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Old 09-27-2010, 06:25 AM   #21
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Any additional thoughts on OTHER THAN A CREDIT UNION?
Are you saying that you prefer a bank to a credit union? I'm curious what reason would make a bank take precedence.

Or are you saying that you're seeking contrary thoughts on why anyone would possibly go with a bank?
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Old 09-27-2010, 11:14 AM   #22
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Large Bank like Chase.

I'm intrigued with your preference for a large bank. If the only criteria is no ATM fees, I'd suggest you look at every thing else you wouldn't get with Chase:

Lower fees overall
Concern about you as a small saver
Easy to work with
Competitive savings rates

If you have smaller banks in your area, you may want to look at what they offer. To assure you are dealing with a bank that has a good financial standing, check them out at Bank Ratings or at Mortgage Rates Credit Cards Refinance Home CD Rates by Bankrate.com

-- Rita
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Old 09-27-2010, 11:16 AM   #23
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Are you saying that you prefer a bank to a credit union? I'm curious what reason would make a bank take precedence.

Or are you saying that you're seeking contrary thoughts on why anyone would possibly go with a bank?
I'm saying I'm seeking a "place" that will allow for me to hold a limited amount of money - say $2,000. I use that to pay bills and that's it. So, I don't care about car/house loan rates. I don't have a car loan and my mortgage rate is very low, so I'm not even considering refinancing. Put simply, I just need a place to hold those funds while I pay bills.

I want to do this for no fees and I don't care about interest as it's trivial at that rate of savings anyway. I was hoping to find someone that would "incent" me to come over to their business -- $100 to sign-up, etc.

ING appears to have a good deal. $50 to join, no fees for using ATM's (limited a bit, though), person-to-person bill pay which I would use, true bill pay, overdraft fees are very small -- $.15 for the incident I just had that cost me $100 at Fifth Third. Other than dealing with an online bank, I'm not seeing a lot of negative...

Thanks!
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Old 09-27-2010, 11:17 AM   #24
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Originally Posted by Gotadimple View Post
Large Bank like Chase.

I'm intrigued with your preference for a large bank. If the only criteria is no ATM fees, I'd suggest you look at every thing else you wouldn't get with Chase:

Lower fees overall
Concern about you as a small saver
Easy to work with
Competitive savings rates

If you have smaller banks in your area, you may want to look at what they offer. To assure you are dealing with a bank that has a good financial standing, check them out at Bank Ratings or at Mortgage Rates Credit Cards Refinance Home CD Rates by Bankrate.com

-- Rita

Good points you make about what I wouldn't get. See my post below -- any thoughts on ING?
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Old 09-27-2010, 12:59 PM   #25
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Originally Posted by startingover View Post
I'm saying I'm seeking a "place" that will allow for me to hold a limited amount of money - say $2,000. I use that to pay bills and that's it. So, I don't care about car/house loan rates. I don't have a car loan and my mortgage rate is very low, so I'm not even considering refinancing. Put simply, I just need a place to hold those funds while I pay bills.

I want to do this for no fees and I don't care about interest as it's trivial at that rate of savings anyway. I was hoping to find someone that would "incent" me to come over to their business -- $100 to sign-up, etc.

ING appears to have a good deal. $50 to join, no fees for using ATM's (limited a bit, though), person-to-person bill pay which I would use, true bill pay, overdraft fees are very small -- $.15 for the incident I just had that cost me $100 at Fifth Third. Other than dealing with an online bank, I'm not seeing a lot of negative...

Thanks!
You use your checking account for the same reason I use mine. I keep about $1,500-$3,000 in the account to pay bills. I don't care about earning interest because it is too trivial to begin with. Any time I have a decent surplus in there, I quickly switch it out electronically to an investment which pays more.

My bank, BofA, has a local branch nearby (walking distance) so I can deposit checks I get once in a while. I also have to get quarters for the laundry once in a while. When I needed a bank check for a large purchase (i.e. car), they were there. If I need face-to-face contact with a customer service rep, they are there. I use the ATM there to get cash every few weeks (I am not into using plastic for my day-to-day activities, and some of them are cash-only).

I pay no monthly fees, no ATM fees, and earn no (miniscule) interest on the little I keep with them. I don't pay to use a bank teller or talk to a rep. I don't pay to receive paper bank statements although I will soon have to go online to view and print out the few canceled checks I write each month (or pay BofA to keep sending me the images of the checks they used to send me until 2005).

Because I have direct deposit of two dividend payments (only one required), I don't have any minimum balance issues for their MyAccess Checking account.

Other than the upcoming canceled checks issue, BofA provides me with everything I need from a local bank.
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Old 09-27-2010, 05:30 PM   #26
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Good points you make about what I wouldn't get. See my post below -- any thoughts on ING?
I like ING. We use them for our condominium association savings account and CD accounts. Very easy to work with. Rates are reasonable. Can't tell you about cash access as our business account is tied to our checking account at (Chase).

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Old 09-27-2010, 08:08 PM   #27
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Schwab Bank you can use any ATM and they reimburse the fees. Currently they are .5% interest rate for checking. Not aware of any current bonus to join.
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Credit Union in your area?
Old 09-27-2010, 09:33 PM   #28
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Credit Union in your area?

Some credit unions have great deals if you qualify.
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Old 09-27-2010, 09:40 PM   #29
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I just saw a very cute commercial for Ing checking, so it must be good.
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