Best and worst banks

[ColoNative]

That is weird Meya. So did your balance go down at all or was the available balance still what it was before the charges?

I switched my checking from the credit union to a bank a few years ago because they took forever to credit my account for the direct deposit and their systems would go down all the time; always when I needed to get cash out of the ATM. I still have the CU checking account but I rarely use it.

The one good thing about credit union checking is that all of the credit unions work together so you can take cash out at a credit union from another state and not get hit with a foreign ATM fee.

I use the credit unions for the great loan and savings rates, but for checking I prefer a bigger bank.

[hjm331]

I opened a US Bank checking account about a month ago right after BoA closed my credit card accounts. The reason why I opened it is to start building a relationship with US Bank but it seems like banks can careless if your deposit accounts are in excellent standing when they look at your credit card account and feel as if it's a risk to them. One of the reasons why this is usually the case nowadays is because deposit accounts and credit card accounts are two different entities and don't have anything to do with each other regardless if they're both a product of the same bank.

[Meya]

As of today, everything came through, but I ended up with $80 more than what I expected, I think the hotel authorized more than what I had to pay. They cool, but I am scared to use them while traveling. I am not a receipt person, got a bad habit in throwing them away. I just estimate my spendings, wont do that with this bank....loz! My deposits goes in instantly Colo, I never tried them with a check yet. I am pretty sure they are gonna do the $100 only thingy, and you have to wait for the rest to clear....lolz!

ps, go to the club......you and hjm!

[hjm331]

Meya, US Bank's checking policies are somewhat similiar to BoA's checking policies. When you deposit a non-US Bank check, they will credit your account with a $100 on the day of the deposit and make the rest available the next business day (including Saturdays). However, the cut-off time is 5pm even though the one I bank with closes at 7pm.

[Meya]

Our cut off time is when the bank closes and the ATM cut-off time is 6:00pm (or is it 7pm?). Most banks does that anyway, but I had waited longer than the next business day depending on the deposit. Nearly had to wait 2 weeks before they paid me all of my money for the money i borrowed from Chase, and they sent me a check. Not to mention, they (Bofa) paid me in increments.

[hjm331]

Meya, was your deposit a large amount? If so, how large?

[Joeyman]

I have a question that I believe I asked some time ago. What is the difference if you get an over-draft protection and an actual over-draft? My bank (bofa) charges $15-$33 (or probably higher) for an over draft and $18 for an over-draft activity to your over-draft protection. I don't see the difference especially if it is not going to my credit report and I am not leaving the bank I am at. Help me out gardyman!

Meya,

My overdraft protection plan works in two ways: The negative money is taken out of my savings account, or the negative money is taken out of my credit card account. I personally have it set up with my savings account, and I get no overdraft fees. I'm with a local credit union. I briefly read something about your credit union being to small, etc. I agree, I wish mine would make an iPhone app! But, I believe their to small to try/afford it.


Anyone know about Mint.com?

They have an iPhone app now, and most banks work with their systems. But is the system safe?

[hjm331]

Isn't mint.com that website where you can buy coins?

[Meya]

Meya, was your deposit a large amount? If so, how large?

$7k

[Meya]

Thanks Joeyman!

[Joeyman]

No, Mint.com is this crazy finical website. You can provide information for all your accounts; for instance if you have a credit card with American express, your checking accounts with a large bank, and your auto loans with a credit union it allows you to see them all in one website. I believe the way they make money is by making suggestions, on how you can change your financial matters, etc. So if you click their links for a credit app, they get a payout. It's very well designed, looks reliable to me. I just wanted to hear some opinions. ^^


Best of all, they have an iPhone app, allowing you to see your instant balances regarding ALL accounts. However, most banks have ability to get your balance by text. Do some research to see? :P

Joey

[hjm331]

I wouldn't trust my personal info with sites like that.

[Joeyman]

I'm still on the fence myself. It doesn't require any account numbers or full names. Only your zip code, and the online log-in user name and password to the accounts. I asked my credit union, and they had only briefly heard of it -- they did not object in anyway. :\

[hjm331]

I would cancel the service ASAP and just check your accounts online or by the phone.

[Wanderer]

Bank ratings are available on Bauer Financial Service bauerfinancial.com/home.html and click on "Bank Star Rating" off the menu. You will get a real handle on where a bank stands. Note, the FDIC does NOT allow banks that are going to be closed out in advance for fear of a "run on the bank". Also the FDIC closes banks on Friday's with the new banks generally re-opening them on Monday's. Exceptions are when a replacement bank hasn't been found. Then the FDIC has to run the bank.