Bank of America

[BigJerm]

The only thing I got is since I was Wachovia before Wellsfargo we do not get charged the fee's. BUT if I want to open another account at Wellsfargo that account will be subject to all fees.

Ben, I agree. New cars suck. We were looking at GC's but megs liberty is so close to done it will get paid off, then double up on the LJ. I have already said if the LJ got totalled tomorrow I would buy craigslist. My brother bought a civic off craigslist for $3k, put about $1k of maintenance parts in it and has been driving it for 3 years or so now. Not saying I want a civic but you get the idea here.

[Do Work 93 YJ]

Mike,
       Small town banks are the worse when it comes to fees. Do some research and you will see, That is unless you have lots of money tied up in there bank. Credit Unions ARE the way to go if you ask me. I just do not like that they are not very convenient to me most of the time. I mean my Publix credit union is in Norcross and that is the only one in the state of Georgia! So you just kind of have to decide which is more important. Gas or a little $5 a month fee that is hardly noticeable.

I've always banked with small town banks ,except for once when I went to BB&T and realized real quick I needed to get away from them, and have never been charged any fees. May have to look into credit unions just in case cause if my small town banks ever try and charge me to use my money I will pull it from them.


Sent from my iPhone using my right hand.

[Lhub36]

Just another way to separate you from your money. They know that most employers pay their people thru direct deposit & have figured out a way to get more cash from you. Next it will be a service charge to access your account online.

[mdo817]

I have been with Delta's Credit Union for nearly 25 years, used to be awesome, it's still better than most banks but they too saw the need to get into the public market and it's now "Delta Community Credit Union" and anyone can bank with them. It used to be only employees and immediate family. Seems rates were better and interest paid was better when we were private. Glad your plan is working Ben I know you and I discussed several years ago about the debt free thing, I still carry cash but only to use if a good deal pops up on something (AKA Mad Money) I pay for pretty much everything with debit (which is same as cash, comes straight out of my checking) or credit card which is paid off monthly by single transfer of funds, we use award points from both for gift cards that in turn is like "free money". No car notes, and we owe less for our little house than most folks do on their car. It's a good feeling and has been a lot of work that I must thank Donna for. When they start charging a debit fee I will re-evaluate our banking ways. All that being said look around Delta is opening up Branches all over Atlanta.

[tcdawg]

I work for an EMC and am able to use GEMC credit union as a local bank and Charles Schwab as my online bank.  No fees for either and Schwab pays interest on my checking account.  They also reimburse me all ATM fees at the end of each month...at least for now.

I wouldn't use Wachovia/Wells Fargo or Bank of America on a dare...total and complete rip off artists.

[fourwheelinaj]

This BOA thing is BS.  While I see most of you are saying you pay cash which is good. 

IF - capital letters there - you can manage your credit card it wouldn't be such a bad idea to get a credit card like Discover that pays you cash back.  I pay most all of my utility bills, all of our gas, groceries, etc with our Discover card and get at least 1% back and more when they have certain promotions. 

Then once a week I make a payment to pay off what I have bought for the week.  Thus earning the 1%+ and in essence paying cash. 

Make your money work for you.  It may be only 1% but you be surprised to find out how quickly it adds up.  Justified a couple of Jeep parts with it.

I would not encourage everyone to do it because some just cannot handle credit cards and will have a tendency to buy more just because they are not having to physically pull the money out of their pocket.  If, though, you are able to control it, it definitely helps.  Both I and my husband lost our jobs within a few weeks of each other so I was grasping at anything I could to help with our income and started doing this.  Losing that 6 figure income hurts but it's how you deal with the wound that counts.

I keep waiting for them to do away with this but as long as I can earn cash back I am there. 

[rabunjeeper]

Countrywide sold my home mortgage to Bank of America, should I be worried? It is a fixed rate and supposed to not ever change or at least thats the way it was when Countrywide had it. One day out of the blue i got a letter from Bank of America saying that they had my home loan now, no warning and wasn't by choice.
                                                                             {popcorn}

[Mark]

Countrywide sold my home mortgage to Bank of America, should I be worried? It is a fixed rate and supposed to not ever change or at least thats the way it was when Countrywide had it. One day out of the blue i got a letter from Bank of America saying that they had my home loan now, no warning and wasn't by choice.
                                                                             {popcorn}

you will be fine Andy. The loan is what it is no matter which institution owns/buys it. It maybe sold again in the future.

Sent from my DROIDX

[Jimmy]

I get well over $3 back in rewards points from Wells Fargo every month, so it doesn't bother me really. The peace of mind is worth it. I rarely carry cash. If you lost your wallet with $300 cash in it, you are out $300. I pay for everything with my debit card (which is cash in my accounts, not financed). If I lose my wallet with both debit cards and both credit cards in it, I am out 20 minutes worth of phone calls. Last year when my debit card number was stolen, WF had all of my money back in my account in days, including all the international transaction charges. Excellent to deal with, very friendly and very smooth.

I also like the fact that WF doesn't like to sell mortgages, so all of my finances are all packaged neatly together.

[kvom]

If you have the discipline to pay off CC bills every month and just use the debit card at the ATM, there's no fee for the debit card.

Countrywide didn't see mortgages to BOA; BOA bought Countrywide ( much to their regret).  Doesn't effect the loan terms.

Brokerage firms have banking services such as billpay and debit/credit cards, so if you have an account you can use them for banking.  Most will rebate ATM fees for up to once per week.

[Do Work 93 YJ]

Countrywide sold my home mortgage to Bank of America, should I be worried? It is a fixed rate and supposed to not ever change or at least thats the way it was when Countrywide had it. One day out of the blue i got a letter from Bank of America saying that they had my home loan now, no warning and wasn't by choice.
                                                                             {popcorn}

Your fine you signed a contract on a fixed rate which stays. My Mortagage has been sold three times since I've ownded my house.

[Logan]

Countrywide sold my home mortgage to Bank of America, should I be worried? It is a fixed rate and supposed to not ever change or at least thats the way it was when Countrywide had it. One day out of the blue i got a letter from Bank of America saying that they had my home loan now, no warning and wasn't by choice.
                                                                             {popcorn}

Your fine you signed a contract on a fixed rate which stays. My Mortagage has been sold three times since I've ownded my house.

Not like mortgages getting passed around like a blunt at a 311 concert had anything to do with out current economic situation. {popcorn}