Banking

[2-0-Sixx]

As much as it pains me to say, I bank with Bank of Amerika and I'm sick & tired of all their little fees and charges that I continuously find on my bank statements. They even charge me a two dollar "fee" each time I deposit a check with a teller. So they are charging me to put money into my own account?!? Jesus fuck these guys are snakes. I get charged when I use a non-bank of amerika ATM, which in reality I'm getting hit double since there is usually at least a $2.50 fee that the ATM hits me with.

I fucking hate all banks, they are all greedy bastards in my eyes so it's hard for me to distinguish a "good" bank from a "bad" bank.

So I guess I'm asking, in your experience, which banks out there fuck you the least?

 

[Palmer]

This really isn't gonna about to you 2-0-Sixx but anyone out there in the military should check out USAA. I've never heard any complaints and I guess all those little fees you get when you use an ATM, they reimburse you for them.

I feel your pain though dude, I bank with Bank of America and it's for the most part total garbage. Especially cause I'm in Colorado and their aint one fucking branch in this entire damn state. Hense the reason I started calling them the Bank of 49 States.

 

[Gringo Starr]

I use a credit union and i only use it to cash work checks. I dont like my money to be institutionalized. I dont like credit cards either.

 

[nhojsmith]

i would suggest this.....lets says you have 20k total

join a credit union, they usually have lower fees and are not for profit, put 5k in there, or however much you think you may need at one time in case of an emergency to get instant cash.

take the other 15k and put it in a high yield money market account (capital one for instance, but there are many out there www.capitalone.com). Your money will earn about 4.5% and up while the money is in there, and you can write up to 3 checks per month directly out of the money market fund. They also give you a ATM card to use but im not sure how often you can use it.

so now you are earning interest on your money, your money is working for you while you are out working for more money. Now say an emergency comes up and you need 5k, boom, go to your creidt union and get your money. If its not an emergency, then the transfer from your money market back to your checkin account is usually a couple days. so if you are running low on funds in the checking account, you can move money at the end of the month or however you like. This is the way to get a better return on you money, and with interest rates this high, if you are not earning 3 or 4 % on your idle cash from your bank you are losing money because of inflation. I know, it sucks.

The online shit has no fees because they dont need to hire tellers. Everytime i go to my regular bank they ask me to get a cd or some bullshit or upgrade my account, i ask them if they can beat the 5% i make online and they get quiet and just process my transaction.

 

[650Ubeezy]

What the fuck they charge $2 to deposit money into your account? I didn't know that. Fuck that shit.

 

[V]

yea man I feel you all Banks are tryna get every penny out of you but so far my experience with Washington Mutual has been pretty good.

I had an overdraft and went n asked them about that one overdraft per year thing and the lady was like oh you have our older checkin accounts...so she swithced me over took off the overdraft fee and I can still have one more overdraft this year which will be waived...

but still..fuck all banks..

 

[Hutch]

I'm kinda lucky right now - being a student, the bank doesn't charge me any account keeping fees or withdrawl/deposit fees. They tried to pull some shit on me earlier this year and force me to pay fees, but I avoided it by exclusively using internet banking and withdrawing money from my own banks ATMs. My bank card also doubles as a VISA debit card, so I can use eftpos under 'credit card' and they don't charge me for that either.

Shop around and see what deals you can get. I have two accounts, one for saving money and the other for 'spending' it - they pay me 6% interest on my savings account, so I'm actually making money off the bank right now!

 

[ParkBoyz]

I also have a student account and I haven't been in College for over a year now, hahaha! Why don't you sign up to some community college or something and show them your transcripts? After you get your student account, simply drop all of your classes, they ain't gonna check on it..

 

[Hutch]

I also have a student account and I haven't been in College for over a year now, hahaha! Why don't you sign up to some community college or something and show them your transcripts? After you get your student account, simply drop all of your classes, they ain't gonna check on it..

Student fees would cost more than the bank fees in the first place! Not sure about your student system though, whether you are required to pay student fees or not...

 

[Mac Jesus]

I use presidents choice they don't charge any fee's. I have a free checking and saving account that collects 4.0 interest. only downside is they don't have any bank tellers, so everything is done online or through an ATM machine or the telephone. But that is cool with me because I do not like standing in line to talk to a teller anyways.

 

[ParkBoyz]

Student fees would cost more than the bank fees in the first place! Not sure about your student system though, whether you are required to pay student fees or not...

I don't pay any fees what so ever, I signed up in Oakland..

 

[baysavage]

credit union

 

[2-0-NINE]

206 I feel you, they fucking charge me 2 bucks everytime, I make a transactions from my savings to checkings more than 3 times. Washington Mutual sucks, Wells Fargo Sucks, I want to know the same thing, what's the best Bank out there?

 

[XxtraMannish]

i would suggest this.....lets says you have 20k total

join a credit union, they usually have lower fees and are not for profit, put 5k in there, or however much you think you may need at one time in case of an emergency to get instant cash.

take the other 15k and put it in a high yield money market account (capital one for instance, but there are many out there www.capitalone.com). Your money will earn about 4.5% and up while the money is in there, and you can write up to 3 checks per month directly out of the money market fund. They also give you a ATM card to use but im not sure how often you can use it.

so now you are earning interest on your money, your money is working for you while you are out working for more money. Now say an emergency comes up and you need 5k, boom, go to your creidt union and get your money. If its not an emergency, then the transfer from your money market back to your checkin account is usually a couple days. so if you are running low on funds in the checking account, you can move money at the end of the month or however you like. This is the way to get a better return on you money, and with interest rates this high, if you are not earning 3 or 4 % on your idle cash from your bank you are losing money because of inflation. I know, it sucks.

The online shit has no fees because they dont need to hire tellers. Everytime i go to my regular bank they ask me to get a cd or some bullshit or upgrade my account, i ask them if they can beat the 5% i make online and they get quiet and just process my transaction.

Listen to this man.

 

[XxtraMannish]

I'm kinda lucky right now - being a student, the bank doesn't charge me any account keeping fees or withdrawl/deposit fees. They tried to pull some shit on me earlier this year and force me to pay fees, but I avoided it by exclusively using internet banking and withdrawing money from my own banks ATMs. My bank card also doubles as a VISA debit card, so I can use eftpos under 'credit card' and they don't charge me for that either.

Shop around and see what deals you can get. I have two accounts, one for saving money and the other for 'spending' it - they pay me 6% interest on my savings account, so I'm actually making money off the bank right now!

What bank is this? That's unheard of.

 

[LA Dodgers]

check out this link

http://clarkhoward.com/shownotes/category/7/18/211/

Excerpts From Clark's Shows: banks & banking


Nov 14, 2006 -- Banks reeling you into "investment areas"
All around the country, banks have been steadily losing market share. Today, banks have only about 20 percent of the personal assets out there. That’s because banks are good for checking accounts, and that’s about it. So, the banks have been pushing investment products as a way to make money. In fact, banks are setting up “investment areas” inside their branches where commissioned salespeople try to sell investments. When customers come in, tellers direct them to these areas to open investments. The bank then creates a fee income by selling high-commissioned products that are not so good for your wallet. In addition, the products are not insured by the FDIC. You may think that because you’re buying an investment in a bank, the investment is secure. But it’s not. Not to mention the fact that you could lose money on the investment. If you’re going to do business with a bank, just keep it to a checking account. And remember that hometown, community banks offer better fees and better customer service than any of the mega banks out there.

 

[|GOD|||ZILLA|]

why don't you just get direct deposit.. that would help a little.

 

[Hutch]

What bank is this? That's unheard of.

It's a South Australian Bank called, aptly, 'Bank SA'.

I used to be on a scheme called 'incentive saver', whereby they pay you 3.05% interest per annum (accumulated daily and added monthly). I recently found out that there was a savings account called 'power saver' which pays 4.05% interest, but a week later my brother went in and they told him of this account, which no-one knows about (I checked their website too and I couldn't find it!) called an 'express saver' which pays 6.05% interest so I got onto that. The catch is that it's an internet/phone banking account only. That doesn't matter though, because I can transfer money from the express saver account into my normal account online and it doesn't affect my interest.

 

[JLMACN]

i just recently changed my bank to Community America from Commerce..

Commerce sucks...fucking asssssssssssssssssssssss....

5000

 

[Deadpool]

As people have said . . . switch to a credit union.


A credit union is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. Only a member of a credit union may deposit money with the credit union, or borrow money from it.

A credit union differs from a traditional financial institution (banks, savings and loan, etc.) in that the members who have accounts in the credit union are the credit union's owners. A credit union is a co-operative institution, with policies governing interest rates and other matters set to benefit the interests of the membership as a whole. As such, credit unions have historically marketed themselves as providing superior member service and being committed to helping members improve their financial health. Credit unions typically pay higher dividend (interest) rates on shares (deposits) and charge lower interest on loans than banks.[1]. Credit union revenues (from loans and investments) do, however, need to exceed operating expenses and dividends (interest paid on deposits) in order to maintain capital and solvency. The lowered profitability of credit unions relative to banks is indicative of credit unions' focus on serving members, whereas banks must be concerned with maximizing profits in order to enhance stock performance.