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Yes, there are many advantages to a community bank or credit union. However, there is one problem that outweighs all those benefits. No ATMS! If you get an ac
by Apreche 17y ago
Yes, there are many advantages to a community bank or credit union. However, there is one problem that outweighs all those benefits.
No ATMS!
If you get an account at a huge bank like Chase, Bank of America, or HSBC, there are branches and ATMs everywhere you go. A community bank is fine if you're the kind of person who stays in one place and never moves. If you travel a lot, a local bank is useless.
What would be nice is if we could get the benefits of a local bank, but have branches all over the country/world.
- bdonlan 17y agoI don't know about you, but my community bank offers automatic refunds for ATM fees from third-party ATMs.
- andrewcooke 17y agothere's a comment on metafilter addresing this - http://www.metafilter.com/87921/If-Potter-gets-a-hold-of-this-building-and-loan-there-will-never-be-another-decent-house-built-in-this-town#2883705 http://www.metafilter.com/87921/If-Potter-gets-a-hold-of-thi... Lots of these banks are part of an ATM consortium called SUM, and so you don't really lose out on the main benefit of the big banks. If we can find a SUM ATM (they're everywhere) then there's no fee for using it.
- fishercs 17y agohttp://www.moneypass.com/ http://www.moneypass.com/