It's time for a new bank due to new charges by my current bank. I'm thinking online banking might be a winner for me. I'd like to hear about your experiences with online banking, and who is currently the best to go with. Complete with Snowflake inside!
So I've got Wells Fargo currently, and while I have no particular hate towards them, they have decided that they want to start charging $3/month to use a debit card as a "test" program
for four states starting in October. Their fees also seem high in general and interest is non-existent. I'm already under the assumption that "test program" is code for "permanent." As a result, they are losing my business. I've seen ads come in from ING Direct as I already have a Sharebuilder account, and I'm thinking that online might be best for me. I have done only one transaction inside a bank in four years of having the account.
My wants when it comes to a bank are (in order):
- No minimums.
- Very low or no fees. I don't want to pay for transfers, ATMs, Debit Cards, Checking, Direct Deposit, etc.
- Easy access. Android App would be sweet.
- Plenty of free ATMs.
- Good interest rates for Savings and/or checking.
- Decent customer service. Bonus points for North American based customer service.
- Compatible with a trading service. I use Sharebuilder now mostly for putting cash into no-load, no-fee mutual funds. I'm not impressed with it, but it is easy to work with. I'd like to do more stock trading and would like to pay less than $10/trade that I do now. I know ING and Sharebuilder will connect for easy transfers, but do they give discounts?
- Ability to start an IRA
I'm in Portland, OR, if there are any brick and mortar banks that match my needs. So MeFis, who do you love?