Bank Help

[PANDFAN]

have a local bank to have the ability to cash checks, write checks etc...however using an online bank such as ING is a smart option.....they have the highest interest rates around for a savings account...u just use this to be ur main $ holder and then transfer money to local bank if u need to get cash out etc..

 

[Veer option]

I've had problems finding a good bank lately. I went to two recently, one said they required blood to make a withdrawl and the other put me in a room with dirty magazines when I said I'd like to make a deposit? WTF?

Dirty magazines and blood letting? Sounds like a place I could do some *ahem* business with.

 

[RDU Irish]

I never got into debit cards and my bank looks at me funny when I say I don't even have it on me and expect service by showing my drivers license. Screw those things. Credit card has $50 of liability to the owner and that is usually waived. I understand debit cards to be direct access to your account and no similar protections.

PNC/RBC has a good rep and if you are in MD that may have plenty of local presence.

TT has it right, Reward Card and pay it off every month. A local bank for transaction free cash withdrawals and check deposits is pretty key too. You can link about any account for direct $$ transfers between accounts and institutions so you can make the most of where the money needs to be without fees.

Banks are over-regulated, send your cut up cards to Barney Frank instead of BofA. I am sure plenty of other banks will soon follow suit.

 

[Rack Em]

I switched to Charles Schwab before I studied abroad a year and a half ago. No ATM fees and they reimburse all ATM fees from other banks at the end of the month. I've never had a complaint with them.

 

[crzychris]

F'ing NFLX.

Haha something tells me you had some money invested in good ol' NFLX stock.

By the way this isn't exclusive to of BoA...most large banks are going to try and recoup what they have lost with the new limits in credit card swipe fees.

Banks Plan New Fees for Using Debit Cards - WSJ.com

 

[Veer option]

Haha something tells me you had some money invested in good ol' NFLX stock.

Holy cow I didn't realize how badly their stock has dropped, I am glad I never bought in.

 

[TerryTate]

Yeah that CEO's disaster handling the fee hike & DVD segment spin off hit me right up the tailpipe.

That could have been the most inept communication strategy I've seen in a long time.

Glad I'm diversified.

 

[Veer option]

Yeah that CEO's disaster handling the fee hike & DVD segment spin off hit me right up the tailpipe.

That could have been the most inept communication strategy I've seen in a long time.

Glad I'm diversified.

They didn't send you a stock holder summary explaining their forth quarter strategy?

 

[TerryTate]

They didn't send you a stock holder summary explaining their forth quarter strategy?

No, I didn't get the memo.

60% decline in stock price = good 4th quarter strategy

 

[Kingbish01]

The last time the internet got this upset, Netflix took a huge hit. We will see

And I shorted the stock and CRUSHED IT!

 

[Me2SouthBend]

As Randy Moss once said "straight ca$h Homey"

 

[Kingbish01]

No, I didn't get the memo.

60% decline in stock price = good 4th quarter strategy

On a stock note, you should have seen the stunt I pulled with BLOAQ over the last couple weeks. Bought it at .06 sold it at .37

 

[TerryTate]

On a stock note, you should have seen the stunt I pulled with BLOAQ over the last couple weeks. Bought it at .06 sold it at .37

I don't have the balls to mess with pennies.

 

[Veer option]

I don't have the balls to mess with pennies.

Truth. I had a hard enough time buying into GE at 16 and waiting for it to 21.

 

[Kingbish01]

I don't have the balls to mess with pennies.

I never mess with the pennies either. I would rather go to Vegas put it all on black, then I at least get to watch the little ball bounce. First time I ever did it, but my goodness gracious did it ever pay off. The SEC suspended trading yesterday, got out at closing the day before. Super Lucky.

 

[FLDomer]

This is completely unrelated to sports and for that, I am sorry.

I just read that Bank of America is gonna start charging $5 to use their debit card and that just put me over the edge with them. I have had numerous problems with them and this was the final straw.

I am researching for a new bank. Any type of recommendations or advice would be greatly appreciated.

PNC, they have free checking and free debit cards! I used to be at BofA and PNC has been great so far!

 

[TerryTate]

Got in GE at 8 bucks.

Glad the Blockbuster penny worked out. I had no idea they halted trading on that thing. If you can catch a winner, those things pay out like crazy, but you can lose it all in a day.

 

[Veer option]

Got in GE at 8 bucks.

Lucky guy. I should have got out when I had the chance, at least I will collect some decent dividends waiting for the price to recover.

 

[TerryTate]

Lucky guy. I should have got out when I had the chance, at least I will collect some decent dividends waiting for the price to recover.

I don't "trade," I'm locking stuff in for the long haul. This market isn't going to stabilize for another 2 years. Until then, I'm going to buy on dips.

 

[Veer option]

I have my long term/growth stocks as well but, I usually do a bit of short term flipping to make a little extra spending money. It adds a little excitement throughout the day.

 

[Kingbish01]

I have my long term/growth stocks as well but, I usually do a bit of short term flipping to make a little extra spending money. It adds a little excitement throughout the day.

+1

 

[RallySonsOfND]

This part was right.

Banks needed to reign in their heavy leverage on financial instruments. They were too risky, and when the MBS market crashed, they were at risk of defaulting. If the banks fail, the economy stops working - companies can't get money. If the economy stops working, we go into depression.

Government intervened to stabilize the banks. Banks aren't lending due to the increased capital requirements & conservatism, and the economy is not getting enough money injected into it - hence the expensive government spending.

Not saying the stuff they're spending it on is right, just explaining the thought process.

Same **** as FDR - Bernanke is actually pretty smart

No, my entire statement is right. It is basic economics, (I happen to be an Economics major). But I am not about to explain all the reasons why and get into a debate on here.

When the government spends money, it is like taking money from one person and giving it to another person to spend. There is NO economic growth there.

 

[crzychris]

Yeah that CEO's disaster handling the fee hike & DVD segment spin off hit me right up the tailpipe.

That could have been the most inept communication strategy I've seen in a long time.

Glad I'm diversified.

Netflix Abandons Qwikster Plans - WSJ.com

Well looks like their reverting back to the way things were 4 months ago....took a $200 hit on their stock price to realize that people still like their DVDs.

 

[TerryTate]

No, my entire statement is right. It is basic economics, (I happen to be an Economics major). But I am not about to explain all the reasons why and get into a debate on here.

When the government spends money, it is like taking money from one person and giving it to another person to spend. There is NO economic growth there.

You said that it was the fault of the government, which it is not. The government reacted to the possible default of 4 of the largest banks in the world that would have had ripple effects across the globe. Europe is a delayed effect of our recession, and their own ****ty lending practices. They have even less regulatory laws and their banks were not subject to the stress tests our government used.

I was a finance major.

 

[irish4ever]

Pizz in the banks, just carry cash!

 

[IrishinSyria]

I switched to Charles Schwab before I studied abroad a year and a half ago. No ATM fees and they reimburse all ATM fees from other banks at the end of the month. I've never had a complaint with them.

+1

Everybody tells me that I should switch to USAA now that I'm in the army, but I was so happy with Chuck when I was living in Syria and traveling to other countries (except for Romania, apparently credit card fraud is so endemic there that American banks refuse to allow ATM withdrawals there. Really wish I'd known that before I got to the Bucharest train station, but I digress...) that I really don't feel the need. So Charles Schwab or USAA or a local credit union would be my recommendations.