Local Banking vs corp banks

[cman]

I bank with Wachovia and switched to them when I started traveling because of ATM availability...fees are higher and but convinient..

I use to love my local bank which had several local branches but would not waive fees if I had to use other ATM's

The online banking was about the same in quality...

Who do you use and what do like and not like...

I still use my local bank for CD's plus they have broker services as well

wde

[TN TITAN Fan In STL]

my bank is local and they cover the first $25 atm fees per month,I don't travel alot but I still rack up $10-15 in fees a month.I also used to get 5.01 interest but they cut it down to 4.01 as long as I use the debit card 12 times a month.

[ZoomVT]

definitely prefer local. specially credit unions. better interest in savings and CDs. also great to deal with for mortgages, loans, etc. They always roll back my fees if i call and ask. they also joined a few other atm networks so i rarely have to pay atm fees. they cover the first 10 out of network fees anyway.

[pwherr]

Started out with a local then two name changes and they are now US Bank. I think local banks are almost gone aren't they?

[TheLink]

Prefer credit unions but currently bank with Wells Fargo and M & I.

M & I waives the ATM fees if you bring the slips in. Decent bank. Can't really stand Wells Fargo but ATM's all over so make it convenient.

Personally never go in banks anymore so finding one with ATM's meets my requirements.

[Big Pimpin]

local bank here..couldnt even tell you the last time ive used an ATM outside my local cause i always carry cash ahead.

have a credit union for my CC though

[patswin]

I have both a national bank and a local one. The national bank has more features and lower fees than the local banks but the local ones can be easier to get loans and other stuff from

[cuse_man]

www.moveyourmoney.info

[JDSilk]

local bank if you want to build rapport and a relationship towards loans and investments. For long term banking that way they understand your long term goals and in support of it.

national bank for credit cards and checking accounts or short term assets and liabilities. This is because these institutions do not build a relationship with you and just pull your information up when you call or stop in. Then they try to act like they know about your X years of history. The second reason is if you have credit card fraud, they usually credit your acct right away and they are more lenient with crediting you for overdraft fees (at least now they are if you raise a ruckus because of the bad rap they got for it last year). And third, its really easy for electronic transfers/bill pays. Oh and fourth, more ATMS.

I use BoA and Chase for my checking/credit cards. However, I use a local bank in my hometown for CDs, Savings Acct, Car Loan and my IRA. Im thinking about moving my IRA over to ShareBuilder or ETrade though. I will probably use my local bank for a mortgage because I have had a Savings acct with them since I was 5 years old.

[cman]

Originally Posted by JDSilk

local bank if you want to build rapport and a relationship towards loans and investments. For long term banking that way they understand your long term goals and in support of it.

national bank for credit cards and checking accounts or short term assets and liabilities. This is because these institutions do not build a relationship with you and just pull your information up when you call or stop in. Then they try to act like they know about your X years of history. The second reason is if you have credit card fraud, they usually credit your acct right away and they are more lenient with crediting you for overdraft fees (at least now they are if you raise a ruckus because of the bad rap they got for it last year). And third, its really easy for electronic transfers/bill pays. Oh and fourth, more ATMS.

I use BoA and Chase for my checking/credit cards. However, I use a local bank in my hometown for CDs, Savings Acct, Car Loan and my IRA. Im thinking about moving my IRA over to ShareBuilder or ETrade though. I will probably use my local bank for a mortgage because I have had a Savings acct with them since I was 5 years old.

I have to move my 401K this year...would you move to Share or Etrade?

wde

[GatorMike]

Originally Posted by cman

I have to move my 401K this year...would you move to Share or Etrade?

wde

Definitely E*Trade. I have had accounts with them since they opened in 1996. Fantastic trading platform. Super software. $9.99 trades. Super easy to use.

[dollarbills]

LOVE my local bank.....i have an IRA w/a national bank, but 99% of my banking is local......gotta love doing this: i bought my house and my last 2 cars by writing a check THEN going to get them financed at my local bank that knows me and knows my family well.......couldn't do that w/the big boys