I hate Bank of America, the fees are ridiculous, in fact, I hate banks period. Does anyone know of a good bank, how is Suntrust, or Regions, or US Bank? What do you think of credit unions or things like that.
2006-11-14 03:59:37 · 13 answers · asked by MadameJazzy 4 in Business & Finance ➔ Personal Finance
BOA is a really good bank. I have a checking account, credit card though them for 10 years so far. BOA is a big bank and banks make money only one way though fees. Considering they are offering free checking accounts with free billpay as a drawback you are hit up with fees. I've never paid a fee for 3 years so far. That is because YOU FOLLOW THE RULES AND READ THE SMALL PRINT. A stupid customer is the best customer. If everyone was smart BOA would be out of buiness. If you don't want fees go with a credit union at your employeer or small bank/online bank. They charge little to no fees due to low overhead but the convience is gone. Less ATMS, blackouts etc....
P.S. I have my savings account though ING direct. They have probably the highest savings next to emmigrant direct. Countrywide has I belive 5.25% for mortgage holders. I don't want to go there because you have to maintain 10K an I don't know if any emergency may pop up...
2006-11-14 04:03:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I've been banking at various banks for 20 years and have NEVER paid any fees. Why? I don't bounce checks, use another bank's ATM, and always pay on time. One more thing, if you use a debit card you have to know what your checking account balance is on a daily basis so you don't get slapped with fees. Forgo the debit card and use a credit card instead. You'll get one monthly statement on all your purchases and then pay it all off every month.
One more item, if you travel a lot, BofA has ATMs across the US. If you use a local bank or credit union, you'll pay fees when you use another bank's ATM.
2006-11-14 12:23:38 · answer #2 · answered by Steve R 6 · 1⤊ 0⤋
There are ways you can avoid charges at Bank of America, but you need to ask instead of getting mad at them. They are like one of the worlds largest banks, they must be doing something right! What fees are you referring to, they have options for free checking accounts, if you are getting bounced check fees, that is your fault not the banks, I think their fees are right there with other banks, you have to remain competitive. If you are looking for convenience, you can't get more convenient than Bank of America. they have ATMs every where, where are the ATMs for a local bank or credit union if you travel to the next city?
Any other fees that you may be charged are all in the brochure they give you when you open you account, you just have to read it. No one to blame but yourself if you don't. Any bank or credit union you go to will have fees, no matter what, if you don't ask or don't read disclosures you will never be happy at any bank or credit union.
Your best option is a Serta!
2006-11-15 10:59:10 · answer #3 · answered by dakotasky99 2 · 1⤊ 1⤋
I bank at US Bank and like it so far- i would go have a meeting with one of their personal bankers and have a list of questions ready to ask. I have heard good things about credit unions too though
2006-11-14 12:09:42 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Credit Unions 100%.
They are definitely client friendly, do not rake you over the coals with charges and are willing "understand" situations much more readily than FOR PROFIT banks.
If you qualify for a Credit Union... do it... NO QUESTION!
2006-11-14 12:11:48 · answer #5 · answered by kiltboi 3 · 1⤊ 0⤋
credit unions are the best. i was the same as you and a co-worker got me to open an account with eastern financial credit union of florida. it is awesome. the checking account is free and u dont have to open with as little as $5.00. they offer saving accounts, checking, christmas club, vacation club, the interest rates are great. once you have been a member for a while, they offer great loans offers.
they are totally worth it. and they also have bill pay, online free checking and banking.
2006-11-14 12:04:38 · answer #6 · answered by lasalle_1986 4 · 1⤊ 0⤋
Every bank has its faults, write down what you want or are looking for in a bank. Go in and talk to them. See what they have to say, also tell them of your concerns.
No one has a perfect bank. Maybe attend a financial education class in your area to help you manage your accounts and give you helpful insight.
2006-11-14 12:05:27 · answer #7 · answered by Julie 3 · 2⤊ 0⤋
me too.....I love Washington Mutual. Credit Unions are the best. Stay away from Wells Fargo, they are as bad as B of A!
2006-11-14 12:28:43 · answer #8 · answered by WitchTwo 6 · 1⤊ 0⤋
Wachovia is a good bank. Federal credit unions are good too.
2006-11-14 12:07:35 · answer #9 · answered by Halo 5 · 2⤊ 0⤋
Try your local credit union. You don't have to be a member of a union to join one.
2006-11-14 12:08:36 · answer #10 · answered by Anonymous · 1⤊ 0⤋