I'm using ING Direct - it could be the best bank EVER
Who do you bank with?
- Thread starter laura
- Start date
I use Washington Mutual and have had no problems, for my mortgage & car loans I use my local credit union as they offered the best interest rates.
My worst experience with a bank was USBank - I had been banking with them for 15 years before their policies pissed me off. Two year ago I still owed $14,000.00 on a $100,000.00 business line of credit. When I closed the business I asked the bank if the terms of the loan would change - I was told no. I had opened the line of credit in the early 90s and had never missed a payment and never had a late payment. The payments where automatically withdrawn from my business account. As the balance went down so did my payments - in 2005 the bank changed the terms of the loan from prime plus 1% to 5.9% plus whatever prime interest was. This was legal and I have no problem it.
What pissed me off was when they told me that I was a risk because I had too much unsecured open credit available. They offered to close the line of credit and restructure it into an unsecured 48 month loan. I said fine, I didn't need the line of credit anymore. When I got to the bank & read the terms I found out that they were offering the unsecured loan at 21.9%!!! Why? Because it was a high risk unsecured signature loan. I thought bull **** - they where trying to rope me into a more lucrative loan that would make the bank even more money!!! The whole deal was really offensive. I ended up taking some proceeds from the sale of my house and just paying the loan off.
Which I should have done anyway...
My worst experience with a bank was USBank - I had been banking with them for 15 years before their policies pissed me off. Two year ago I still owed $14,000.00 on a $100,000.00 business line of credit. When I closed the business I asked the bank if the terms of the loan would change - I was told no. I had opened the line of credit in the early 90s and had never missed a payment and never had a late payment. The payments where automatically withdrawn from my business account. As the balance went down so did my payments - in 2005 the bank changed the terms of the loan from prime plus 1% to 5.9% plus whatever prime interest was. This was legal and I have no problem it.
What pissed me off was when they told me that I was a risk because I had too much unsecured open credit available. They offered to close the line of credit and restructure it into an unsecured 48 month loan. I said fine, I didn't need the line of credit anymore. When I got to the bank & read the terms I found out that they were offering the unsecured loan at 21.9%!!! Why? Because it was a high risk unsecured signature loan. I thought bull **** - they where trying to rope me into a more lucrative loan that would make the bank even more money!!! The whole deal was really offensive. I ended up taking some proceeds from the sale of my house and just paying the loan off.
Which I should have done anyway...
Yeah, I've heard bad things about USBank too, and we have those here. This whole thing has just been a PITA and seriously, none of the fckers taht I have talked to are straight on their policies. Everyone has told me something different and so far only one person has been right.
I do exactly the same thing. Ever since I discovered the wonderful world of credit unions, I've been giving a big FU to banks. All banks suck. Every one of them.
ING doesn't.
I use bank of america, they have pissed me off a couple times but I have had the account forever so who cares.
I also have two accounts with onpoint credit union (formerly called portland teachers CU)...they are really nice to work with but the only reason I even have the accounts is because it was a stipulation of my car loan (they had the best rates at the time).
However, after working with them and seeing how they fix problems I am really really tempted to ditch BOFA completely and go with a local credit union. However, I travel a lot and the lack of locations is a major PITA.
I also have two accounts with onpoint credit union (formerly called portland teachers CU)...they are really nice to work with but the only reason I even have the accounts is because it was a stipulation of my car loan (they had the best rates at the time).
However, after working with them and seeing how they fix problems I am really really tempted to ditch BOFA completely and go with a local credit union. However, I travel a lot and the lack of locations is a major PITA.
Don't most CUs offer fee refunds for ATMs?
Come on, its common knowledge...
EFF.org FTW
http://www.smh.com.au/news/breaking/xerox-printer-codes-track-documents/2005/10/18/1129401224436.html
I have a local checking account, was using PayPal for about $5K in miscellaneous savings, since they're paying over 5% on the average, but it's uninsured and based on risky investments, so I'm planning to move it from PayPal to ING's Orange account - they're FDIC insured, and we can all trust the government, right?
I bank with BankNorth and a small local. I went with BankNorth because of no fees for anything. I get no interest, but I'm not losing money from fees.
The small local I went with does the same thing. I don't have an ATM card with the small local, but I only use it for my truck expenses.
The small local I went with does the same thing. I don't have an ATM card with the small local, but I only use it for my truck expenses.
No interest?
I keep money for my monthly expenses and a checking acount at a credit union acount. My savings is in a money market through Vanguard, an easy way to get 5% with no fees.
I've got 5 or so accounts at Wachovia. I do all my personal and business banking there. Never had a problem. I opened my first account at First union at home before I went to college, and have never had a problem finding an ATM.
Now there is a branch 2 blocks from my apartment, and if I ever have a problem, they actually know who I am too. Probably because I've been there so many times opening accounts!
(Slight spam: they also have a kick a$$ brokerage firm, which has almost nothing to do with the general bank)
Now there is a branch 2 blocks from my apartment, and if I ever have a problem, they actually know who I am too. Probably because I've been there so many times opening accounts!
(Slight spam: they also have a kick a$$ brokerage firm, which has almost nothing to do with the general bank)