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ceagleBulletin Timeline 2009: Washington Mutual, and nice and useful bank, is bought out by Chase (sometime in the last year or two), quickly taking away features from customers, such as free no-strings-attached checking. Customers leave, ...within 3 months Chase sends old customers a plea to "come rejoin and we'll give you $250!" Fine print... must stay at least 6 months or you don't get the funds, and we're still gonna charge you for checking ;P
Bulletin Timeline 2013: Bank of America, where eagle has banked since he first had a job, now decides that, after all these years, it must become a run-of-the-mill bank too, finally eliminating all of its no-strings-attached free banking plans also, and charging a new $12 a month fee.. and you don't even get any interest on your funds. Genius!
Bulletin Timeline the last few years: Credit Unions offer interest on deposited funds, between 2.5% and 5.5% sometimes, have a network of facilities so you can use atms fee-free all over the country, and don't charge for checking accounts... TRUE genius!
....Many times over the years, B of A has been able to pull some strings to keep my account free, but now the manager says there is *nothing* they can do... thanks New Millenium! ...so the sad news is, after all these years, I'm probably just going to have close my ole B of A account ... ;p With a mortgage I gotta be careful not to spend on useless stuff like $100plus a year on something that's free and even Better somewhere else...
BTW... if you still want a bank that has some free checking accounts, U.S.Bank does, so I keep a little bit in there as a smidge of emergency savings. They don't pay interest but at least its free if you ask for one.
Up until a couple years ago, Foothill Federal Credit Union was paying the 5.5%, ... I think it is currently 2.5% so that's 2 or 3 dollars a month paying The Customer to bank with them, so that's where our family does its main banking. I recommend them ^v^ ... Am still nostalgically sad to see B of A take the stupid business route though...
Bulletin Timeline 2013: Bank of America, where eagle has banked since he first had a job, now decides that, after all these years, it must become a run-of-the-mill bank too, finally eliminating all of its no-strings-attached free banking plans also, and charging a new $12 a month fee.. and you don't even get any interest on your funds. Genius!
Bulletin Timeline the last few years: Credit Unions offer interest on deposited funds, between 2.5% and 5.5% sometimes, have a network of facilities so you can use atms fee-free all over the country, and don't charge for checking accounts... TRUE genius!
....Many times over the years, B of A has been able to pull some strings to keep my account free, but now the manager says there is *nothing* they can do... thanks New Millenium! ...so the sad news is, after all these years, I'm probably just going to have close my ole B of A account ... ;p With a mortgage I gotta be careful not to spend on useless stuff like $100plus a year on something that's free and even Better somewhere else...
BTW... if you still want a bank that has some free checking accounts, U.S.Bank does, so I keep a little bit in there as a smidge of emergency savings. They don't pay interest but at least its free if you ask for one.
Up until a couple years ago, Foothill Federal Credit Union was paying the 5.5%, ... I think it is currently 2.5% so that's 2 or 3 dollars a month paying The Customer to bank with them, so that's where our family does its main banking. I recommend them ^v^ ... Am still nostalgically sad to see B of A take the stupid business route though...
