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What to look for in a Bank?

Discussion in 'Off Topic' started by cbzdel, Mar 31, 2010.

  1. cbzdel

    cbzdel Tacoma, WA Member

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    What do you look for when choosing a bank/credit union. I was with BofA ever since my dad opened me up a savings account when I was a kid but then it was Seafirst bank.

    I just had a falling out with them. The refused to cash a check for me because it was written to Cris. Now the name on my account is Christopher and BofA said they can not cash it because even though its a similar name it is not correct. My last name is Bzdel, not common at all. So they think Cris Bzdel and Christopher Bzdel are not the same person. All checks I typical get are to Chris because I never go by Christopher and they never have a problem cashing those :huh:

    Anyway I consider this to be B.S.

    So I need a new bank, any reason to choose a credit union over a bank? and what makes one establishment better than another?

    Thanks!
     
  2. dobeman

    dobeman Hillsboro Oregon Bronze Supporter Bronze Supporter

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    there are sources of bank ratings available online. I think bankrate.com has a link to one. So one selection criteria would be bank strength - 5 star, 1 star, whatever. You want a strong bank that will survive. Another criteria I used was TARP money or not. We jumped from BofA to USBank last year. Credit Unions - you have the same concers as to how financially sound they are. Also - fees the banks charge, interest on savings (yeah laugh), etc.
     
  3. BrianL

    BrianL Hermiston Active Member

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    Runaway from BofA as fast as you can and don't look back. Thats what I did. Try a local credit union.
     
  4. Diamondback

    Diamondback A cold, wet green Hell Well-Known Member

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    Fairly happy with BECU, myself... would like them more if they didn't seem so intent on becoming a commercial bank eventually.
     
  5. ZachS

    ZachS Eugene/PDX Active Member

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    I have been grudgingly satisfied with US Bank for a long time - but if I were opening a new account today, I'd probably go to a credit union.
     
  6. Nightshade

    Nightshade vancouver,WA Well-Known Member

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    twinstar has been very good for us. creditunion
     
  7. Intoodeep

    Intoodeep Beaverton, OR Member

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    Good advise....BofA sucks, dropped them and US Bank :thumbup:

    I have a great relationship with Wells Fargo and Onpoint CU, both of them appreciate the business and waive the junk fees.
    Find a bank near your home walk in and interview them; tell them what you like a dislike ask them how they would handle it and what's your recourse is if you don't like something.

    Good luck.....
     
  8. Nailz

    Nailz Maple Valley, WA New Member

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    BECU has been treating me right for years. No stupid add on fees, nice low rate on my credit card, I have never had a check send back due to it being written to my nickname versus my given name.... How lame can a bank be?
     
  9. jdub75

    jdub75 PNW Well-Known Member

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    Have one 'big bank' (its worth it IMO...) and a local one. Have a few bucks of each check direct deposited in the secondary one & you'll find yourself a nice little surprise every few months for vacations, a new 'toy' or whatever...new tires?
    My 2c
     
  10. Nailz

    Nailz Maple Valley, WA New Member

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    Why not just create a secondary account at the local bank to squirrel money away?

    The big banks take that 2 cents you have and give you back about .7 after the fees it takes to hold an account. Maybe I exaggerate but you know what I mean. :)

    With BECU, I have a savings account for the family and one for my little boys college fund. A secondary checking account if I need to do a wire transfer, all have separate account numbers and no getting ripped off with the the hidden fees for not having a minimum balance, talking to a real person, etc.

    I can transfer between them at will which means no visiting the bank(s), an ATM, anything other than the computer.
     
  11. Dyjital

    Dyjital Albany, Ore Flavorite Member Bronze Supporter

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    I was hosed at BofA years ago.
    Went to OSU Credit union. Never been happier.
     
  12. longcolt

    longcolt Zephyrhills, FL Active Member

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    I too would recommend that your seek out a good stable credit union. You will avoid the lions share of all the hidden and non-hidden fees to pay for their massive corporate structure. Credit Unions are owned by the members and once you establish your account you will have access to auto and other installment credit.

    The only downside is a more limited ATM sites and possibly less online banking capability.
     
  13. Dyjital

    Dyjital Albany, Ore Flavorite Member Bronze Supporter

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  14. deen_ad

    deen_ad Vancouver, WA Well-Known Member

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    I use a CU and have since 1979 (they say, I think it's longer than that), my account number is only three digits, that really confuses the new tellers. I was in a branch a couple weeks ago, they teller called the branch manager who came out and thanked me. I think he was younger than my account was old!!
    Anyway, I'd sure look into a CU although you're kind of stuck with something like BOA if you travel much!
     
  15. gunnin88

    gunnin88 Belfair, Wa Member

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    Huge fan of large credit unions.