....can somebody help me and give me advice on the pros and cons of this?
2006-12-07 03:49:41 · 11 answers · asked by im always right ya know 1 in Business & Finance ➔ Personal Finance
try online savings account- emigrantdirect.com
2006-12-07 03:51:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
We went from conventional banks to a credit union about 6 or 7 years ago. I can't say enough good about ours.
They do everything a conventional bank does. Credit cards, mortgages, debit cards etc.
We to Internet banking, I do not have to go to the Post Office (no stamps are used) I can schedule payments way in advance if we are going out of town, no worrying about missing the post man or late payments should it not be delivered on schedule.
It has brought peace to us and they have a truly excellent service. Just be sure to have your back up account as your roll over account, so you can't ever bounce a check. The only thing we ever pay for is if we have to buy checks, but with debit card use, I only write a check every month or two. Of course if you bounce checks there would be a a charge. That is why you have a roll over account with money in it to avoid any overdraft charges.
I don't even go to or know anyone at the bank because our service is so smooth. I did lose my debit card once and had to go get a new one.
Best wishes and Happy Holidays.
2006-12-07 04:05:25 · answer #2 · answered by ? 7 · 0⤊ 0⤋
I've found that banks are very impersonal and are more resticted in what they can do for you, one example, before my wedding I put all my money in my credit union and figured that what I needed I would get out of the versateller, but we went for a package deal where we needed more money than the machene would give, so I called the credit union and the punched there machene and was able to take out 1000.00 dolars, bank no way you should have seen the people in line at the machene when I took that out,
2006-12-07 03:59:37 · answer #3 · answered by matt_cruz@sbcglobal.net 5 · 0⤊ 0⤋
There are no cons to using a credit union over a bank.
2006-12-07 09:27:11 · answer #4 · answered by Rob 1 · 0⤊ 0⤋
Banks are there mainly for commercial interests and turning a profit. They really don't care about you unless you have LOTS of money to place in their institution.
Credit Unions are more consumer oriented, have fewer fees, and more non-profit in nature. They are ususally affiliated with particular groups of people ( unions, local area or town, municipal employees, etc.) and in general, working for you, not the customer who can bring them the most money.
Shop around and find a credit union that you are eligible for, or check with friends and family who are credit union members (most allow family members to be members of the credit union.)
I have been a professional banker and also worked in savings and loans and a credit union. Trust me, regular people are better off with credit unions.
2006-12-07 03:57:37 · answer #5 · answered by Darlene G 3 · 0⤊ 0⤋
a number of issues a million) if youre that paranoid you should save you money lower than the mattress. they're a lot less probably to make accounting blunders than you're, this is all performed through a pc software that replaced into examined with techniques from accountants. in the journey that they lie this is going to become obvious and shoppers will withdraw their money. 2) putting you money interior the business employer isn't making an investment; its storage. 3) ask for the receipt each and each and every time in case you opt for to get it each and each and every time. on the grounds that checks take time to sparkling you'll by no skill get your: "as-good-as-gold reliable rfile" 4) your stability is actual not up the 2d after a withdrawal. If there is any economic employer that does this with techniques from all skill tell me! And, as earlier reported, you could not make certain that your stability will be up accurate after a deposit. 5 (your #a million)) this isn't federal regulation for the above causes and the actual shown truth that banks have a good foyer. 6 (your #a million)) "I shouldn't ought to gripe about this on Yahoo! solutions" you're accurate. in truth you shouldn't gripe about it in any respect. 7 (your #2)) no human being else concerns about this because no human being else is this paranoid. 8) in case you opt for evidence of ways a lot you've on your account try searching at your month-to-month fact or bypass and get it on-line. get over the paranoia and settle for it is how the banking gadget works. both take section or do not yet do not muddle up Yahoo solutions including your complaining.
2016-11-30 06:33:48 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Credit Unions pay more on savings.
2006-12-07 05:31:48 · answer #7 · answered by sis79 2 · 0⤊ 0⤋
Big limitation to Credit Unions can be availability of ATMs. Find one that will reimburse your ATM fees unless you live next door to the CU!.
2006-12-07 08:51:34 · answer #8 · answered by kramerdnewf 6 · 0⤊ 0⤋
I once was in a credit union, it was good didnt have any fees and was kind about loaning money. Good for You! You go!
2006-12-07 04:02:43 · answer #9 · answered by mycus2000 2 · 0⤊ 0⤋
It is wise to deposit your money in a credit union because CU are not for profit, they work to be efficient, where as bank are for profits.
2006-12-07 03:53:30 · answer #10 · answered by Wael 3 · 0⤊ 0⤋
credit unions have less fees - do it
2006-12-07 03:52:43 · answer #11 · answered by Anonymous · 0⤊ 0⤋