Scheduled Maintenance: The site will be offline Tuesday, January 14, at 8:00 PM Eastern (01:00 UTC) for a forum software update. The update should take less than 1 hour.
Keeping the thread rolling! Where do you bank, how many accounts do you have, and how you manage them?
I've pretty much settled into Chase for personal and business banking where I have 2 personal checking accounts (one that passes only mortgage and tuition payments) and one business account. I'm using Vanguard Cash+ for Emergency Fund and a single brokerage for our investments. Trying to keep it simple after losing the COVID years games and going into debt. We used to have a dozen credit cards but I've closed out everything except Amex Delta and our Costco Visa.
USAA is our only checking account. They do what we need in terms of acting as a transaction clearing account. Our needs are simple. Most transactions are automatic direct debit or direct deposit. Once or twice a month there might be a "check" issued through the bill pay feature.
AMEX is our only savings account. It serves mainly as a holding place for our annual estimated tax payments. Everything is automated in April. Tax authorities debit he checking account. A couple of days before that AMEX pushes a lump into the USAA account.
Don't trust me, look it up. https://www.irs.gov/forms-instructions-and-publications
We use a local credit union for checking and bill pay and Marcus' HYSA for savings. We have just a couple credit cards that we use on a regular basis. Fidelity for all retirement and investing. Over the last couple years, I've worked on reducing credit cards and simplifying our bank accounts.
HSBC Premier for checking (no ATM fees) and quick access savings (with relatively high rate for a big bank)… wish they had proper Zelle integration and a “wealth center” closer to me (more nice to have), but I have a separate CapOne checking for dedicated Zelle transactions.
First National of Pittsburgh. Not exactly by choice. Our branch started as a local bank over 25 years ago. We bought stock in it and moved our accounts there a couple of years later when our favorite banker at a major bank retired. We liked knowing the principals of the bank that we could talk to if we had any issue, and going to the annual shareholders meetings.
But increased banking regulations since 9/11 have made it difficult for local banks. So it was bought out, three times, and now is a branch of First National. We now have only two checking accounts and a safety deposit box there, but stay there because we like having a local office for those occasional large deposits that can't be made by mobile phone, it pays some interest on checking, and can't see any reason to change.
Chase - business and personal checking, business credit card. ATMs/branches everywhere and Chase has the best tech of any bank I've seen. (I don't think any other bank offers free, instant ACH transfers). I keep cash in a money market at JP Morgan just to qualify for Sapphire checking. I thought it would be useful for avoiding ATM fees and international transaction fees, but we use cash so infrequently that it's not worth it.
BofA - Personal checking and credit card. Only use them for Preferred Rewards to get extra credit card cash back, but thinking of closing this year. There are no branches or ATMs convenient to us, and I prefer the Chase app and website. Plus, BofA's business accounts are not great.
Large-ish Regional Bank - Personal checking and money market. They are incredibly friendly if you call or go in, their rates are good for a bank, and they've been excellent for mortgages but their website and app are horrendous. They still don't support Zelle or eBills in 2025, and their app looks like it's out of the early 2000s. It's frustrating for day-to-day banking when you've seen what Chase is able to do.
We have three checking accounts at a regional bank (yours, mine, and ours), all offering a decent interest rate of 3.05% as of today. I use one account for monthly bills (mortgage, utilities, donations, etc.) and another one for my sinking funds. We also have access to a HYSA at Barclays and a Fidelity brokerage account. I was considering moving everything to Fidelity, but after the fiasco that Fidelity created this fall, I have abandoned this plan. I will always keep a chunk of money in my local B&M bank.
"A nickel ain't worth a dime anymore." Yogi Berra's financial wisdom.
I took a bet two years ago that First Foundation Bank would consistently keep their money market account in the top tier of interest payers. I have been proven correct so far, as they currently pay 4.5% APY on an MM account which I use like checking.
Cap1 for checking, no junk fees, no silly requirements, early DD, zelle, allpoint ATM, easy to use web and phone app.
VG MMF for savings.
Schwab/FIDO checking for international ATM.
runr wrote: ↑Wed Jan 01, 2025 1:33 pm
Cap1 for checking, no junk fees, no silly requirements, early DD, zelle, allpoint ATM, easy to use web and phone app.
VG MMF for savings.
Schwab/FIDO checking for international ATM.
This is my banking setup as well. Cap1 360 checking is nice for normal banking operations. No fees, clean interface, fast ACH transactions. And it allows 2-3 checking accounts without fees if one wants to isolate risky things like Zelle/venmo/paypal, debit card, checks and stuff. Also, Schwab for free ATM use. Also have a local CU for occasional in person banking needs.
livesoft wrote: ↑Wed Jan 01, 2025 8:03 am
Well, as Far as banking Goes, there's only one answer for us.
And Wells will even open an account for you without being asked. What service!
And Wells will even send you checks 8 years later saying that as a token of their gratitude and screws up in opening an account, or in taking out mortgage insurance in your name, or in over-charging for safe deposit boxes -- take these checks and deposit them in your Wells checking accounts. Seriously, my wife and I wonder why we're still doing banking at Wells (as a Premier client) -- though we did pull out all our tax-advantaged accounts from Wells when Wells Trade couldn't execute for us. It must be because we can have foreign currency delivered to our doorstep in 2 days upon request or that we still have a small mortgage with WFH Mortgage! Navy Federal Credit Union, despite having no brick and mortar branches in our area, is so much better to us than Wells, with higher CD rates and better service.
Day to day: Evil empire of B of A.... I want branded ATM's anywhere in the country, a safety deposit box and somewhere to do misc physical stuff (sig guarantees etc). Keep enough to avoid fees.
Emergency savings: Ally - easy, modern processes and decent if not the best rates.
|
Rob |
Its a dangerous business going out your front door. - J.R.R.Tolkien
Digital Credit Union. I feel spoiled. Zero minimums, zero fees, great customer service, free notary and Pope wax stamp medallion blessing.
Yesterday, I went with DW to Bank of America to close accounts she was co-owners on with her father who passed. We first went Monday and they said we had to have an appointment. Online, there were no appointments anywhere within 50 miles for a week. In person, they had tons of appointments Tuesday. We went in Tuesday and it took them 45 minutes to close an account. Really? At DCU, I could have closed an account, cashed a stack of $50k in savings bonds and gotten a notary stamp in less time. Why do people put up with any commercial bank? Is it that you just like having minimum balance requirements, horrible customer service and fees for everything?
According to Bank of America, they have 16,000 ATMs. Quite impressive. Credit unions in the Co-op network allow use of member ATMs for free as if it's your home CU ATM. They have 30,000, so not quite double what BoA has. I guess Darth Vader needs to get on the stick and open more.
Checking is just another account at brokerage which (when you click on it) sports a nifty little FDIC logo in the page corner.
"Savings" is a money market fund and some t-bills in a brokerage account (that has other stuff in it too).
No fees, no minimums and all ATM's are "free" due to reimbursement including internationally.
Zero need for a stand alone bank or even a seperate "savings account" going on maybe 20 years now.
The kids have never had separate banking - brokerage/checking combo since high school and now in their 30's.
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.
Jack FFR1846 wrote: ↑Wed Jan 01, 2025 2:31 pm
Why do people put up with any commercial bank? Is it that you just like having minimum balance requirements, horrible customer service and fees for everything?
This is an unpopular opinion, but I don't like credit unions. My experience is that their technology is inferior to big banks and more complex transactions (like international wires) can turn into a hassle. Plus, I've never had a problem using my big bank ATM card overseas, but I've been on trips where travel companions could not get their credit union ATM cards to work.
I get why people like credit unions, but I'll be sticking with the commercial banks purely out of convenience.
Jack FFR1846 wrote: ↑Wed Jan 01, 2025 2:31 pm
Why do people put up with any commercial bank? Is it that you just like having minimum balance requirements, horrible customer service and fees for everything?
This is an unpopular opinion, but I don't like credit unions. My experience is that their technology is inferior to big banks and more complex transactions (like international wires) can turn into a hassle. Plus, I've never had a problem using my big bank ATM card overseas, but I've been on trips where travel companions could not get their credit union ATM cards to work.
I get why people like credit unions, but I'll be sticking with the commercial banks purely out of convenience.
And not all banks fit that description. My USAA account has no minimum balance, I can use almost any ATM in the country for free. The bill-pay service suits my minimal needs. They have never screwed up a single transaction, debit or credit in my account. I can lock down the ATM card and the credit card, neither of which I use frequently, and unlock them with the USAA app if I ever need them.
Don't trust me, look it up. https://www.irs.gov/forms-instructions-and-publications
Schwab as one stop for everything. Great customer service, free atm withdrawals globally, no charge overdraft from brokerage, bill pay, free wires, $200 off Amex platinum…
I’m really surprised more people aren’t saying they do all banking with Fidelity. In the next month, I’ll be helping a young (22 year old) family friend setup banking with Fidelity (including Fidelity Visa and his first IRA account). Currently, he banks with Wells Fargo and uses a Discover card. I don’t have any evidence, but I believe Fidelity will provide a higher interest rate on his checking/savings acts and lower ATM fees (assuming he does ~5 atm transactions per year at non-Wells Fargo ATMs). Regarding Discover, I also have no evidence of him being underserved but my own past experiences with Discover have me convinced the Fidelity 2% Visa will be a better fit to his banking at Fidelity.
The dearth of respondents saying they bank at Fidelity has me rethinking my plan. I could just as easily get him a Navy Federal Credit union acct (that’s where I bank) but I think Fidelity fits his total picture and future needs better.
I moved all my banking to fidelity a couple of years ago to take advantage of having interest on checking account.
I haven't had any issues. I guess if it ever causes a problem for me, I'll move somewhere else. But I'm happy to get the ~100-200 extra dollars a year.
We're looking for creating a joint account soon as newly weds, and I'll probably push for Fidelity.
"Learn every day, but especially from the experiences of others. It’s cheaper!” -- Jack Bogle
Fidelity for 99% of everything and then I have a local account that has a very low minimum balance in case I need to do anything in person such as a Medallion signature.
As to why, Fidelity lets you use money market funds for your checking account which automatically liquidate to satisfy withdrawals, their ATM card for their CMA will reimburse any fees from any ATMs, they don't charge you for bank wires, and they don't have minimums on any account. I have the vast majority of my portfolio at Fidelity for a while now and I've been quite happy.
Paycheck, paying bills, and short-term savings: Wealthfront individual cash account, currently 4%. I’m not worried about a Yotta-style debacle with them. Their app is designed to make you also invest in their brokerage, but this is easy to ignore.
Emergency savings: Vanguard VMFXX in brokerage (I tried the Cash Plus account and it just wasn’t compelling)
Cash back from Apple Card: Apple Card savings account, currently paying 3.9% (Goldman Sachs… for now!). This was my primary savings account until starting Wealthfront this year and splitting off emergency savings to Vanguard. I empty it at the end of the month for a little treat. I’m thoroughly in the Apple ecosystem and the Apple Card interface keeps me honest about my spending. I only use other cards for very specific purposes.
Minimal balance and paper checks I’ve not used in years: local credit union
Everything tracked through the Copilot app on my phone and computer.
We've always just used our bank for checking and credit cards, all of our money is held in brokerage accounts. I don't really use many banking features otherwise, online check deposit works fine, website/app works fine, can push/pull large sums via ACH no problem, and I've never had any issues with BoA in the 20 years we've had accounts with them.
For banking we use Bank of America because I like their rewards credit cards, we keep 100k in a Merrill Edge brokerage account to give us Platinum Honors tier rewards which gives us: 2.62% unlimited cash rewards, and 5.25% category awards (up to 20k/y, have 2 of those cards). Last year we got 3.2k in cash back from our annual spend of 120k
Betterment for checking because I travel internationally frequently and this refunds all atm fees used globally and other than that a hysa with bmo alto
Weathering wrote: ↑Wed Jan 01, 2025 4:08 pm
I’m really surprised more people aren’t saying they do all banking with Fidelity. In the next month, I’ll be helping a young (22 year old) family friend setup banking with Fidelity (including Fidelity Visa and his first IRA account). Currently, he banks with Wells Fargo and uses a Discover card. I don’t have any evidence, but I believe Fidelity will provide a higher interest rate on his checking/savings acts and lower ATM fees (assuming he does ~5 atm transactions per year at non-Wells Fargo ATMs). Regarding Discover, I also have no evidence of him being underserved but my own past experiences with Discover have me convinced the Fidelity 2% Visa will be a better fit to his banking at Fidelity.
The dearth of respondents saying they bank at Fidelity has me rethinking my plan. I could just as easily get him a Navy Federal Credit union acct (that’s where I bank) but I think Fidelity fits his total picture and future needs better.
My big concern using Fidelity for day-to-day banking is that it could lock up bigger investment accounts (401K/IRA) or even get you banned for life from Fidelity for something seemingly simple. Not to mention their recent overreaction to check fraud and holding periods. I don't want to deal with that situation. It hasn't happened to me, but I don't want to wait until it happens.
Financial institutions are acting weird. There are many good banking options for daily financial needs. I see no reason to combine investment accounts with banking and risking everything. I tell my son (24yo) to keep them separate.
For those of you who have posted the year, decades ago, of opening an account and still using it, just know that if you went to close your account they would careless. Banking is sticky and they know it. Bank with who gives you the best overall rates and service.
Weathering wrote: ↑Wed Jan 01, 2025 4:08 pm
I’m really surprised more people aren’t saying they do all banking with Fidelity
In 2024 I migrated all of my taxable out of Ally into Fidelity except for my account with my local credit union (which is convenient to keep for access to the numerous local branches and the fact that they own my mortgage). My employer has the 401k and HSA accounts in Fidelity so it was easy to centralize there. Ally was cutting HYSA rates faster than lots of other places and using FDLXX instead made a significant difference. I find Fidelity's website easier and more reliable to use than Ally's and their accounts have fewer restrictions (no TOA fees, ability to donate securities in-kind, can buy mutual funds with no fees, has a good mobile app).
For credit cards I use Chase Sapphire and the Amazon card because they fit my spending patterns the best
tarheel91 wrote: ↑Wed Jan 01, 2025 8:30 pm
Not to mention their recent overreaction to check fraud and holding periods
I've seen the long hold period on check deposits in my CMA, but not my brokerage account. I agree it's stupid what is going on there but it doesn't actually cause me any inconvenience.
Weathering wrote: ↑Wed Jan 01, 2025 4:08 pm
I’m really surprised more people aren’t saying they do all banking with Fidelity. In the next month, I’ll be helping a young (22 year old) family friend setup banking with Fidelity (including Fidelity Visa and his first IRA account). Currently, he banks with Wells Fargo and uses a Discover card. I don’t have any evidence, but I believe Fidelity will provide a higher interest rate on his checking/savings acts and lower ATM fees (assuming he does ~5 atm transactions per year at non-Wells Fargo ATMs). Regarding Discover, I also have no evidence of him being underserved but my own past experiences with Discover have me convinced the Fidelity 2% Visa will be a better fit to his banking at Fidelity.
The dearth of respondents saying they bank at Fidelity has me rethinking my plan. I could just as easily get him a Navy Federal Credit union acct (that’s where I bank) but I think Fidelity fits his total picture and future needs better.
My big concern using Fidelity for day-to-day banking is that it could lock up bigger investment accounts (401K/IRA) or even get you banned for life from Fidelity for something seemingly simple. Not to mention their recent overreaction to check fraud and holding periods. I don't want to deal with that situation. It hasn't happened to me, but I don't want to wait until it happens.
Financial institutions are acting weird. There are many good banking options for daily financial needs. I see no reason to combine investment accounts with banking and risking everything. I tell my son (24yo) to keep them separate.
Curious what the concern is here. It’s not like your money disappears, the way this usually works is you get a letter/email from the financial institution saying they do not wish to continue the banking relationship. You get 30-45 days to move your stuff out to one of the other many good banking options you mention. If not the worst that happens is (Merrill has this bad habit) they liquidate your holdings and send you a check which of course might incur a hefty tax bill. But you still get a warning about impending closure.
My big concern using Fidelity for day-to-day banking is that it could lock up bigger investment accounts (401K/IRA) or even get you banned for life from Fidelity for something seemingly simple. Not to mention their recent overreaction to check fraud and holding periods. I don't want to deal with that situation. It hasn't happened to me, but I don't want to wait until it happens.
Financial institutions are acting weird. There are many good banking options for daily financial needs. I see no reason to combine investment accounts with banking and risking everything. I tell my son (24yo) to keep them separate.
Curious what the concern is here. It’s not like your money disappears, the way this usually works is you get a letter/email from the financial institution saying they do not wish to continue the banking relationship. You get 30-45 days to move your stuff out to one of the other many good banking options you mention. If not the worst that happens is (Merrill has this bad habit) they liquidate your holdings and send you a check which of course might incur a hefty tax bill. But you still get a warning about impending closure.
Money could disappear, at least for a short period of time.
Why subject myself to something onerous when I have other options.
I'm now using Fidelity CMA for most of my banking needs.
Ally used to be my banking hub, but I moved my savings to Fidelity when money markets started seriously outpacing HYSA rates in 2021 (or 2022?). I liked the CMA, so now it's my main hub. I still use Ally to pay my rent because it's done via Zelle. Honestly my banking needs aren't complicated. I mostly want no hassles, reactivity, fast transfers, automation, good rates on "checking money", good customer service and modern tools/website. Both Ally and Fidelity meet these requirements. I settled with the CMA to make my life easier by having (almost) everything at the same place.
This year, I signed up for the Fidelity CC and I'm now using it as my main CC - because it now has no foreign transaction fees.
stay_the_course wrote: ↑Wed Jan 01, 2025 3:25 pm
Schwab as one stop for everything. Great customer service, free atm withdrawals globally, no charge overdraft from brokerage, bill pay, free wires, $200 off Amex platinum…
That’s awesome. How well does the bill pay work? In your experience do you actually pay $0 fees at random atms in the US?
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh
Chrono Triggered wrote: ↑Wed Jan 01, 2025 4:16 pm
Fidelity for 99% of everything and then I have a local account that has a very low minimum balance in case I need to do anything in person such as a Medallion signature.
I have done the same —- a Fidelity Cash Management account and a low minimum balance Wells Fargo checking account. However, I did walk into a Fidelity office and get a medallion signature, so they do also provide that.
stay_the_course wrote: ↑Wed Jan 01, 2025 3:25 pm
Schwab as one stop for everything. Great customer service, free atm withdrawals globally, no charge overdraft from brokerage, bill pay, free wires, $200 off Amex platinum…
That’s awesome. How well does the bill pay work? In your experience do you actually pay $0 fees at random atms in the US?
Bill pay has never failed for me so far, though I’ve only used it for credit card payments.
The way ATM withdrawals work is, you are charged fees by the ATM at the time of the withdrawal and Schwab reimburses all the fees at the end of the month. That has never failed me either. I diligently cross-checked for reimbursements for about a year but not so much now since I’m confident in the tracking. Works the same way for international withdrawals as well, had multiple $8 ATM fees reimbursed from a recent international trip.
Fidelity CMA for everyday transactions. I have their 2% credit card.
A minimum-balance ($300) Chase savings account to maintain a local bricks and mortar account. Mostly for stuff like needing to get $100 all in $5 bills for cash tips when I'm traveling (hotel housekeeping for example).
I also have an Alliant CU savings account (pays 3.1%) which is a bit of a relic, going back to the days when interest rates were very low and that account paid a better interest rate than the Vanguard or Fidelity money market account. Currently I fund that each month with enough money to pay a few monthly bills via automatic debit (example: the gas bill). I'd rather not allow companies to auto-draw from the Fidelity CMA, which usually has a much larger balance than the Alliant CU account, in case of some account-draining error.
Fidelity Credit card because of their 2% cash back
Discover for checking - because if I had any need to call them, they picked up the phone quickly, and there was a competent person with good English that could resolve my problem. Now they also have this layer of AI stuff on top, but it is quite easy to get through to a real person.
Capital One - just because I have my oldest credit card with them. Left them for Discover because they like to block my accounts after any transaction or change, and I had to hold the phone for hours.
Wells Fargo checking - I don't know why. Just to have a brick and mortar bank
I used to bank with a small CU. The kind of CU where you don't need to show your docs because the teller knows you by your face and by your voice when you call. They helped me a lot when I was an immigrant that just arrived and had problems "normal Americans" don't have. It was very personal, and I could ask them "I need a document that has A, B and C" and they would type it in the Word and slap their stamp on it. Big banks would have said that they don't have such form or something similar. I do not use them anymore because I moved far away from them, and their app is not great. I still have an account, though.
I use US Bank - mostly due to inertia. We had an account with a close by (walking distance) bank when I moved to the area 20+ years ago, that was bought out by bank#2, then that was bought out by US Bank. We've got 3 business and 1 personal accounts at the branch, and I've always been able to get all the services I needed. The personal account is linked up with Vanguard so I move money back and forth as needed. Is my set up optimal - nah. It probably costs me a couple of hundred bucks annually, but changing is a hassle.
I was originally a one stop shop with Fidelity for 2024, with a Fidelity CMA my primary bank account since 2022. But in late 2024, Fidelity started playing games with deposit availability times and it really upset me. I had a whole paycheck held for 3 weeks. No one would help me.
This made me realize I needed to make a massive change to my strategy and that I made a blunder by relying so much on an institution where banking is probably a rounding error for them. I moved back to my local credit union since I thankfully never got around to closing those accounts, dug out my old checks and debit cards, and worked to transition every bill and ACH back.
I still have all my investments at Fidelity, but to be honest I'm considering moving those back to Vanguard as well. Fidelity really upset me with what they did this past fall and now that I'm not using them for anything but investments, there isn't anything special about Fidelity that I can't do at Vanguard. Plus I changed jobs, so I no longer have to keep my old employer 401k there.
For credit cards, we're primarily Chase Bank but I also do have an Apple Card.
I primarily used Fidelity for all of my day to day money needs. I also have but infrequently use Bank of America, Schwab and now US Bank for as long as the Smartly 4% credit card deal stays alive.
Weathering wrote: ↑Wed Jan 01, 2025 4:08 pm
I’m really surprised more people aren’t saying they do all banking with Fidelity. In the next month, I’ll be helping a young (22 year old) family friend setup banking with Fidelity (including Fidelity Visa and his first IRA account). Currently, he banks with Wells Fargo and uses a Discover card. I don’t have any evidence, but I believe Fidelity will provide a higher interest rate on his checking/savings acts and lower ATM fees (assuming he does ~5 atm transactions per year at non-Wells Fargo ATMs). Regarding Discover, I also have no evidence of him being underserved but my own past experiences with Discover have me convinced the Fidelity 2% Visa will be a better fit to his banking at Fidelity.
The dearth of respondents saying they bank at Fidelity has me rethinking my plan. I could just as easily get him a Navy Federal Credit union acct (that’s where I bank) but I think Fidelity fits his total picture and future needs better.
My big concern using Fidelity for day-to-day banking is that it could lock up bigger investment accounts (401K/IRA) or even get you banned for life from Fidelity for something seemingly simple. Not to mention their recent overreaction to check fraud and holding periods. I don't want to deal with that situation. It hasn't happened to me, but I don't want to wait until it happens.
Financial institutions are acting weird. There are many good banking options for daily financial needs. I see no reason to combine investment accounts with banking and risking everything. I tell my son (24yo) to keep them separate.
Yes. The value of keeping them together is negligible in my opinion.
Don't trust me, look it up. https://www.irs.gov/forms-instructions-and-publications
I have more accounts than I need at the moment but several things happened in the last couple of years to complicate things and I haven’t yet settled on how to simplify.
Fidelity: I inherited stock and funds recently and have a nice cushion I wasn’t expecting. The stock is at Fidelity (transferred from relative’s EJ account). I also have a CMA account and thought I would use it frequently but it has turned into a holding area for SS that I distribute as needed.
JP Morgan DIY: I will receive a cash inheritance shortly and, partly based on others’ tales of woe with Fidelity, have decided at least short term to park at Chase’s JP Morgan self directed and get the $700 bonus.
Local CU: we live in a rural area and any banks that had a broad reach have moved away in the past 10-20 years. Having a local bank for cash needs, notary, medallion etc is important. And though it’s relatively small, its online banking is more advanced than most local banks, it’s their own system not passed off to a clunky third party like most others. And they are part of the broader CU network of ATMs.
Chase: I’ve had the Freedom card forever but not banking until recently. I was impressed with DHs online experience and decided to give it a try. Managed to get the recent $900 bonus. Honestly, it’s the best interface. And if needed, closest branch is an hour away.
Discover: opened a few years ago to take advantage of their great rates. It’s good for parked money I don’t need right away, though transferring is easy enough. Also took advantage of bonuses at the time.
Everbank: honestly was planning to close this when TIAA transitioned back to Everbank, but just as I had switched DD elsewhere (Chase) I realized they had great HYSA and decided to park some cash there until I figure things out.
It felt like a jumble until I set up all accounts in the simple Checkbook Pro app on my Mac. It doesn’t connect to banks, I have to download QFX and import but somehow I prefer it this way. I have settled into a comfortable routine of updating accounts and I can see everything at a glance.
StAug1967 wrote: ↑Wed Jan 01, 2025 8:01 am
We use a local credit union for checking and bill pay and Marcus' HYSA for savings. We have just a couple credit cards that we use on a regular basis. Fidelity for all retirement and investing. Over the last couple years, I've worked on reducing credit cards and simplifying our bank accounts.
Same for us. I've been using our local credit union for almost 40 years and still love them. Fidelity handles all of our retirement and also a couple of taxable funds. I look at it this way: Credit Union for day to day stuff, Fidelity for longer term stuff.
For our business we use Citizens Bank which is just so-so. Haven't been able to find anything else that meets our sort of unique needs well enough.
