Banks? - Page 2

Isaac · 06-24-2008, 10:30 PM

Banks have more presence while credit unions have more perks.
You might earn a better interest rate on your savings account @ the credit union but the lack of locations might drive you up the walls at times. Also, (something I learned from working for Wachovia) credit unions are not FDIC insured, like banks are.

If you're unsure, get into both. I have one account w/ Wachovia Bank and one w/ Partners FCU.

Prudence · 06-24-2008, 10:49 PM

The problem is that I have to open a new account right now - so an employer connected CU isn't an option for a while.

Morrigoon · 06-24-2008, 10:54 PM

Well, IMHO all banks suck at least a little :P

Wells Fargo is ever-present (in lots of grocery stores), and at least it's not BofA. I'm not saying they're wonderful, but they're decent enough. And you can always open a CU account once here and you see what's convenient.

BarTopDancer · 06-24-2008, 11:04 PM

Open an account at a bank convenient to you. You can always open another one when you get settled in CA.

RStar · 06-24-2008, 11:21 PM

Quote:

Originally Posted by Prudence

The problem is that I have to open a new account right now - so an employer connected CU isn't an option for a while.

Another for CUs. I have ECCU through my church, as well as OCTFCU (now Schools First). Credit Unions aren't always connected to jobs. In fact the one through my church I signed up online and have never stepped foot in their building.

How about this? ING Direct Checking Who needs paper checks anymore anyway?

Gemini Cricket · 06-24-2008, 11:47 PM

I say WaMu.

alphabassettgrrl · 06-25-2008, 10:17 AM

I've been with Wells Fargo for a long time, and been mostly happy with them. I've also got a credit union account, and the concern raised with CUs is ATM use but mine has a huge list of networked ATMs, usable without paying a fee. They gave me a book listing them.

blueerica · 06-25-2008, 10:21 AM

I'm a fan of credit unions first, then WaMu, as I've seen good things through them. I know little of Wachovia. You have pros and cons to each. I'm with SchoolsFirst FCU. As most of you know, I live in Utah now, which I figured would be a bigger issue with banking. I have had no problem finding and using ATMs out here to cash checks, get money, etc. Only fees are with non-networked ATMs, and it's rarely presented me with a problem outside of the SchoolsFirst FCU zone. There's an available ATM at least every major block. So, I'm keeping my long-distance CU account.

Maybe I'll open another one with a close-by bank, but I haven't really felt the need to.

katiesue · 06-25-2008, 10:25 AM

I have Union Bank of California and I haven't had any issues. There are quite a few of them around. I had Wells Fargo forever and no issues there either.

I also have an etrade account. They will reverse out any atm fees you get charged by another bank for using their machines. I use that one when I need to get cash at an ATM and I can't find a Union Bank one.

blueerica · 06-25-2008, 10:35 AM

Good to know, KS. J just got an eTrade account... Very interesting.

06-24-2008, 10:30 PM	#11
Isaac the one n only Join Date: Jan 2005 Location: Anaheim Posts: 1,236	Banks have more presence while credit unions have more perks. You might earn a better interest rate on your savings account @ the credit union but the lack of locations might drive you up the walls at times. Also, (something I learned from working for Wachovia) credit unions are not FDIC insured, like banks are. If you're unsure, get into both. I have one account w/ Wachovia Bank and one w/ Partners FCU. __________________
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06-24-2008, 10:49 PM	#12
Prudence Beelzeboobs, Esq. Join Date: Jan 2005 Location: Gavel - I haz it Posts: 6,287	The problem is that I have to open a new account right now - so an employer connected CU isn't an option for a while. __________________ traguna macoities tracorum satis de
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06-24-2008, 10:54 PM	#13
Morrigoon I throw stones at houses Join Date: Jan 2005 Location: Location: Location Posts: 9,534	Well, IMHO all banks suck at least a little :P Wells Fargo is ever-present (in lots of grocery stores), and at least it's not BofA. I'm not saying they're wonderful, but they're decent enough. And you can always open a CU account once here and you see what's convenient. __________________ http://bash.org/?top "It is useless for sheep to pass a resolution in favor of vegetarianism while wolves remain of a different opinion." -- William Randolph Inge
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06-24-2008, 11:04 PM	#14
BarTopDancer Prepping... Join Date: Jan 2005 Location: Here, there, everywhere Posts: 11,405	Open an account at a bank convenient to you. You can always open another one when you get settled in CA. __________________ Spork is the new MacGyver Postcards From My Edge
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06-24-2008, 11:47 PM	#16
Gemini Cricket ... Join Date: Jan 2005 Posts: 13,244	I say WaMu.
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06-25-2008, 10:17 AM	#17
alphabassettgrrl Senior Member Join Date: Jan 2005 Posts: 4,978	I've been with Wells Fargo for a long time, and been mostly happy with them. I've also got a credit union account, and the concern raised with CUs is ATM use but mine has a huge list of networked ATMs, usable without paying a fee. They gave me a book listing them. __________________ Why cycling? Anything [sport] that had to do with a ball, I wasn't very good at. -Lance Armstrong
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06-25-2008, 10:21 AM	#18
blueerica Nueve Join Date: Jan 2005 Posts: 6,497	I'm a fan of credit unions first, then WaMu, as I've seen good things through them. I know little of Wachovia. You have pros and cons to each. I'm with SchoolsFirst FCU. As most of you know, I live in Utah now, which I figured would be a bigger issue with banking. I have had no problem finding and using ATMs out here to cash checks, get money, etc. Only fees are with non-networked ATMs, and it's rarely presented me with a problem outside of the SchoolsFirst FCU zone. There's an available ATM at least every major block. So, I'm keeping my long-distance CU account. Maybe I'll open another one with a close-by bank, but I haven't really felt the need to. __________________ Tomorrow is the day for you and me
	Submit to Quotes

06-25-2008, 10:25 AM	#19
katiesue Senior Member Join Date: Apr 2005 Location: San Diego Posts: 4,678	I have Union Bank of California and I haven't had any issues. There are quite a few of them around. I had Wells Fargo forever and no issues there either. I also have an etrade account. They will reverse out any atm fees you get charged by another bank for using their machines. I use that one when I need to get cash at an ATM and I can't find a Union Bank one. __________________ My life is so exciting I can hardly stand it.
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06-25-2008, 10:35 AM	#20
blueerica Nueve Join Date: Jan 2005 Posts: 6,497	Good to know, KS. J just got an eTrade account... Very interesting. __________________ Tomorrow is the day for you and me
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