4 ms·

As someone who has never really done "offline banking", I don't really understand how this works? Do you maintain your own ledger of all your accounts and their

by notJim 6y ago

As someone who has never really done "offline banking", I don't really understand how this works? Do you maintain your own ledger of all your accounts and their balances? Or are you driving over to the bank to check on things once or twice a month? If you have to transfer between accounts, do you go to one bank, get a check, then go to another bank? And this means you're entirely excluded from low-cost banks that don't have branches? Honestly this is kind of blowing my mind. I've only been to the bank one time in probably a decade, and it was when I needed a $30k check to buy a car. Even my mortgage was done mostly over email (though they did send a guy out to have me sign paperwork.)

flohofwoe 6y ago
Honestly, I'm not sure if you're trolling or not :) But in case not: I have one account at one bank. I think there's a monthly fee on the account, but TBH I don't know how much, in any case it's not nearly enough to consider changing to other banks. Recurring payments (e.g. rent, internet, power etc...) are handled through automatic orders which I had setup once. For the very rare cases where I need to pay a bill "manually" there are service machines in the branch office's lobby, which is about 5 minutes walking distance from my home.
- notJim 6y ago
  Not at all trolling :). Your setup sounds like it would be unusual in my spheres, where most people have probably close to a dozen different accounts (credit cards, retirement accounts, investments, mortgages, etc.) Online banking is very convenient for managing all this info.
DoreenMichele 6y ago
You get paper statements. Yes, you keep a ledger (ye olde "checkbook") and you write checks, use your debit card or get cash. (No, I no longer do this. I'm just old enough to remember a time before online banking existed when the hot new thing was being able to check your balance via the automated phone system.)

by notJim 6y ago

flohofwoe 6y ago

Honestly, I'm not sure if you're trolling or not :) But in case not: I have one account at one bank. I think there's a monthly fee on the account, but TBH I don't know how much, in any case it's not nearly enough to consider changing to other banks. Recurring payments (e.g. rent, internet, power etc...) are handled through automatic orders which I had setup once. For the very rare cases where I need to pay a bill "manually" there are service machines in the branch office's lobby, which is about 5 minutes walking distance from my home.

notJim 6y ago
Not at all trolling :). Your setup sounds like it would be unusual in my spheres, where most people have probably close to a dozen different accounts (credit cards, retirement accounts, investments, mortgages, etc.) Online banking is very convenient for managing all this info.

DoreenMichele 6y ago

You get paper statements. Yes, you keep a ledger (ye olde "checkbook") and you write checks, use your debit card or get cash. (No, I no longer do this. I'm just old enough to remember a time before online banking existed when the hot new thing was being able to check your balance via the automated phone system.)