.

I still have a legacy B of A checking opened in 1948 for mostly sentimental reasons but everyone that knew me is long gone.

At the credit union not many do know me but the service is first rate.

My pet peeve with Banks is every few months they roll out pages of new disclosures and are always changing account parameters, etc.

The credit union basically limits notices to what the current rates are.

I miss the lobby board every bank and savings and loan provided listing current rates... and also why did all the wall clocks disappear from commercial banks?

 

[WM75Guy]

We have used BOA for well over 30 years and are very satisfied. We also use Merrill Lynch for investments, so it is easy to move money back and forth. The closet branch is 40 miles away in Tyler so we haven't set foot in a bank in years, everything is done online or with the app. We also have accts at a small local bank for farm and horse expenses. BOA makes it easy to transfer money between banks. So far this year we have received over $2,000 in rewards and due to our rewards tier we pay no fees.

 

[ultrarunner]

I did enjoy similar when Bank of America acquired Charles Schwab until the time they parted ways.

 

[5030]

Have not used an ATM for years and no debit card either.

 

[ultrarunner]

Yep… never once used an ATM and never had a loan except first mortgage…

Have grandparents and a dad making the Depression real made me debt adverse at a very young age.

 

[YanmarFever]

ATM ? never used one, and a credit card for emergency use...

I sleep real good at night.