Relocating, Need a new bank account

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credithype
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Re: Relocating, Need a new bank account

Postby credithype » Fri Jun 12, 2015 11:36 pm

whit wrote:You mentioned needing a bank that would fit your needs. What banking needs do you have, how does your current local branch in Hawaii service you--what do you like about that bank and what would you like to see implemented.

Understand that banks in the U.S. is going through some changes gradually but overall it will be a pretty big impact.

I myself, have no need for going into the bank and almost never take any cash out of atms so technically my non-brick and mortar bank would do the trick.

However, even though it's FDIC insured I do not want to suddenly find it brought out by another big bank and so I have a few accounts, in the cloud and on the sidewalk.

You have to let us know what are the deal breakers for you and it may be easier to break down because to be honest, even if you move around a lot; depending on how you use your accounts you can always go small and local or in the cloud or one of the big fours.




obxfisherman wrote:As others have stated more details would be beneficial. Without knowing anything a semi popular online bank for non military, is Ally Bank. Assuming you don't deposit cash. For Military my personal vote is Navy Federal Credit Union. They are wonderful. Not necessarily present in the Midwest, since they are near military bases generally, so it would be treated again like an online bank, but only if you are military.

For a non online bank with plenty of branches I would recommend Wells Fargo. Why Wells Fargo? Because you say you are going to live in the midwest, with no specific location noted, and Wells Fargo does a good job at covering the midwest. Generally speaking no matter where you move to in the United States a Wells Fargo will be there, although as others have stated banks are going through a transitional faze now that will take some time. I would have recommend BoA but their foot print isn't that good in the Midwest. If they happen to be where you're going to be staying then i'd choose them, just because I like their interface, having all accounts (checking, savings, and investment) accounts all in one..lots of people dislike BoA however.

Again more info would be helpful but that is my opinion based on personal opinion.


My needs are pretty basic for the most part. I do need the occasional time where I may need cash and need access to an ATM quick. Also, for the odd times that I need to go into the branch to deposit cash. I don't have any investments, IRA, etc yet as I am paying off my school loans. But I am looking to start my ROTH hopefully in the next year or two. Still deciding between Vanguard and Fidelity.

My current situation is that I do my primary banking at one situation where I get my DD and pay all my bills through my checking. I also have other accounts with another local Hawaii institution holding my E-funds. So that is covered. I am just looking to move my E-funds to probably an online bank. Still deciding between Charles Schwab, Capital 360 and ally bank. None of em really appeals to me yet. I will probably

Will moving states based upon a PHD program and also after working and completing my Masters in Colorado. I will be relocating to Colorado for work and educational purposes. I am not military so NFCU is out. I really do like NFCU though. They seem to have their stuff together and not to mention the better rates. But I am looking at PHD programs towards the East Coast and may seem that I will be applying as early as next summer.

As far as BoA, I thought about it but yes, their footprint in Colorado is not that great. Several of them actually closed down which may not be a good sign.
I am leaning towards Chase because I had my CHASE freedom card for 3 years with them and they provided excellent customer service to so far. *cross my fingers* it keeps up.

So I may do a mixture of what you folks have mentioned. Maybe go to a brick and mortar for in person needs, open an online banking to fill in those gaps that I don't get when working with my brick and mortar. Just got to figure out which would be the best option for me right now since I probably won't be stable living until maybe 5-7 years out.


travisrauh wrote:Though they don't have any actual physical branches, I'd still strongly suggest Charles Schwab if you're comfortable with the thought of online/mobile banking. They're available 24/7 with superb 100% US customer service, refund all ATM fees globally, no foreign transaction fees on international debit card purchases (now with C&S), etc. I've been blown away with every customer service interaction I've had with them and I'm usually not very easily impressed. There are only two downsides I can think of - one of which is the only thing I can think of that might possibly turn you off. 1.) You do need to open a brokerage account with them (you can request a checking account at the same time during application) - though you don't need to use it and you don't need to keep any funds in that account. 2.) Since there are no physical branches outside of Nevada, you cannot easily make cash deposits (you would need to mail that). Check deposits are easy and pretty quick (funds usually available within 30 minutes in my experience) when done via the mobile check deposit on their mobile app.


Impressed, I will start looking more into Charles Schwab.


whit
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Re: Relocating, Need a new bank account

Postby whit » Sat Jun 13, 2015 10:19 am

Chase is big on east coast particularly New York and Florida as well as Colorado; I hope they continue to give you excellent customer service but tbh it's always dependent on the branch when you get banks that big. Personally I wouldn't set foot in one unless I absolutely have to since my company forced me to do dd..cos I do like going in to physically deposit checks with the tellers.

Schwab is great but the new app update awhile back is making me think majority of their clients are older folks who have to have large font so the format is killing me.

I like that they finally decided to hide the account numbers on mobile app but I hate the platform.

Vermonster
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Re: Relocating, Need a new bank account

Postby Vermonster » Sat Jun 13, 2015 6:45 pm

No complaints about Chase from me. We have 2 savings, 2 checking, Freedom, CSP, and 2 Auto Loans with them. Customer service is top notch, especially because we can call the number on the CSP and get a live American on the line without it ringing. My only complaint is that they never refund an ATM fee from another bank. I know, first world problems, but you do see a few other banks refund like one a month.
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credithype
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Re: Relocating, Need a new bank account

Postby credithype » Sun Jun 14, 2015 3:32 am

Vermonster wrote:No complaints about Chase from me. We have 2 savings, 2 checking, Freedom, CSP, and 2 Auto Loans with them. Customer service is top notch, especially because we can call the number on the CSP and get a live American on the line without it ringing. My only complaint is that they never refund an ATM fee from another bank. I know, first world problems, but you do see a few other banks refund like one a month.


Did you have to open your account in person? Or can you open it online. I tried inputting my current zip and it did not work. Was wondering if you got any sign-up bonuses with them. If so, how did you get them. I was hoping I would apply in person to try and get the sign up bonuses.
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Vermonster
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Re: Relocating, Need a new bank account

Postby Vermonster » Sun Jun 14, 2015 4:37 pm

I did it in person. I went in to apply for the Freedom because it was my first application and I had a ton of questions. The CSR I worked with convinced me to open a checking account first, then app for the Freedom. (At that point I was so pissed at TD Bank, it was an easy sell). At the time I was a Vermont resident living in New Jersey. It was confusing as to what address I should use. Online it wouldn't let me use my VT zipcode. There was no signup bonus for the checking, but later when we added a savings account I think we got $50 if we had a monthly deposit. We opened every account in a branch.
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PhillyPhoto
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Re: Relocating, Need a new bank account

Postby PhillyPhoto » Mon Jun 15, 2015 11:03 am

I know you said you plan on moving, so there would be a little more effort involved, but have you considered a local bank or credit union? I had BoA for years and finally switched to a local bank about 4-5 years ago. I get all my non-bank ATM fees refunded every month and there no monthly fees with DD (which seems to be standard anyway). That alone made it worth the switch. I had been using Simple for a while too (I still have the account, but there's nothing in it). They're a strictly online-only bank, and if you're not dealing with cash all that much, they're perfect. I only go to a branch for my local bank if I need a Notary Public seal on anything, and 1 time I needed a replacement card and they did it right there at the branch. I don't overdraft and with them refunding all ATM fees, I'm not sure how they're making any money off me, but I'm not complaining!
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CC Deville
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Re: Relocating, Need a new bank account

Postby CC Deville » Thu Jun 18, 2015 12:03 am

"will moving states based upon a PHD program and also after working and completing my Masters in Colorado. I will be relocating to Colorado for work and educational purposes."

Yay, just what Colorado needs, more people. The Denver area is quickly turning into Los Angeles, more and more people arriving everyday; high cost of housing (if you can find any!), traffic etc etc..... :rant:

BofA is actually adding branches in Colorado. They already opened one in Denver at Cherry Creek and have so far announced one in the Denver suburb of Highlands Ranch (Littleton) and Boulder with more to come.

With remote deposit capture and the fact that more BofA branches are coming, I would recommend them or Chase. Another option is a credit union; they are all connected these days, so you can keep your HI credit union and when you get to whatever state you end up in you can continue to conduct your business with them at a shared branch.

If you are going to be all over the states, then BofA, Chase or Wells Fargo would be a good choice as they are practically in every state now.



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