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Who do you bank with?

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June 17, 2022, 08:08 AM
SSgt USMC/Vet
Who do you bank with?
No problem with Wells Fargo here either, other than they are closing our local branch. We started many years ago with Central Fidelity, then they were bought out by Wachovia which was bought by Wells Fargo.

Never had much good to say about Navy Federal.
June 17, 2022, 08:27 AM
SIG4EVA
Local credit unions will treat you the best. I avoid big banks completely.


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Psalm 118:24 "This is the day which the Lord hath made; we will rejoice and be glad in it"
June 17, 2022, 08:30 AM
sigseller2000
Nice small local bank. wife used to complain they did not have the fancy online stuff the big banks had (they do now). Then we had an issue she could not get resolved. Because everyone at the bank from the President down knows me, I solved it in a 30 second phone call. I then brought her in to meet everyone. Now she loves it.
June 17, 2022, 08:30 AM
83v45magna
Credit union
June 17, 2022, 08:54 AM
ranger312
Local credit union. I opened a Wells Fargo business acct a few yrs ago to facilitate overseas money wiring. I would hate to have to use them for normal daily banking!
June 17, 2022, 09:11 AM
220-9er
Wells Fargo may have a useful website and some nice people in your particular branch (not what I experienced however) but the corrupt behavior seems to go to the top. I don't know why they weren't investigated and prosecuted under the RICO Act as a continuing criminal enterprise except that so many politicians had their hands in various pockets to prevent that.
I had accounts opened under my name and business with huge open lines of credit and info illegally shared with others, etc. Their answer when this stuff started to come out, you can sue us if you don't like it.
Now that's some real customer service.
Others may like doing business with snakes with zero principles but don't say you haven't been warned.

For those that need a reminder....

https://www.justice.gov/opa/pr...ions-sales-practices

https://www.nytimes.com/2020/0...argo-settlement.html


___________________________
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June 17, 2022, 09:12 AM
selogic
Social Security and pension go through a major bank and that's how the bills are paid . My former employer operates a Credit Union and that where we have my vehicle loan and a savings account for PayPal and Venmo use .
June 17, 2022, 09:18 AM
BigSwede
Same as Pipe Smoker with Wells, my investment accounts and checking are right there on the app, very easy to navigate and use

Truist, it started as an account with a smaller bank called Colonial, bought by BB&T and now Truist. It's a business account with zero fees that has been Grandfathered in

Navy Federal CU, love them. Especially for low rate credit cards and loans



June 17, 2022, 09:20 AM
NavyGuy
Veritex Community Bank. About 40 locations scattered around Texas mostly the metro areas and none are what I would consider a large bank. They bought out the bank we used in our business and we just stuck with them. Full service and seniors get most everything free. I like it that I can call on the phone, not go through a selection tree and talk directly to someone.



Men fight for liberty and win it with hard knocks. Their children, brought up easy, let it slip away again, poor fools. And their grandchildren are once more slaves.

-D.H. Lawrence
June 17, 2022, 10:47 AM
architect
I have two banks, USAA for 'net bill paying etc. (who are no better than OK, but don't piss me off too often), and Truist (for local branch access and writing the occasional paper check). I ended up with Truist through a series of mergers and acquisitions starting with a wonderful six branch local bank named Continental Federal (RIP), through SunTrust. Now that BB&T controls this empire, I will probably be moving on. My wife was once with BB&T, and they are horrible people, I expect they have not changed now that they are Truist (even the name is a trifle skeevy).

I don't know why it is so hard to find a decent bank. Where is George Bailey when you need him? I have long thought that banks that grow past the five/six branch phase soon lose sight of their depositors needs
June 17, 2022, 11:06 AM
LoboGunLeather
I use two credit unions, in both of which I have been a member for over 40 years. We also have accounts with Wells Fargo Bank, allowing us access just about anywhere in the country if needed.

Three financial advisers, all with different investment companies, diversified in over a dozen accounts including growth stock mutual funds, balanced funds, and retirement accounts.

Debt-free, two social security benefits, my VA disability benefit, 3 pension plans. Now having to deal with the Required Minimum Distribution rules on qualified retirement accounts (IRA, 401, 457, etc), have to take some money and pay the taxes or be penalized.

Fortunately, we started working toward these goals about 50 years ago instead of waiting until retirement time to worry about it.


Retired holster maker.
Retired police chief.
Formerly Sergeant, US Army Airborne Infantry, Pathfinders
June 17, 2022, 01:12 PM
Rey HRH
I always bank with a big name bank with a local presence. Right now, it's Chase because they give me free checking as a veteran and they have safety deposit boxes except they stopped renting to new customers. Maybe it's too much trouble for them. I'm not loyal to them; given a good excuse, I'll move to another bank.

My longest banking relationship is with a company credit union that I've had since the 90's. I have the bulk of my checking account money with them for which they give me 2% interest on balances up to $15,000. I have a high credit card limit with them and I can easily get loans if I need it.

They pay atm fees but I don't use that feature. I just move money electronically and use Chase when I need cash.



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
June 17, 2022, 01:19 PM
Rey HRH
quote:
Originally posted by LoboGunLeather:

Three financial advisers, all with different investment companies, diversified in over a dozen accounts including growth stock mutual funds, balanced funds, and retirement accounts.

Debt-free, two social security benefits, my VA disability benefit, 3 pension plans. Now having to deal with the Required Minimum Distribution rules on qualified retirement accounts (IRA, 401, 457, etc), have to take some money and pay the taxes or be penalized.



I hope at least one of those financial advisors worked with you before you had to start taking RMDs on tax efficiently converting portions of those qualified retirement funds into Roth accounts? In any case, you can still do that now although it's a bit more tighter given you have to first satisfy your annual RMDs before being able to convert. The idea is converting earlier at lower tax brackets than getting your RMDs push you into higher tax brackets. You can even save on tax money now because any money you take out today that you don't need to use can be converted into a Roth account at a lower tax rate than any money you have to take out in 2026 when the Trump tax rates revert to the higher tax rates.



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
June 17, 2022, 01:27 PM
Rustyblade
Since retiring to Fl I quickly found Chase. As a Private Client... I just had my weekly Zoom hour with my advisor and my loss since 11-21 is 1.2%. The wife and I rather content.
Time will tell re the recession yet I am not overly anxious.


Do not necessarily attribute someone's nasty or inappropriate actions as intended when it may be explained by ignorance or stupidity.
June 17, 2022, 03:01 PM
Appliance Brad
Locally owned bank that I've done business with since I was about 16.

Local credit unions all have No Guns signs on the doors.


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June 17, 2022, 03:11 PM
AKSuperDually
A state-wide Bank. We don't do work with, nor bank with credit unions.

I've yet to encounter a larger national bank that exists in my state, that I would trust with personal or professional assets.

We have a couple of small, non-bank banks that I'm looking into. OFF the FDIC grid. I've encountered quite a few people who bank with them, and we performed some professional services for one last year. I was very impressed. I'm strongly considering a move of half or more of our professional assets and perhaps all our personal assets in banks, to this institution.

I also have accounts with USAA...but I don't use them, and there is almost no money there.


~~~~~~~~~~~~~~~~~~~~~~~~~
"The trouble with our Liberal friends...is not that they're ignorant, it's just that they know so much that isn't so." Ronald Reagan, 1964
~~~~~~~~~~~~~~~~~~~~~~~~~~
"Arguing with some people is like playing chess with a pigeon. It doesn't matter how good I am at chess, the pigeon will just take a shit on the board, strut around knocking over all the pieces and act like it won.. and in some cases it will insult you at the same time." DevlDogs55, 2014 Big Grin
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June 17, 2022, 07:14 PM
flashguy
I have 2 accounts, one with a local Credit Union and one with Chase. The offices I use are across the street from each other (and it's the HQ of the CU). My retirement money (SS and military pension) goes into the Chase account and my IRA mandatory withdrawals go into the CU account. My daily expenses are paid from the Chase account and my trips and major expenses from the CU. It works for me.

flashguy




Texan by choice, not accident of birth
June 17, 2022, 07:47 PM
V-Tail
quote:
Originally posted by Appliance Brad:

Local credit unions all have No Guns signs on the doors.
Are those signs actually meaningful in Michigan? They are not, in Florida.

Kind of funny, some banks and credit unions around here had signs prohibiting hats, sunglasses, motorcycle helmets, etc., but I never saw anything about guns.



הרחפת שלי מלאה בצלופחים
June 17, 2022, 09:12 PM
Appliance Brad
quote:
Originally posted by V-Tail:
Are those signs actually meaningful in Michigan? They are not, in Florida.


They have zero meaning. But I don't willingly do business with anti gun companies. I'm actually glad when they put the signs up to make my decision on where to spend my money easier.


__________________________
Writing the next chapter that I've been looking forward to.