Bank Woes

[MossRoad]

This is just some of the stuff I see when checking into Credit Unions.


5% Coin exchange could be subject to a fee up to 5% of the total amount of coin 5%

Tax Check Cashing Fee(if a member does not have deposits totaling $100 or more, a checking account or loan, there will be a check cashing fee)

$0.50 Xpress Mobile Deposit per check depositing fee

$5.00 Check Cashing Fee(if a member does not have deposits totalling $100 or more, a checking account or loan, there will be a check cashing fee)

I'm sorry, but if you don't have deposits totaling more than $100 (that's combined between checking, savings, etc...) you got bigger problems than sitting on the internet complaining about fees.

 

[bnold]

I don’t get why you would ever leave USAA???
20+ years now. Flat out awesome service!

Unfortunately, USAA doesn’t handle business accounts... so I’m stuck with the turd that is Wells Fargo... Awful establishment

 

[MossRoad]

You know the reason they charge the fees for accounts with less than $100 in total deposits?

They want those accounts to go away. They cost them more than it's worth to let people use them for a check cashing service.

 

[MossRoad]

Did you get your free toaster yet?

 

[MossRoad]

The Toaster Transition—Evolving Away from the Free Checking Account

In fact community bank clients with fee-based checking accounts are three times more likely to have other accounts and products with that same bank.

mabusagency.com

 

[grsthegreat]

My wells fargo bank has been great for my home and business accounts. Possibly the branches up here in idaho outshine others. Who knows.

but im sure having several hundred grand in accounts gets better service, but who knows.

 

[Alien]

Only time I get charged transfer fees is when I transfer from New Zealand to Australia. Seems like some banks are petty or need money to pay bonuses.

LOL (removed). I had a woman Manager in my Bank once and she couldn't do enough to help us in every way. Sadly she gave up banking and bought a property and semi retired. I run into her occasionally and she still remembers us. Not like most bankers.

 

[Doofy]

Been banking with the much-hated Wells Fargo for over 50 years and have never been treated badly or screwed over. I certainly hope you can find a forever bank you can be happy with.

 

[TheMan419]

Just looked at my CU fees..... They are all waived if you have a whole $2500 with them or direct deposit. So that is why I am not seeing any fees on any of my accounts. Also you can get fees waived if you have 10 transactions a month.

 

[Diggin It]

One that I've been using for close to 20 years kept getting bought out. Back when all I had was dial up internet, I found a place called CompuBank. Web only, no branches. That was fine for what I was doing at the time. They lasted for a while, then got bought by NetBank. They were pretty good too from my point of view, but only lasted a few years before ING stepped in. Then it kind of got screwed up. I stuck it out for a while, and as I was about to move on from them, they sold it to EverBank. These weren't really outright sales, rather more like takeovers before failures. EverBank worked out well for many years. I could do almost everything I wanted without fees of any kind. They even refunded ATM fees charged by other banks.

A couple of years ago, they merged with something called TIAA, which isn't even a bank. It's some kind of teacher's organization that deals in retirements and investments. They screwed it ALL up bad. A formerly professional looking and operating website turned into something that looked like it was designed by third grade drop outs. All kinds of silly colors and whirling, spinning, sliding things. What I used to be able to do on one page suddenly took four or five pages. Something as simple as changing the address of a payee --- one page for the name, another for the address, a third for the city and state, then another for the account numbers and on and on and on.


As far as low balances, I keep a couple of accounts that way deliberately. They may only have a couple of hundred dollars or less. I do that in case they get compromised of a bill pay acocunt gets messed up. I can be less worried about losing too much. But that's also why I need the account transfer ability without fees. I transfer money into those small accounts as needed to cover pending transactions and I may do that a few times a month. I can't get hit with a fee every time.

 

[airbiscuit]

I kind of understand the Bank's perspective on customers who maintain low balances. Those customers are not exactly profitable.

 

[Oaktree]

The Toaster Transition—Evolving Away from the Free Checking Account

In fact community bank clients with fee-based checking accounts are three times more likely to have other accounts and products with that same bank.

mabusagency.com

Really?
I haven't seen a free checking account, nor "gifts" offered for opening one since the 70s. Maybe no service charge if you maintain a (fairly high) minimum balance, but that's it. A handful still pay interest on the balance, but these days it's such a pittance as to not be worth the bother.

 

[Oaktree]

One that I've been using for close to 20 years kept getting bought out. Back when all I had was dial up internet, I found a place called CompuBank. Web only, no branches.

I looked into online banks a while back, they seem to pay better interest but most seem to require a certain number of debit card transactions a month to qualify. Nope. No debit cards for me.

 

[Sigarms]

Did you get your free toaster yet?

Back in my hometown in Pa, we had a Polish bank that offered $500 for every toaster you brought in.

They didn't stay around long.

 

[fried1765]

Join a credit union Maybe??Been with my CU for 42 plus years great experience..

DITTO !!!!

 

[LS Tractor Owner]

I'm now in the process of shutting down my third local bank account. The first just flat out lied more than once. One person would tell me something when I asked how to do something and when I went to follow through, another person would tell me 'no, that isn't true, we don't do that'. The second applied hidden fees. They refused to disclose them openly, or even in their published fee schedules. You didn't see them until you were logged in and went to complete a certain task like a transfer. Then, and only then would you see that you would be charged. Repeated complaints yielded nothing, not even an admission of the error.

Now, this third one openly states they don't really care about what customers want and don't care if they leave. Also found out they share account information with third parties.

I've used Chase, USAA, CitiBank and Synchrony among others and while they all have their faults, you can usually work with them. But these local fools just don't care. And don't talk to me about Credit Unions either. I've looked at them and their fees, rates and account conditions are ridiculous.

Wow, I am a member of 3 credit unions.... none of which charge me for ANYTHING! No fee checking, transfers, ECH transfers, NOTHING!
I even get a small pidlance of interest on allof the accounts...

I have my truck financed through one... 2.49%....

You might want to shop around some more. We got away from ALL banks.... they will rip you off anyway they can!

 

[two_bit_score]

I'm now in the process of shutting down my third local bank account. The first just flat out lied more than once. One person would tell me something when I asked how to do something and when I went to follow through, another person would tell me 'no, that isn't true, we don't do that'. The second applied hidden fees. They refused to disclose them openly, or even in their published fee schedules. You didn't see them until you were logged in and went to complete a certain task like a transfer. Then, and only then would you see that you would be charged. Repeated complaints yielded nothing, not even an admission of the error.

Now, this third one openly states they don't really care about what customers want and don't care if they leave. Also found out they share account information with third parties.

I've used Chase, USAA, CitiBank and Synchrony among others and while they all have their faults, you can usually work with them. But these local fools just don't care. And don't talk to me about Credit Unions either. I've looked at them and their fees, rates and account conditions are ridiculous.

This seems to be a common theme with Diggin It.

 

[mikester]

I'm now in the process of shutting down my third local bank account. The first just flat out lied more than once. One person would tell me something when I asked how to do something and when I went to follow through, another person would tell me 'no, that isn't true, we don't do that'. The second applied hidden fees. They refused to disclose them openly, or even in their published fee schedules. You didn't see them until you were logged in and went to complete a certain task like a transfer. Then, and only then would you see that you would be charged. Repeated complaints yielded nothing, not even an admission of the error.

Now, this third one openly states they don't really care about what customers want and don't care if they leave. Also found out they share account information with third parties.

I've used Chase, USAA, CitiBank and Synchrony among others and while they all have their faults, you can usually work with them. But these local fools just don't care. And don't talk to me about Credit Unions either. I've looked at them and their fees, rates and account conditions are ridiculous.

Don't move to Canada it's a lot worse. Banks here are given guaranteed monopolies and customers are treated like dog sh@t stuck to the bottom of your new sneakers. Then like clockwork they raise your bank fees, change bank account plan names to remove free features like statements, pay zero interest, and declare record profits every year.

The latest gimmick is to offer long term savings plans that promise 1.95% interest in a promo period as long as you don't touch your money for 3 months at a time, then they drop the interest to 0.25% even though you locked in at 1.95%, and then you find you can't access your account anymore because they declare your account "inactive" after 3 months.

 

[3Ts]

I have 2 CU accounts, one of them going on 40 years and are pretty much free. They are the primary accounts we use since they cover most things we do with banking. As much as I don't want an account with BofA, they are the closest bank by far that will handle international money transactions, so we maintain an account with them just big enough to avoid most of the fees.

 

[daugen]

One that I've been using for close to 20 years kept getting bought out.

I bet this has happened to many of us. It's my whole life story, I'm now on bank 5 and I have never
requested a change. Started out with home town bank where I got a handshake loan on my first car to the county
bank that bought out the small banks. Then on to another bank who in turn got bought out by Wachovia.
Now there was a fine company with great tech. It was their online investment interface that Wells Fargo now uses, and Wells gets
none of the credit. Marvelous capability to have checking, savings, primary credit card and investment account information all on one page.
None of the credit unions has ever had that level of sophistication.
So all I do is click around with my mouse and the bills get paid and the investments get rebalanced.

Wells Fargo has had some pretty bad management; most of them got fired, and locals are nice.
Lot of hassle to change...and I don't pay any fees of any kind, and get free trades on the investment account, because I get credit for all the
accounts together. But if anyone else offered an online investment interface similar to Wachovia/Wells Fargo, I would sure consider it.