Topic Wiki

Chase the best - till they close you down
santander best - once they close you down

all others depends on the services you need

« Last edited by yesitsme on May 03, 2020, 02:30:15 AM »

Author Topic: Pros and Cons of Different Banks  (Read 35645 times)

Offline puddles

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2010
  • Posts: 1101
  • Total likes: 27
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: Five Towns
Pros and Cons of Different Banks
« on: June 28, 2018, 01:15:01 PM »
Based on all the recent uproar about Chase closing accounts I thought we might talk about Pros and Cons of different banks. To start, a friend of mine mentioned banking with First Republic. Does anyone have experience with them?

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3942
  • Total likes: 477
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #1 on: June 28, 2018, 01:59:05 PM »
Based on all the recent uproar about Chase closing accounts I thought we might talk about Pros and Cons of different banks. To start, a friend of mine mentioned banking with First Republic. Does anyone have experience with them?
In CA it's a decent option if you're looking for a small bank.
They have some frum bankers and loan officers, which brought them at lot of community bank

Offline farmbochur

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2011
  • Posts: 1813
  • Total likes: 237
  • DansDeals.com Hat Tips 19
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #2 on: June 28, 2018, 02:15:14 PM »
I really like Schwab.

Pros:
1. No fees maintenance fees regardless of account balance
2. Unlimited free checks
3. Unlimited ATM fee reimbursement
4. No foreign exchange fees
5. Account balance earns (low) interest
6. Deposits seem to clear faster than other banks - typically same day or next day

Cons:
1. No way to readily deposit cash
2. Checking account requires a (free) brokerage account

I don't find the cons difficult to overcome at all. Pros 3 and 4 create a great alternative to currency conversion when you need cash abroad.
« Last Edit: June 28, 2018, 03:12:58 PM by farmbochur »
Risk is opportunity

Offline Ygold

  • Dansdeals Gold Elite
  • ***
  • Join Date: Nov 2013
  • Posts: 244
  • Total likes: 23
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #3 on: June 28, 2018, 02:27:07 PM »
I really like Schwab.

Cons:
1. No way to readily deposit checks
2. Checking account requires a (free) brokerage account


Schwab App.
Shout out to Meshugener!

Offline yesitsme

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5127
  • Total likes: 2239
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #4 on: June 28, 2018, 02:37:47 PM »
I Love
Chase Bank

I use
..........

Closed
TD Bank, Sovereign Bank, Capital One

Hate
Sovereign Bank (Santander Bank)

Banks never made money off me.
« Last Edit: June 28, 2018, 02:43:35 PM by yesitsme »
["-"]

Offline Iz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 7045
  • Total likes: 461
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #5 on: June 28, 2018, 02:40:46 PM »
Very happy with TD in NJ.

Offline farmbochur

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2011
  • Posts: 1813
  • Total likes: 237
  • DansDeals.com Hat Tips 19
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #6 on: June 28, 2018, 03:14:12 PM »
Risk is opportunity

Offline puddles

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2010
  • Posts: 1101
  • Total likes: 27
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: Five Towns
Re: Pros and Cons of Different Banks
« Reply #7 on: June 28, 2018, 04:45:58 PM »
I Love
Chase Bank

I use
..........

Closed
TD Bank, Sovereign Bank, Capital One

Hate
Sovereign Bank (Santander Bank)

Banks never made money off me.

I use Chase as well but with the recent shutdowns would like a bank that knows me, has a relationship with me and wont shut me down for depositing large checks or anything else they deem an issue without speaking to me.

Offline tzifanya54

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2012
  • Posts: 5662
  • Total likes: 245
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #8 on: June 28, 2018, 05:01:33 PM »
Very happy with capital One in Jersey. Only real con for me is that you cant see (referring to seeing an actual copy of the check) check deposits on your online profile. I bank with Chase as well where I can see that info online.

Offline yesitsme

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5127
  • Total likes: 2239
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #9 on: June 28, 2018, 05:12:13 PM »
Very happy with capital One in Jersey. Only real con for me is that you cant see (referring to seeing an actual copy of the check) check deposits on your online profile. I bank with Chase as well where I can see that info online.
Capital one doesn't let you view check image of checks that went out of your account?
["-"]

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 19150
  • Total likes: 15297
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Pros and Cons of Different Banks
« Reply #10 on: June 28, 2018, 05:39:09 PM »
Capital one doesn't let you view check image of checks that went out of your account?
I think he was referring to deposits.
Feelings don't care about your facts

Offline yesitsme

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5127
  • Total likes: 2239
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #11 on: June 28, 2018, 05:43:56 PM »
I think he was referring to deposits.
ok if anyone have a answer to my question it would be appreciated.

I would like to know if Capital one lets you view check image of checks that went out of your account (Check Debit)?
["-"]

Offline gingyguy

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Sep 2011
  • Posts: 1459
  • Total likes: 419
  • DansDeals.com Hat Tips 36
  • Gender: Male
    • View Profile
  • Programs: I don't like to brag
Re: Pros and Cons of Different Banks
« Reply #12 on: June 28, 2018, 08:14:07 PM »
I Love
Chase Bank

I use
..........

Closed
TD Bank, Sovereign Bank, Capital One

Hate
Sovereign Bank (Santander Bank)

Banks never made money off me.
everyone always tells me they hate sov bank. i can honestly say that i have been using them as personal bankfor 10+ with no issue s
May you slide down the banister of happiness & get many splinters of success up your career.

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3942
  • Total likes: 477
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #13 on: June 28, 2018, 10:52:23 PM »
Schwab App.
depositing through an app doesn't scale well. It's good to have a real location to go into.
I use Chase as well but with the recent shutdowns would like a bank that knows me, has a relationship with me and wont shut me down for depositing large checks or anything else they deem an issue without speaking to me.
Not hard to have a personal relationship with a Chase banker. They have Chase Private Client, JP Morgan for higher level and even if you don't qualify for CPC if you go in and shmooze with the branch manager you can become friendly with them to the point where you can clear anything with them. At least where I am.


As a general comment, there's a big difference between personal and business banking and they should be differentiated in a thread like this.

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 19150
  • Total likes: 15297
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Pros and Cons of Different Banks
« Reply #14 on: June 28, 2018, 10:54:22 PM »
depositing through an app doesn't scale well. It's good to have a real location to go into. Not hard to have a personal relationship with a Chase banker. They have Chase Private Client, JP Morgan for higher level and even if you don't qualify for CPC if you go in and shmooze with the branch manager you can become friendly with them to the point where you can clear anything with them. At least where I am.


As a general comment, there's a big difference between personal and business banking and they should be differentiated in a thread like this.
+1

I have three Chase branches in which I get treated like a king whenever I walk in.
Feelings don't care about your facts

Offline yesitsme

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5127
  • Total likes: 2239
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #15 on: June 28, 2018, 11:59:28 PM »
everyone always tells me they hate sov bank. i can honestly say that i have been using them as personal bankfor 10+ with no issue s
Did you ever try chase? I had chase, sovereign, td, capital one at the same time, I felt the most comftorble with chase the amount branches available, online interface, and their customer service,  at the time that i closed my sovereign account sovereign didnt have an option to deposit checks by phone which i liked very much, sovereign is good if you have triple endorsed checks.... That's about it. Happens to be sovereign has now a great mortgage [broker] that works for sovereign and used to work for HSBC his name is Jacob shechter.

Capital one I would rate best after chase, their branch availability is less then chase and I was a little bit annoyed by their security questions online but nothing major to complain about. I think they are also great for wiring but I personally never used them for wiring, they also have a great savings account capital one 360 formerly ing direct no fees no minimums not locked in.

Td I hardly used they convinced me to open an account I made a deposit they froze it for 30 days since It's a new account whatever I ended up closing that account.

The straw that broke the camels back was when I made a ATM withdrawal of $400 and the machine only spit out $20 bills I got 19 $20 bills and 1 $5 I went over to the teller and they told me its impossible since they just recounted a couple minutes before, I opened a investigation and after 30 days they returned $15 versus in chase when my check got stuck in the ATM they credited my account with that amount and they told me they'll investigate the matter if it turns out false they would retrieve the money from my account.


You're saying you never had any issues try both let me know which one you like better, it's like flying ElAl For 10 years try united you'll never look back.


Day to day banking chase is the winner.
Savings capital one 360 is the winner.
Depositing triple endorsed stale checks sovereign is the winner since they don't know what's coming or going.

And of course don't forget to use mint.com to see an overview of all your accounts and never give them your banking user name password give them the access key capital one and chase bothe provide access key for financial institutions read only access and you can revoke it at any given time.

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 19150
  • Total likes: 15297
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Pros and Cons of Different Banks
« Reply #16 on: June 29, 2018, 12:24:34 AM »
A very big drawback of BOA

https://forums.dansdeals.com/index.php?topic=80384.msg1755734#msg1755734

They were the worst of all of the banks I experienced. Cap 1 was a bit of a hassle since it went through a central estate unit but it got done in one shot and only meant a delay of about a week and then needing to go to a branch a second time. Sovereign, Chase, TD, Valley, and some smaller banks all issued checks either to the estate or beneficiary on the spot.
Feelings don't care about your facts

Offline tzifanya54

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2012
  • Posts: 5662
  • Total likes: 245
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #17 on: June 29, 2018, 08:38:10 AM »
I think he was referring to deposits.
I was.
ok if anyone have a answer to my question it would be appreciated.

I would like to know if Capital one lets you view check image of checks that went out of your account (Check Debit)?
They do.

Offline yesitsme

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5127
  • Total likes: 2239
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #18 on: June 29, 2018, 08:39:31 AM »
I was.They do.
Thank you!

only on desktop or on mobile too?
["-"]

Offline tzifanya54

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2012
  • Posts: 5662
  • Total likes: 245
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Pros and Cons of Different Banks
« Reply #19 on: June 29, 2018, 02:30:00 PM »
Thank you!

only on desktop or on mobile too?
Mobile as well.