Midpack
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We plan to relocate this year, and we’re wondering if it’s time to drop brick-n-mortar banking. I know that’s heresy to many here and I expect poll answer #3 will be the majority. For others:
- We don’t need them for loans anymore, they bundle and sell them anyway. There are online loans but I don’t envision taking on a loan again.
- We haven’t had savings accounts there for years, online bank yields are far better. Don’t need local banks for CDs or MMs either.
- I don’t care about being able to walk into a physical bank.
- We use the local ATM weekly, but online banks offer ATM/debit cards without fees. We could use credit cards instead of cash way more than we do too - like many younger folks.
- We use auto bill pay with every service we can. We still have to write a few checks, that might be the only obstacle?
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