+ 100% FREE
+ Unlimited Credit Reports
+ Unlimited Credit Scores
+ Credit Monitoring Protection
+ Credit Improvement Tips
+ Automatically Finds Savings
No credit card needed
I really prefer to bank locally when I can. I'm not opposed to big national chain banks, but I do like to support the community that I live in. That's why I went a few weeks ago to open up a checking account with the Brooklyn Coop Federal Credit Union. I must say, that although they are thorough in the opening procedure (ie: you need to live within a certain radius of the central branch location), I couldn't be happier with their service thus far. I got my checks and card in the mail promptly and was able to open the account with a very modest initial deposit. It hasn't been that long yet, but from what I see so far, this credit union is a winner.
I cannot begin to tell you how pleased I am with USAA Bank! I have gone through many banks, both big and small, but this bank is without a doubt the best I have ever encountered. I've been with them for just over a year now. I would have joined sooner, but I didn't think I was eligible. However, now that I'm a member here, they offer a full run of services that they can tailor to you. I have numerous accounts with them and the customer service has been above what I could have ever hoped for. They have checking, savings, mutual funds, brokerage services, credit cards, you name it. I have moved the majority of my banking over to them and plan to recommend them to all of my friends and family.
I was a member here for many years prior to moving out of the area. This credit union specializes in women and low income families, however, it is open and available to anyone in the area. It's a great community bank that sponsors many activities that help small biz owners in the community to achieve their goals. The range of products they offer is very impressive for a small local institution, and I have nothing but wonderful things to say about the staff. They are courteous and helpful. High marks all around for Alternatives. The only small detractor would be that their network of ATM's is very limited. But honestly, it’s not that big of a deal.
I have been a longstanding member of the People's Alliance Federal Credit Union. I can say without fail that this is one of the top credit unions near me. The application/account opening process is very easy, although it takes a little bit of time (remember it’s a very small credit union). From there, everything works smoothly. Online access, bill pay, direct deposit, you name it, they've got it covered. One of the best benefits that I've found is that they offer a number of credit building programs to their members, such as secured loans, secured credit cards, and many more. I really needed this help from them and found everything I could hope for. Thumbs way up.
Alright, 2 months ago I walked into a local TD Bank in NYC and asked to open an account. I was drawn to them due to the fact that they are open for full business hours on Saturday AND Sunday. I walked in with my ID and some cash, and no more than 10 minutes later, I walked out with a new checking and savings account, with almost non existent minimum balance requirements, and my official bank issued ATM/debit card. I cannot say enough good things about TD Bank. I have converted all my direct debits/deposits to them. Their customer service is top notch and they have the feel and attitude of a local credit union, but with a big bank presence.
Recently, I was in the market for a new CD savings vehicle. I had done my homework, shopped around online, and overall determined the top interest rates for various lengths of CD's. I found the interest rate for a 6 month Chase CD to be quite appealing. It was essentially on par with what most institutions are paying right now, but it was ultimately the ease of use that led me to go with Chase. The opening and application process was very easy. I was able to do everything online, without even having a Chase checking account. I was able to transfer from my outside financial institution, and the entire process was very very quick and easy. High marks!
A few years ago, I was in need of a pretty standard secured credit card. Wells Fargo happens to offer one of these and overall it was a great card that was fair, upfront, and easy to use. I should preface this by saying that there is one large detractor to it, the fact that in order to apply, you need to be a customer of Wells Fargo. However, if you are a customer, you're pretty much set up to go. You can apply online and have the security deposit debited directly from your Wells Fargo checking or savings account. The interest rate is pretty low for a secured card, and the annual fee is also quite modest. Your credit limit is equal to whatever you deposit into a collateral account, and they offer a full grace period. I recommend checking it out if you are in need of a secured card.
I HAD been a BofA customer for many years. The service was never anything to write home about, but it was serviceable enough. My main reason for sticking with them as long as I did is simply because they are so national. I mean, regardless of what city I found myself in (I travel a lot) there was always a BofA somewhere nearby. However, after numerous incidents where my account balance would inexplicably drop, I had had enough. The process to get an account closed is just horrendous. There is no easy way to do it. I've read online that your account is never actually closed. Be careful, make sure if you do close the account, that you cancel any and all automatic debits from your account. Otherwise you'll wake up one morning and find you owe them for all sorts of crazy overdraft fees.