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07-22-2016, 08:39 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,141
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I'm happy with Discover Bank.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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07-22-2016, 09:41 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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We've been using Capital One (since it was ING). Even after the transition it's been good. No problems. Decent interest rate. Easy to transfer money in and out of.
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07-22-2016, 11:37 AM
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#4
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,339
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I've been using a credit union located where I used to live, and a local bank. The credit union account has been active for 30+ years and I haven't been there for at least 15 years. The local bank checking account we opened simply because they have ATMs all over the place and a reasonable fee structure.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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07-22-2016, 11:49 AM
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#5
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Dryer sheet aficionado
Join Date: Mar 2014
Location: Boston Area
Posts: 30
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I'm similar to mpierce, online account with Capital One since it was ING.
I hold most of my emergency savings in this account and the Bill Pay options work great, from direct payments, email money to an individual and sending paper checks. All at no cost.
Over the years, I've held their CD's also, but the savings rate is equal or better than the short term CD, so I haven't purchased any in a while. I don't use their investment tools though, just banking.
Capital One is also linked to my investment accounts and dividends are direct deposited.
__________________
"If you were to kick the person who causes you the most trouble, you wouldn't be able to sit for a week." Alfred E. Neuman
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07-22-2016, 12:56 PM
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#6
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Recycles dryer sheets
Join Date: Feb 2013
Location: Boise
Posts: 431
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Thanks everyone for your replies.
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07-22-2016, 01:03 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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What do you guys think of Ally?
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07-22-2016, 01:50 PM
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#8
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 927
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 Quote:
Originally Posted by rec7
What do you guys think of Ally?
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I'm happy with them. I initially signed up for a savings account with them, since they had the best interest rate (still only a pitiful 1%).
I recently signed up for a checking account because BofA was going to start charging me $25 per month for a checking account. That's been painless, and they'll reimburse $10 per month for ATM fees from other banks, so I can still use the BofA branch near my house to get cash if needed. The only annoyance with Ally checking is that when you request a check refill (which is free), they send a single book of checks, rather than the 100 we'd get from BofA. We've renewed online several times, and they come quickly, so it hasn't been a problem.
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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07-22-2016, 02:19 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2012
Posts: 2,593
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Ally is very good. Definitely would recommend to anyone looking for an online bank.
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07-22-2016, 02:29 PM
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#10
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,715
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Quote:
Originally Posted by Sojourner
Ally is very good. Definitely would recommend to anyone looking for an online bank.
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I concur and have used them for years now.
__________________
*********Go Yankees!*********
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07-22-2016, 03:50 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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+1 for Ally. We park some cash in their online savings at 1%. Nary a problem.
Most of our actual "online banking" utilizes a Cash Management Account (CMA) at Fidelity. We also park $1500 (to avoid fees) in a Wells Fargo checking account for that rare occasion when we need some type of brick-and-mortar service that Fidelity does not offer.
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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07-22-2016, 03:59 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2015
Posts: 2,325
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Quote:
Originally Posted by aja8888
I concur and have used them for years now.
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+1 for Ally - their customer service is far above average, especially on the phone (short wait, competent people).
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07-22-2016, 04:17 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,323
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I currently have gsbank (formerly GE Retail bank). It is ok. Their online transfers take a bit longer than I would like but the real drawback for me is not having any IRA options. For that reason I'll probably switch to Ally.
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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07-22-2016, 04:39 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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I do it all through Fidelity. Checking, credit card, investments, all of it. I really like having it all in one place. It makes it so easy. They also make it easy to have in one place. No ATM fees, free checks, etc.
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07-22-2016, 04:44 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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Quote:
Originally Posted by COcheesehead
I do it all through Fidelity. Checking, credit card, investments, all of it. I really like having it all in one place. It makes it so easy. They also make it easy to have in one place. No ATM fees, free checks, etc.
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I agree and we do the same. But any cash not needed for the next 30 days or so is held at Ally earning 1%. Fidelity has no similar offering that I'm aware of.
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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07-22-2016, 05:17 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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By now I have online high yield savings accounts at American Express Bank, Ally Bank, and Synchrony Bank. Synchrony is paying 1.05%. I also have some CDs at Synchrony.
They all work well so far.
__________________
Retired since summer 1999.
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07-22-2016, 05:23 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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For those of you that only use online banking what do you do when you need a notary or a medallion signature guarantee?
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07-22-2016, 05:38 PM
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#18
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Recycles dryer sheets
Join Date: Oct 2014
Location: San Antonio
Posts: 371
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We are with USAA ago all is online. However, I recently opened a checking account with a local bank at the grocery store I frequent with around $1,000. Mainly to deposit stashes of coins to the account without the 10% fee and exchange Canadian and Mexican money for American when I return.
Sent from my iPad using Early Retirement Forum
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07-22-2016, 05:40 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2014
Posts: 7,369
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Online Banking
Quote:
Originally Posted by Just_Steve
For those of you that only use online banking what do you do when you need a notary or a medallion signature guarantee?
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UPS generally has notary service. Haven't needed a medallion guarantee since I liquidated a mutual fund in 1979!
I have USAA; at one time they allowed people with no military connection to get checking accounts. They may have stopped since. I'm very happy with them.
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07-23-2016, 05:35 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,181
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Quote:
Originally Posted by Just_Steve
For those of you that only use online banking what do you do when you need a notary or a medallion signature guarantee?
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Notary: My insurance agent's office, county administration office, local AAA office with membership, UPS store. TD Bank offers free notary service to anyone.
Medallion: Local Fidelity office with account.
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