aight so im kinda gettin tired with my ghetto bank (envelope underneath mattress) cause the cash is just right there for easy access... and its tempting to blow it all. so who do u guys bank with?? im thinking of going back with washington mutual cause they offer free checking + debit card. anyone else have any good recommendations??
what bank do you use??
- Thread starter paperclip
- Start date
paperclip said:
not much money right now... have fun stealing 50 dollars :lick: .. just paid car,phone, and insurance last week, and wasted about 250 wednesday night at the casino 
. i need to get my account open tho asap so i can direct deposit my check so i dont blow my extra cash
. i need to get my account open tho asap so i can direct deposit my check so i dont blow my extra cash
I'll hold it for you
I agree, go with a Credit Union. You used to have to know someone who already banked with a credit union, but now there are options so that you don't have to. If you go with a bank, I agree with WAMU. B of A and Wells Fargo will nickle and dime you to death with random unaccounted for fees, and the smaller banks have a tendency to make errors in deposits and shit.
A credit union is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. Only a member of a credit union may deposit money with the credit union, or borrow money from it.
A credit union differs from a traditional financial institution (banks, savings and loan, etc.) in that the members who have accounts in the credit union are the credit union's owners. A credit union is a co-operative institution, with policies governing interest rates and other matters set to benefit the interests of the membership as a whole. As such, credit unions have historically marketed themselves as providing superior member service and being committed to helping members improve their financial health. Credit unions typically pay higher dividend (interest) rates on shares (deposits) and charge lower interest on loans than banks.[1]. Credit union revenues (from loans and investments) do, however, need to exceed operating expenses and dividends (interest paid on deposits) in order to maintain capital and solvency. The lowered profitability of credit unions relative to banks is indicative of credit unions' focus on serving members, whereas banks must be concerned with maximizing profits in order to enhance stock performance.
