Which Banking Institution Did You Choose?

Hey Ladies,


The FI and I are getting ready to open a joint banking account together, and I was wondering who we should choose. We currently have Bank of America for our separate accounts, but we're thinking of going with someone else for the joint.


How good/bad are Chase, SunTrust, PNC, Wachovia, and all the others & which one would YOU recommend? TIA :o)

Posted on September 27, 2011 at 6:14 pm
SoTenacious
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10/06/2012
SoTenacious

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(25) Comments

BrideBrittney
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11/11/2011
BrideBrittney

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BrideBrittney

Just closed my B of A account.. we went with a credit union :)

Posted on September 27, 2011 at 6:18 pm
SoTenacious
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10/06/2012
SoTenacious

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Good idea. Never thought of that!

Posted on September 27, 2011 at 6:24 pm
jackieg
20
04/17/2009
jackieg

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I would stick with the same bank as your individual accounts if you intend to shuffle funds around....will be easier/faster
Posted on September 27, 2011 at 7:07 pm
nccatim
4
11/12/2011
nccatim

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I had BoA and their fees can be ridonculous...seriously there's always a minimum and i had issues with their customer service. so i'm moving my account to suntrust where FI has had an account for years. we are overseas and they have been more helpful than BoA AND no fees.


 

Posted on September 27, 2011 at 7:48 pm
SoTenacious
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10/06/2012
SoTenacious

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Thanks for your feedback, ladies!

Posted on September 27, 2011 at 9:22 pm
fromcoldtofire
10
07/08/2011
fromcoldtofire

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fromcoldtofire

We're currently making the same decision. DH comes from Wells Fargo, and I'm a credit union girl. We compared which institutions require high minimum account balances, check processing fees, and fees to withdrawal from an ATM. I can't remember which violated which, but Wells Fargo, Citizens Bank, and Commerce all were knocked off the list. I think PNC was too. It looks like we're going to end up sticking with my awesome credit union!
Posted on September 27, 2011 at 11:07 pm
jeliebeenz
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07/28/2012
jeliebeenz

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SunTrust is going to start charging $5 a month for unlimited use of a debit card and also are going to charge $7 a month unless you habe a direct deposit or a certain balance (can't remember how much). Wachovia, which is now Wells Fargo, is going to start charging $3 a month for unlimited debit card use. I would recommend a local bank or a credit union. You lose nation wide ATMs, but you get better customer service and fewer fees.

I work in a bank if that helps my credibility with this information.
Posted on September 28, 2011 at 12:35 am
carolinawedding
15
03/19/2011
carolinawedding

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I'd rather chew road glass than EVER deal with Chase. My mortgage is with them and it's a nightmare everytime something happens.


We were lucky and happened to have the same credit union! Which I do enjoy. The only issue is that it's a local one so anytime we go far away we have no ATMs. But there's never an issue using our cards.

Posted on September 28, 2011 at 12:36 am
ridegrl1
5
08/04/2013

ridegrl1

I don't even have a bank account anymore, I just use my Paypal since I am paid for work on there. I was sick of being charged fees to have my own money, but I did have US Bank. I really liked them, but when I went to go cancel my account they wanted to charge me a $75 for closing my account in less than a year....



Needless to say, I had some choice words for the manager and wound up getting the fee waived, talk about ridiculous.


I would definitely look at a local credit union :)

Posted on September 28, 2011 at 2:38 am
futuremrsg2011
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05/21/2011
futuremrsg2011

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We use a local credit union and we love it!

Posted on September 28, 2011 at 2:40 am
adamsapple
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06/05/2011
adamsapple

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adamsapple

We have different banks to you guys, so I can't really be of much help... sorry!

Posted on September 28, 2011 at 2:40 am
rigormort
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10/27/2012
rigormort

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I work for a financial institution so I'm bais....lol. I can say that ALOT of banks are starting to charge fees cause the government restricted certain income in banks (ie overdraft fees) I know my bank still offers a free checking account with no min balance. The more money though the better account. Banks also reward customers who have all there accounts and direct deposits in there bank. Good Luck!!

Posted on September 28, 2011 at 2:43 am
budzise.to.be1008
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06/01/2013
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budzise.to.be1008

I work for a credit union, currently, and I must say, it's so much better than an actuall bank. Yes there may not be as many but they are far more convienent, personal, and actually willing to help people out. We hardley have any fees! Look into it (:

Posted on September 28, 2011 at 2:44 am
JessMark28
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05/18/2012
JessMark28

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FI uses USAA which is what a lot of soldiers use and a credit union for soldiers. I'd definitely try a credit union also. They don't have a whole of hidden fees or anything. 

Posted on September 28, 2011 at 2:49 am
Kristen_Tater
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08/20/2011
Kristen_Tater

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Ditto rigormort - I work for a large bank, so I'm bias - ditto what she said though! A lot of fees charged aren't just to make the bank money, but due to federal regulation!


I would explore banks, weigh out the pros and cons, and then go from there! HTH!

Posted on September 28, 2011 at 3:41 am
futuremrsgamboa
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11/05/2011
futuremrsgamboa

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futuremrsgamboa

I currently have first bank but FI is with the orange county credit union and his bank seems like it's gonna work out better. My bank has been charging different fees and I'm just over it.


p.s. I used to have a Chase credit card and I absolutely hated it.. They all of a sudden decided one day to close my account and took away all the rewards I had earned while using it, even though I paid it every month and on time! Ughhh Chase is evil

Posted on September 28, 2011 at 4:13 am
ajfisher
10
09/10/2011
ajfisher

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We bank with boa. Boa has already been sued for everything, so their act has to shape up. :)
Posted on September 28, 2011 at 4:50 am
LaraD2mRdr
4
11/05/2011
LaraD2mRdr

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I have TD but FI has some local bank- which I can't stand. They wont put me on his bank account because my credit is bad. I don't understand since when does bad credit not allow you to be a secondary name on a bank account?


And I've had awful credit for years and have opened several bank accounts at different banks before so I don't understand this bank at all. Most likely we will stick with his bank though since he has the better interest rate. I will most likely keep mine to myself.

Posted on September 28, 2011 at 5:09 am
LadyHope
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01/01/2011
LadyHope

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LadyHope

We use a bank based in our state... my parents have had their accounts at this bank for as long as I can remember, and it's got a lot of bigger bank amenities. Remember when BofA started having their commercials showing how the ATM would print a copy of your deposited check right on your receipt? I was like, "My bank has been doing that for years!"


Honestly, ask around locally with people you work with or acquaintances. You may find a local credit union or bank has great service or that the branches of a more national company in your area are really terrible. I think it's important to be able to walk in and talk to someone if you have a problem--that means having a local office with good service and reasonable hours (DH's bank was open Mon-Fri from 9am-3pm. Really? How many people can get in during those hours without a major inconvenience??)

Posted on September 28, 2011 at 5:12 am
msdl
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05/28/2011
msdl

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If all else fails and the decision gets overwhelming, I would ditto jackieg :-) For the time being, choose a bank that you already bank with, in order to make it easier to transfer money around for joint bills, etc. We always have to do a little shuffling on paydays and it's not a huge deal, but it is an inconvenience!

Posted on September 28, 2011 at 5:13 am
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