what is a good bank?

Question

im 16 and wanna start a bank account and i want good credit for when i turn 19 whats a good bank to go 2 ? I live in Las Vegas

Answer 1

A good bank is a bank with a lot of ATM's, I would suggest Bank Of America. It will not be bought out and it will be there for a long time and its around the US.

Fares Al-sagri

Answer 2

So young, so much to learn. There IS no such thing as a good bank, what there is however, is this: some banks don't screw you as badly as others.

I would suggest a credit union first. I forget the name of it, but there's one in LV that let's you join just for being a resident. Most credit unions have eligibility requirements, like you have to be a teacher or a county employee.

I would stay away from WAMU and B of A....thieves. Both are horrible with credit card/debit card disputes, they each have a tendency to "misplace" the paperwork.

You might want to try Nevada State Bank, they have branches everywhere. Or Citibank, although they have limited branches in LV but the ATMs at 7-11's are free. Wells Fargo is another good one, as far as locations.

Whatever bank you choose, pay close attention to FEES they charge.....for atm withdrawals, balance requirements, billpay etc...

Answer 3

You can get an account at your parent's bank/credit union...

-Start saving money now... in my opinion when you have enough saved move your funds to CDs or Money Market Accounts... for more return over time.

-If you want good credit, don't mess with your credit now. You will have the opportunity soon enough. In some cases an adult can add your name to their open credit as a designated signer, and you can repeat the benefit of their (HOPEFULLY) great credit history.

Good Luck doesn't just happen, it takes practice. So Be Careful

Answer 4

A Credit Union would be the best Bank for you. they help you a lot manage your money unlike other banks that will let you over draft you account by hundreds

Answer 5

You want good credit you have to start small and work it up to grand credit.

Open up a savings account in the Bank of your choice.

Start saving your money and get a job. After you get a job and have been on the job a good year...apply for a credit card be in moind your not going to use this card to buy stuff and spend money, your going to make your credit shoot sky high. This is how you do it,.

Lets say you get a credit card with a $300.00 balance for starts. You charge like $20.00 on it and at the end of the month pay it off in full and save interest on the other hand make the payment for one month and then the next month pay it off in full.

Keep doing this for six months and watch what happens.

Then after you've been on the job for lets say two years..your ready for some big credit. Go buy a Car or Truck and finance it.

When you pay that Car that car off, your credit score should be around 650
You just eanred a big chunk of credit.
Now your ready to increase your credit limits to $5,000.00

Keep in mind that you are only using the card to build credit and yes the Company makes a little money off you, but thats all.

Meanwhile, your system like I mention above about the card continues to Rock your credit higher and higher and thats when people make the biggest mistake. They spend that credit limit and find themselves in a big pickle.

If you have finally reached a $5,000 crddit limit that doesn't mean that you can go out and start charging your butt off becasue your gonna have to pay that back and oif you can;t pay back what you charge in lets say three months...your on fire now, becasue you have whats called revolving credit which means that you have an outstanding balance on your credit card and your credit scroe will start dropping and you don;t want that to happen after paying off your car and getting it up there high.

So what actually happens, is that you have the credit card limit, but your not gonna use it.
Sopunds stupid, but its the truth. If a Bank gives you card wwith $3,500.00 for sarts and you use it responsibly and pay it off all the time soon like I said in two months or less, then your limit will increase becasue the bank knows that you are not using all your limit given and they like that. So they increse you to get you to budge, but you don;t. You can finally have a card with $20,000 credit limit, but here again your not going to use that money. It stays there and you use what it takes to keep your credoit going smooth and thats it.
From that point on..if you stay responsible with your credit, you can buy most most anything you want on credit providing you stay on the job too and make good money.

If you get hooked on drugs like what happene to some of my friends...they maxed out their cards bying drugs and guess what...thats right...they bombed.

The Bank has no mercy when you fail to pay that money back and here;'s the catch. If you charge $3,000 and and just make the minimum payment your screwed.

I have $25,000 on my Credit Card and you know what the Bank did. They cancelled my card and you know why>????????????They weren;t making any money off of me.
So you know what I did, I deposited in my account $125,000 and transferred my funds to another Bank and closed my account and the Bank was pissed.

Answer 6

Washington Mutual