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I would recommend checking out Charles Schwab or a local credit union. I have account at Schwab (investing and general checking), local credit union (for a cred
by dieselgate 4y ago
I would recommend checking out Charles Schwab or a local credit union.
I have account at Schwab (investing and general checking), local credit union (for a credit card and business checking), and Wells Fargo (because an account was opened for me as a toddler).
Wells Fargo is by far the worst but I just hold minimums to prevent fees (fees having a checking account is the most rubbish thing ever) to avoid a hit to credit score.
Schwab has a good mobile app and website, great customer service, and offers great checking accounts (full atm reimbursements and no fee international, no minimums to open an account). I have found the Chase app to be pretty poor.
Just some data points and I’m speaking about what works for me. Super happy I went to Schwab but do your own research if desired
- TedDoesntTalk 4y agoI’ve read that Schwab checking has NO fees. If you overdraw, the check/draft doesn’t clear and you don’t pay any fees to Schwab.
- dieselgate 4y agoWasn’t sure on this but according o NerdWallet Schwab will not charge an overdraft fee if they’re able to transfer funds from a savings or brokerage account. Not sure about specifics. Schwab doesn’t have anything obvious on their site about overdraft but I’ve never paid any fees to them for anything https://www.nerdwallet.com/article/banking/overdraft-fees-what-banks-charge https://www.nerdwallet.com/article/banking/overdraft-fees-wh...
- KennyBlanken 4y ago"Pull from another account" is common but also potentially very dangerous if you intentionally don't keep a lot of funds in your checking/debit account to limit the damage someone can do with a fake check or your debit card.
- rationalist 4y agoIs your only Wells Fargo account, a checking account? I didn't think checking accounts had any impacts on credit scores? Or do you have a credit card with them?
- dieselgate 4y agoUgh they were my primary bank until about 5 years ago so I have one cc and checking/savings. Hope to close the account in a few years, maybe I should do more research on the credit score impacts but good riddance can’t wait to close
- piperswe 4y agoIn 99% of cases, checking and savings accounts do not impact your credit score whatsoever. The only cases where they do are cases where the bank does an inquiry when you _open_ the account, but closing any checking/savings account should have no impact.
- IG_Semmelweiss 4y agoSchwab stock value has gone down a lot because they are presumed to be under the same pressure that brought down svb
- dieselgate 4y agoFudge good call out am starting to see these articles now