Who do you bank with?

A place to discuss anything... except credit cards!
82 posts
dickey1331
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Location: Houston, TX

Postby dickey1331 » Sat Mar 09, 2013 1:57 am

USAA. I dont know what I would do if I couldnt use USAA.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000


RRH716
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Location: California

Postby RRH716 » Wed Mar 13, 2013 11:19 pm

Bank of america. I personally like them. I have never had a problem with them and have never once been charged a fee with them.
Bank of America: BankAmericard Cash Rewards $700
Capital One: Platinum MC $500 / Cash Rewards MC $500
GECRB: Amazon $600 / Walmart $400 / Paypal $300 / AE $150
Sterling Jewelers: Kay (joint acct) $1000 / Kay (own acct) $400 / Jared $400

swipe_masta
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Location: USA

Postby swipe_masta » Thu Mar 14, 2013 12:55 pm

It's always good to have a CU acct. There is no downside to it. When I used to live in Cali, I banked with Chase and BofA. After I moved out of Cali : ( I closed Chase and kept BofA only because I was grandfathered into the CampusEdge acct that was totally free with all the bells and whistles of a regular acct that costs like $15 now. Pre-2008 banking was awesome! I also have a checking, savings, and CD with a local CU and love them! I tolerate BofA only because they are national. I can find a branch everywhere I go. It's like a safety net to be able to walk in and talk to a person. For this reason, Im still indecisive about opening an online only bank acct.

Sevenfeet
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Location: United States

Postby Sevenfeet » Thu Mar 14, 2013 2:32 pm

BofA (checking, credit cards)
Lafayette Federal Credit Union (mortgage, LOC, some light checking)
Penfed (Credit card, if they give me a LOC I'll open checking with them too)

One thing about Bank of America...their current web site is pretty good. It's not everything I'd want in a modern site, but a lot better than some I've seen recently including most recently, US Bank. Some of these financial company's websites look like web standard from a decade ago.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

brianmm
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Location: Florida

Postby brianmm » Thu Mar 14, 2013 5:44 pm

I bank with Wells Fargo because they gave me my first credit card and a local credit union.

kelvSYC
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Location: San Bruno

Postby kelvSYC » Thu Mar 14, 2013 10:36 pm

My primary Canadian bank is where I got my start in American banking: RBC Royal Bank has an option for Canadian account holders to open a separate US-based chequing account (eventually also savings and money market as well). The chequing account isn't free (it's part of the package deal to link your Canadian and US accounts together), however, but transfer of funds between the US chequing account and my Canadian RBC accounts is free (if I can save $60 per wire transfer, and I transfer once a month to pay off Canadian CCs, I'd do it, right?).

IIRC, most Canadian banks with American subsidiaries (RBC, TD, and BMO) offer or are planning to offer something similar; you can even apply and obtain an American credit card through them (as in issued by their US subsidiary, as opposed to one that's issued by a Canadian bank where all transactions are in US dollars - it is a crappy 0.5% rewards card). I got denied by them for the American CC, though. (This was an era where I knew that I'd be moving to the US from Canada to work, and wanted my banking situation to be cleared up before I actually stepped foot in America.)

That's when they recommended me to a true American bank for which they can use my Canadian credit history to establish American credit (or so they claimed; I have now discovered that it was a lie). That's why I bank with Bank of America on their recommendation.

So for day-to-day these days, I bank with BoA. Long term investments are such is with RBC; I still tend to trust Canadian banking more than I do American banking. Perhaps it's because I find Canadian banks warm and fuzzy while I find American banks cold and desolate...
Current Credit Scores:
VantageScore 3.0 - 760 TU, 764 EX (11-19-16, Credit Karma)
FICO 8 - 747 EX (10-22-16, AmEx statement)
Discover - 750 TU (11-4-16, Discover statement)

Current Credit Cards:
RBC - $8000 CAD
BoA - $13500 USD
Capital One - $2750 USD
AmEx BCE - $4000 USD
Discover It - $8000 USD

DavidNY
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Location: New York

Postby DavidNY » Thu Mar 14, 2013 10:53 pm

kelvSYC wrote:Perhaps it's because I find Canadian banks warm and fuzzy while I find American banks cold and desolate...


Canadian banks were smarter than American banks preceding the bank mortgage meltdown, that's for sure.

Try a credit union. Warm and fuzzy.

kelvSYC
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Joined: Fri Jan 25, 2013 3:10 am
Location: San Bruno

Postby kelvSYC » Fri Mar 15, 2013 2:00 am

It's surprising that I used to live in a country where credit unions were more popular there than probably anywhere else, yet I don't have an account with a credit union (or ATB Financial, which is technically neither a bank nor credit union...).

It's also interesting that I have no idea what the difference between a credit union and a caisse populaire actually is.

(Also, I've been sufficiently scared via stories about how hard pull happy American institutions are compared to similar institutions elsewhere to open an account with an American CU; I just had my history hard pulled twice...)
Current Credit Scores:
VantageScore 3.0 - 760 TU, 764 EX (11-19-16, Credit Karma)
FICO 8 - 747 EX (10-22-16, AmEx statement)
Discover - 750 TU (11-4-16, Discover statement)

Current Credit Cards:
RBC - $8000 CAD
BoA - $13500 USD
Capital One - $2750 USD
AmEx BCE - $4000 USD
Discover It - $8000 USD

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Rina
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Location: New Jersey

Postby Rina » Sat Mar 16, 2013 7:56 pm

Manasquan Savings Bank is my real bank, although in recent years, I've opened accounts elsewhere for promotional offers.
Charge & Credit Cards: 121.8K+ (AmEx Platinum: NPSL; Bank of America Cash Rewards: 50k; PenFed Platinum Cash Rewards: 28.8k; PenFed Pomise 21k; Chase Marriott Rewards: 13.5k; Citi Simplicity 5k; Chase Slate: 3.5k)

Store Cards: 24.9k (The Home Depot: 16.5k; Nordstrom: 6k; Macys: 1.2k; DressBarn: 1k)

LoCs: 19.5k (Credit Union: 17.5k; Tertiary Bank: 2k)

Total: 176k+ (including min 10k tested on AmEx)

V1_Rotate
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Location: Phoenix

Postby V1_Rotate » Thu Apr 25, 2013 10:32 pm

Schwab - Checking & Brokerage
Chase - Checking
Amex- Savings

I used Chase primarily for their brick and mortar locations because Schwab doesn't have any branches that are convenient for me, but the benefits of the Schwab checking account are incredible. They refund the all ATM fees that are charged (all of them, so if you want to take out $40 that is what is deducted from your account. The ATM fee will show up but you get reimbursed at the end of the month). This in an amazing benefit, and one that is great if traveling especially internationally. I used it in Germany last month and the conversion rate was right on. I wouldn't even use a Chase account but since I have direct deposit it's free and I need a close local branch. The free checks at Schwab are nice too. The customer service at both Chase and Schwab has been good, but Schwab is a level above customer service I've received at a bank.

I used to have Wells Fargo accounts and got sick of the constant selling. My roommate used to be a teller there and can attest that they have monthly sales quotas for new/different accounts to existing customers. One day I had to literally fight for my money so I closed the account.



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