Author Topic: Pros and Cons of Different Banks  (Read 4192 times)

Offline puddles

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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

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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

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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

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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

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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 »

Online Iz

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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

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Re: Pros and Cons of Different Banks
« Reply #6 on: June 28, 2018, 03:14:12 PM »
Risk is opportunity

Offline puddles

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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

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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

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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

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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.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline yesitsme

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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

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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

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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

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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.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.