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What banks want you to have 25K min balance to avoid fees. Isn't it usually more like 1500?
If you can get into a credit union, do that. I've been with Bank One (now Chase) for over 20 years. Never had a problem. They treat me like royalty (they treat everyone that way) when I walk in.
Before that I was with Frost. I had far too many account issues, and situations where they won't not accept a bank draft (wrote my own back then) without my credentialing form, and the next time I would send it in and they would say "Sir, we don't need this". However, the last straw was when their ATM gave me 180 dollars from a 100 request and my receipt said 100.00. I walked in, showed them my money and said "Your ATM has a problem" and the girl behind the counter said "No sir, our ATM is calibrated and doesn't have any issues, we cannot give you any more money" I said "Ok, I guess the extra 80 is for me then" and she changed like that "oh you were given too much, we can take care of that" I said "nope" and just walked out.
What banks want you to have 25K min balance to avoid fees. Isn't it usually more like 1500?
Chase
Look in the mail for a coupon. Chase usually gives you between $125 and $150 just for starting a checking account.
In the NorthEast, TD Bank only requires $200. I have free checking with Sovereign Bank also, but not sure it works for new accounts.
Anyone have any experience with Ally?
Banks are having to scale back some of their more predatory fees, like overdraft protection and really high interest credit cards, due to banking reform.
They are also getting almost free money loaned to them from the Federal Reserve, so they have very little motivation to actually hold something as silly as depositor cash. Note: When you depost money in the bank you are, in essence, loaning them money.
Good luck finding free checking when CEOs are being pressed to keep earnings high as fee income dries up.
Bank of America is one of the worst banks in the country.
Credit unions are usually the most hassle free when it comes to fees, minimum deposits, etc.
Did I say country? B of A is one of the worst banks in the world.
Every 6 months somebody asks this question…The general consensus is that Banks are rip off artists…They profit not from savvy investments but rather exorbitant fees aimed at lower income people…Credit Unions are always the better choice…
In all my years of checking, I've never paid a fee for free checking of any kind. Not even an ATM machine fee. It's not hard to avoid the fees at all.
I've always used IBC. Never any problems. Open til 8pm and open on Sundays till 2.
Credit Union is also the way to go. RBFCU
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