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Change of Pace: Consolidating banks - The Autobiography of Russell
Life from a different perspective
zimzat
zimzat
Change of Pace: Consolidating banks
While I worked at my last job they had a Wells Fargo ATM in their lobby. The cafeteria only took cash or check (really?) so I had to get cash out of it on a fairly frequent occasion. My only bank account at the time was through Chase (formerly Washington Mutual, RIP) so I was getting charged a fee. To get around that I got an account at Wells Fargo (there was a branch just up the street from the office) and had a few hundred of my paycheck redirected to it. Now I have two banks, each with their own savings and checking account and both with notable balances.

Now that I don't work there anymore I'm considering consolidating my accounts. Since I'm doing that I may as well switch my primary as well, but the problem is deciding where to go instead. Given the bank movement lately it should probably be a credit union. I have little knowledge of credit unions around here, but the critical issue will be that I'm still planning on moving to Seattle come March/May next year. Ideally they'd need ATM network access, online banking, mobile/online deposit, and a few other features. Mint probably has a few suggestions on banks I could switch to, and I've been using Find A Better Bank to compare features, including online-only banks.

Does anyone have any recommendations for credit unions or online-only banks that weren't bailed out? (Ally sounded nice, but they're just a front for/rename of GMAC, which was bailed out)

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Current Location: Atlanta, GA
Current Mood: contemplative contemplative

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Comments
mai_neh From: mai_neh Date: November 6th, 2011 04:47 pm (UTC) (Link)
I use E-Trade Bank as my online bank, but I would not recommend them, their customer service is unusually bad and I've been phasing them out.

Most credit unions, or maybe all?, can only accept members who belong to a specific subgroup of the population, typically based on family employment, so I can't recommend mine.
zimzat From: zimzat Date: November 6th, 2011 08:11 pm (UTC) (Link)
Thanks for the tip on E-Trade Bank. Good to know who to avoid too. :)

I heard there are some credit unions which have expanded their membership. There was an article I read outlining 7 good banks (although one of those was Ally, so I call that article into some question), and apparently the biggest credit union is in Illinois. Some of the ones they outlined allow you to do things like, oh, donate to a specific charity and get membership for life, etc.
From: anarchomo Date: November 7th, 2011 10:09 am (UTC) (Link)
All the credit unions I know of are only for my region, but here's a locater that might help:

http://moveyourmoneyproject.org/find-bankcredit-union
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