Newkfbitbop

Open an account with Bank of America?

Need a new bank account for everyday banking and online services. Going for Bank of America, anyone has any objections or do you recommend any other bank? Why?

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SAP Popyy Oct 21, 2019

Chase, Capital1 savings account are better imo

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kfbitbop OP Oct 21, 2019

Why chase? Why Capital 1?

Google netto Oct 21, 2019

Robinhood

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kfbitbop OP Oct 21, 2019

Does Robinhood have everyday checking account and normal banking I thought they're only for trading?

Salesforce Honolulu🌞 Oct 21, 2019

Try leveraging new account promos. It's free money if you're opening up an account anyways.

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kfbitbop OP Oct 21, 2019

Great idea do you have any recommendations or any promos that I should look at?

Citadel BrutеForce Oct 21, 2019

Chase usually have like 500$ for checking + savings acct. At least I used to get mail with those promos like every other day.

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Sj9ukL Oct 21, 2019

Wells Fargo has $400 bonus for checking if you fund with $3000 direct deposits per month for 3 months. $1500 for maintenance fee waiver. HSBC has $350 bonus for $5000 per month for 3 months. $10k for maintenance fee deduction waiver. Sinilar offer with chase

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kfbitbop OP Oct 21, 2019

These are great promotions and assuming all bonus amounts would be the same, if you weren't o pick between the three which one would you pick and why?

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Sj9ukL Oct 21, 2019

You can have all of them one by one start off with Chase + wells fargo since chase has $500 direct deposit and wells fargo has $3000 so you could divide your paycheck among these two banks. Once the criteria are met, you could then go for HSBC

Epic CornOnCob Oct 21, 2019

I have an online bank account with discover, and another one with Chase because there is a physical bank close to my house. I use discover for most of my transactions - direct deposits and bill pays etc. Their savings account gives close to 2% interest rate which you won't even get with CD in other big banks like Chase or bank of america etc. I only use Chase account for situations where I need to deposit a physical check beyond "electronic deposit limit" etc and then do an electronic transfer to discover.

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kfbitbop OP Oct 21, 2019

This is a great answer thank you so much for the input the 2% interest rate with discover the great rate. The question I have is since discover is a small institution if I choose discover to be my main and primary a challenge for depositing all my payroll do you think they will be as flexible as big banks for giving out lines of credit and loans in the future?

Epic CornOnCob Oct 21, 2019

Let's break it down. - from payroll deposit perspective, which bank doesn't matter right. You sign up for direct deposit and the money deposits. Nothing magical there. The only thing is if you have situations where you take out "large" amounts of cash by going to the physical bank. If not, you get access to so many free ATMs where you can take cash out. Infact, I find this more flexible than banks like Chase. I open the app, and it shows atleast 1 free ATM in 2-3 mins around me like in Walgreens or gas stations. I don't have to drive all the way to that bank's atm only. - Next in your question is line of credit. I am guessing you mean credit card. I consider discover to be one of the easiest credit card to get if you do it right. And they give high lines of credit. They gave me 7k on my credit card and in 3 years it is up to 27k now. - Next is loans. I am guessing you are mainly talking about home loans. I don't think they care if you have a bank account with long-standing history for any bank to provide you the loan. All you have to do is keep the 20% down payment ready. For the rest, that's what your credit score is for. Have a good score and they will give you loan (they earn money from it). If they don't, it's actually their loss. I personally will go to another local credit union when it comes to home loan. They will treat you very well for the business you are taking there, and you can save on closing costs etc.

Kaiser Permanente ٩(̾●̮̮̃̾•̃̾)۶ Oct 21, 2019

BOA and Wells Fargo are the worst...

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kfbitbop OP Oct 22, 2019

What are some of the negatives about them?

Kaiser Permanente ٩(̾●̮̮̃̾•̃̾)۶ Oct 23, 2019

Wells Fargo scams their own customers and was fined big time. BOA services just simply suck. I personally will never put money in Wells Fargo because how they lied to their customers and how badly they treated their own employees.

Taylor Farms azerty_ Oct 21, 2019

Chase or Charles Schwab

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kfbitbop OP Oct 22, 2019

Is Charles Schwab only for investment or is it used for normal banking also?

Taylor Farms azerty_ Oct 22, 2019

You can open a checking account with them too.

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non8m Oct 23, 2019

I would say it depends on what your looking for in services to meet your banking needs? I used to be a banker at B of A. People are going to be baised based on personal experiences, but those experiences may not be related to your personal interest. Overall, a good bank would have high savings interest, no minimum balance required, low fees, My bias would not to bank with b of a. I would recommend credit unions. I know not all credit union are entirely up to date with mobile online banking, but it's worth shopping around to find one that does. You'll never want to leave them because you are not a customer, your a member in a co-op community; less fees & high interest savings. If you must have a big corporate bank with all of the online mobile banking, I would recommend: 1. Capital One 360: Savings account interest rate is 1.90%. They have a good online platform and easy access to ATMs penalty FREE. No minimum balance required. 2.Fidelity: Withdraw cash from over 1 million ATMs worldwide. Fidelity reimburses all ATM fees and charges 1% on transaction fees. The account also offers travel and emergency assistance, accident insurance and damage waivers for car rentals. 3. Chase: Convenience of access to branches and good online platform.