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What Bank do you prefer?

Home ▸ Archive ▸ Serious Business ▸ What Bank do you prefer?
J

JTizzle

Senior Member

366 posts
Jun 28, 2012 6:47 PM
Do you prefer one of the larger Corps like Bank of America, Chase or a smaller hometown bank that is less vulnerable and not leveraged near as much?
Jun 28, 2012 6:47pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jun 28, 2012 6:48 PM
Sperm bank, mostly for lunches.
Jun 28, 2012 6:48pm
GoPens's avatar

GoPens

Senior Member

2,339 posts
Jun 28, 2012 6:59 PM
FDIC insures up to $250,000 whether it's a big bank or small. Personally,I prefer giving my business to the locally owned bank.
Jun 28, 2012 6:59pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jun 28, 2012 7:01 PM
I put my real money in a regional chain.
Jun 28, 2012 7:01pm
B

BR1986FB

Senior Member

24,104 posts
Jun 28, 2012 7:05 PM
I used to bank with larger banks like Huntington & Fifth 3rd but was sick of them putting 3-7 day "holds" on my paychecks. Switched over to a smaller bank, which my company banks through, so now there are no holds. My money is available immediately.
Jun 28, 2012 7:05pm
Midstate01's avatar

Midstate01

Senior Member

14,766 posts
Jun 28, 2012 7:08 PM
USSA
Jun 28, 2012 7:08pm
S

Sonofanump

Jun 28, 2012 7:17 PM
Company has automatic deposit to 5/3, so I use that. We have a shit load of PNC in the area, so the wife uses them so ATM is easy.
Jun 28, 2012 7:17pm
V

vball10set

paying it forward

24,795 posts
Jun 28, 2012 7:19 PM
5/3 for home, Huntington for work
Jun 28, 2012 7:19pm
M

MontyBrunswick

Jun 28, 2012 7:22 PM
Credit Union
Jun 28, 2012 7:22pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Jun 28, 2012 7:22 PM
Going to school a few hours from where I am from prevents me from using regional banks. I have kept my regional bank account from home however. I have Huntington as well as my primary account since it is near home as well as school. Have never had any problems with them/
Jun 28, 2012 7:22pm
TedSheckler's avatar

TedSheckler

Emporium Entrepreneur

3,974 posts
Jun 28, 2012 7:27 PM
I bank at Chase. I have no problems with them. I never get holds on checks, plus I like the fact I can deposit a check or cash in the ATM up until 11PM and it goes in that days business.
Jun 28, 2012 7:27pm
J

JTizzle

Senior Member

366 posts
Jun 28, 2012 7:57 PM
ernest_t_bass;1214367 wrote:Sperm bank, mostly for lunches.
Do they pay decent interest on your deposits? :cool:
Jun 28, 2012 7:57pm
derek bomar's avatar

derek bomar

Senior Member

3,722 posts
Jun 28, 2012 8:03 PM
Chase. Their iPhone app is boss
Jun 28, 2012 8:03pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jun 28, 2012 8:22 PM
JTizzle;1214464 wrote:Do they pay decent interest on your deposits? :cool:

I make withdrawals, not deposits.
Jun 28, 2012 8:22pm
THE4RINGZ's avatar

THE4RINGZ

R.I.P Thread Bomber

16,816 posts
Jun 28, 2012 8:34 PM
Big fan of Chase myself.
Jun 28, 2012 8:34pm
karen lotz's avatar

karen lotz

TuTu Train

22,284 posts
Jun 28, 2012 8:53 PM
derek bomar;1214474 wrote:Chase. Their iPhone app is boss

I concur.
Jun 28, 2012 8:53pm
C

Con_Alma

Senior Member

12,198 posts
Jun 28, 2012 8:54 PM
I prefer the closest one.
Jun 28, 2012 8:54pm
ts1227's avatar

ts1227

Senior Member

12,319 posts
Jun 28, 2012 9:04 PM
GoPens;1214377 wrote:FDIC insures up to $250,000 whether it's a big bank or small. Personally,I prefer giving my business to the locally owned bank.
But Salem doesn't have a local bank worth a damn IMO
Jun 28, 2012 9:04pm
W

WebFire

Go Bucks!

14,779 posts
Jun 28, 2012 9:13 PM
My local bank didn't have a lot of the nice features, technology or other, that the big banks could offer. And, when I was with them, I was constantly getting letters with new debit cards because their database was compromised. Haven't had that problem at 5/3.

Plus, the building my company owns houses 5/3 on the first floor, so it is very convenient.
Jun 28, 2012 9:13pm
THE4RINGZ's avatar

THE4RINGZ

R.I.P Thread Bomber

16,816 posts
Jun 28, 2012 9:13 PM
ts1227;1214553 wrote:But Salem doesn't have a local bank worth a damn IMO

You live in Wooster now cowboy.
Jun 28, 2012 9:13pm
R

raiderbuck

Senior Member

1,623 posts
Jun 28, 2012 9:45 PM
Chase. Always have, probably always will.
Jun 28, 2012 9:45pm
DeyDurkie5's avatar

DeyDurkie5

Senior Member

11,324 posts
Jun 28, 2012 10:00 PM
Con_Alma;1214545 wrote:I prefer the closest one.

So you don't put your money in any bank? Or you just picked the most retarded answer to respond with?
Jun 28, 2012 10:00pm
C

Con_Alma

Senior Member

12,198 posts
Jun 28, 2012 10:07 PM
DeyDurkie5;1214670 wrote:So you don't put your money in any bank? Or you just picked the most retarded answer to respond with?
Uhhh, yeah. Why would you think I don't based on that answer?

The original poster offered features as examples that may determine such a choice. That lends to the inclination he was seeking for why certain banks would be chosen.

I offered that answer. I didn't base the decisions on size nor potential "vulnerability" due to leveraged values but rather location.

The question was which bank do I prefer. I prefer the closest one to my home.
Jun 28, 2012 10:07pm
G

gut

Senior Member

15,058 posts
Jun 28, 2012 10:23 PM
In my experience, they are all pretty much the same. Just shop for the best rates on credit, savings and mortgages. I wouldn't worry about solvency so long as you have less than $250k in there (which should never be the case unless you're filthy rich - it should be invested). OK, exception if you have a 2-3 kids getting ready for college and you don't want to be caught in a bear market.
Jun 28, 2012 10:23pm
GoPens's avatar

GoPens

Senior Member

2,339 posts
Jun 28, 2012 11:59 PM
ts1227;1214553 wrote:But Salem doesn't have a local bank worth a damn IMO
Never had an issue with Farmers.
Jun 28, 2012 11:59pm