Bank of America for their ATM network, and a local bank (Baltimore County Savings Bank) for their reward checking account.
D1gger
Diamond Member
- Oct 3, 2004
- 5,411
- 2
- 76
ViviTheMage
Lifer
Currently using Chase and BofA. Sadly, had my second case of fraud with Chase on 1/20 (second time in 7 months) where someone wired out a VERY significant portion of our joint savings account. So that relationship may be short lived. Been with BofA since it was Bank Boston, then Fleet...
Anyone got any suggestions for a bank in the NJ/NYC/Northeast as a solid alternative?
Anyone got any suggestions for a bank in the NJ/NYC/Northeast as a solid alternative?
kranky
Elite Member
- Oct 9, 1999
- 21,019
- 156
- 106
Credit union.
A good friend just changed from his "big" bank to the same credit union after this incident a couple weeks ago.
He brings in a check to cash. It was a few thousand $, but no bigger than many other checks he had cashed there (he uses cash to buy antiques). He has banked there for many years, knows all the tellers, knows the manager. The teller sees something on her computer screen and goes to get the manager. The manager comes over and tells my friend he can't cash that check because he doesn't have enough money in his personal account to cover it in case it bounces.
He tells them to look at his business account, where he has many times that amount. Manager says well, the check isn't made out to your business, it's made out to you personally. He stared at the manager for a minute, then the manager says, OK, deposit the check in his business account, then write himself a check from the business account to get the cash. My friend is not carrying around blank checks so that's not an answer.
He asks why this is a problem when he has done the same thing many times over the years. The manager shrugs and says the computer won't let us cash it because you don't have that amount available in your personal account.
So he closed his accounts and moved to the credit union, where they told him that scenario would not cause any problems, they would be happy to accommodate him, and by the way, could he use a $50,000 line of credit for his business?
A good friend just changed from his "big" bank to the same credit union after this incident a couple weeks ago.
He brings in a check to cash. It was a few thousand $, but no bigger than many other checks he had cashed there (he uses cash to buy antiques). He has banked there for many years, knows all the tellers, knows the manager. The teller sees something on her computer screen and goes to get the manager. The manager comes over and tells my friend he can't cash that check because he doesn't have enough money in his personal account to cover it in case it bounces.
He tells them to look at his business account, where he has many times that amount. Manager says well, the check isn't made out to your business, it's made out to you personally. He stared at the manager for a minute, then the manager says, OK, deposit the check in his business account, then write himself a check from the business account to get the cash. My friend is not carrying around blank checks so that's not an answer.
He asks why this is a problem when he has done the same thing many times over the years. The manager shrugs and says the computer won't let us cash it because you don't have that amount available in your personal account.
So he closed his accounts and moved to the credit union, where they told him that scenario would not cause any problems, they would be happy to accommodate him, and by the way, could he use a $50,000 line of credit for his business?
Just out of curiosity, any reasoning? I have noting against capital one, just wondering if there is anything that stands out in your mind that you like about the bank.
- Aug 4, 2000
- 31,037
- 2,688
- 126
I have a funny feeling you are talking about Wells. I get the run around there sometimes, but the friendly manager always takes care of me (free Notary, etc).
gorcorps
aka Brandon
- Jul 18, 2004
- 30,741
- 456
- 126
I've used a local bank for most of my life, but recently started at Chase because they're everywhere. My parents have Wells Fargo and don't care for it much at all. They've had a number of issues with deposits getting "lost" for multiple weeks causing all sorts of issues. They just seem to take their own damn time putting those numbers in your account where as other banks follow a pretty strict time of when to expect your money to appear.
their service is good. they dont try to milk you with monthly maintance fee. oh...they did gave me $300 bonus to open the account.
Bank of America, lots of ATM locations for check deposits and cash withdrawals.
Sovereign Bank, PayPal.
ING Direct, the really active account.
Sovereign Bank, PayPal.
ING Direct, the really active account.
InflatableBuddha
Diamond Member
- Jul 5, 2007
- 7,416
- 1
- 0
regional/local bank.
I started my account there before I had a license because it was the only one in walking distance to my parents house and I haven't felt like going through the hassle of switching even though I could probably get better deals/rates elsewhere.
I started my account there before I had a license because it was the only one in walking distance to my parents house and I haven't felt like going through the hassle of switching even though I could probably get better deals/rates elsewhere.
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