One bank to avoid



I also bank with my credit union, however they suck for getting questions answered and opening/closing new accounts. But I get interest on my checking account, and I like that. Plus, the savings accounts get more interest than most big banks' certificates of deposit for 12 months.

I like that, too.

But there's not a ton of online support. Anyone got any recommendations for good banks with nice online support and whatnot? I'm in the market for a nice new bank to set up a business account.

Jay, CEO of Guaranty Banks.
 
Human said:
I also bank with my credit union, however they suck for getting questions answered and opening/closing new accounts. But I get interest on my checking account, and I like that. Plus, the savings accounts get more interest than most big banks' certificates of deposit for 12 months.

I like that, too.

But there's not a ton of online support. Anyone got any recommendations for good banks with nice online support and whatnot? I'm in the market for a nice new bank to set up a business account.

Jay, CEO of Guaranty Banks.
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HSBC UK.
 
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subigo said:
I hope you're joking. If a bank fails, ANY bank, you are only insured for $250k. And umm... the FDIC doesn't have the authority to close down anything, lol.

FDIC: Failed Bank List
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Either you're wrong or simply playing semantics and misleading others. FDIC does close banks under the direction of the Office of Thrift Supervision. This happens a lot, in the last few years.

FDIC seizes Irvine bank - Mortgage Insider : The Orange County Register

Watch The FDIC Seize A Bank
 
subigo said:
What? You sure seem to read Reddit a lot. Anyway, other than having a shit ton of locations, I can't see one reason to go with a bank once it expands more than 25-50 miles from your location. First, they are going to know who you are, so service is going to be more personable. Second, if they don't have a massive amount of customers, they can't pull the same shit large banks do. I've never once been charged a fee for anything at my bank. On the few occasions that I did have an overdraft fee, I just called up and they removed it without question. Try getting that at Bank of America.
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Subigo FTW!!!!!!!!!


r3p1v said:
I don't like small banks. I would be afraid that one Friday night the FDIC would come in and close it down. And if you have over $100k (or 250k I think it is now) in the account you may lose anything above that amount. That would COMPLETELY suck.
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You FAIL!!!!!

Take it from a guy who used to be in the banking industry at a very very large bank. We would rape our clients daily in the ass.... no Vaseline.

For instance, if you overdraw your account we take all the charges for the day and process the most expensive ones first, which charges you overdraft fees on all the small purchases. So if you bought gum, gas, food, THEN a hdtv, and the hdtv overdraws your account, you're getting hit with 4 overdraft fees.

Clients with 2 mil in the bank didn't matter to us. You are just a number.

At the bank I worked at, and at EVERY BRANCH WORLDWIDE, employees have access to EVERYTHING in the system. You just need a name or social. I remeber seeing accounts with like $293,000,000

The different fees you will run into at a big bank are RETARDED.

If you don't want to deal with bullshit, and I'm sure none of you do, then bank at small credit unions. They actually want your business and don't treat you like a number.
 
high risk said:
did you get HSBC to open an account for you w/o visiting england? and is it a business or personal? i tried several banks in the UK and none would do it without me visiting to make the deposit, and some wanted proof of UK residency.
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Almost all banks in the world would need you to be there in person to sign before they would open the account for you otherwise I would not even open a bank account with that "bank".
 
DirSP said:
Almost all banks in the world would need you to be there in person to sign before they would open the account for you otherwise I would not even open a bank account with that "bank".
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There a many companies worldwide who, obv for a fee, will do all the paperwork and open an account for you. .

Also, I know that you are looking for suggestions but one to avoid - Citi -
They may be a little homophobic -
Citibank’s Snafu Over Gay Site Looks Familiar - Digits - WSJ
 
Trigger, I agree some of the fees and the way that they operate things to get fees is extremely stupid. But if you take 5 minutes to read and understand how and when you will be charged fees they are easy to avoid.

Why don't you go defend people that buy acai berries or gym memberships while you're at it.
 
In the US you cannot say any negative words about banks because their FDIC insured - I was about to make a hate site about mine and my VP informed me of that.

I guess they are pretty serious about it.
 
tacoX said:
In the US you cannot say any negative words about banks because their FDIC insured - I was about to make a hate site about mine and my VP informed me of that.

I guess they are pretty serious about it.
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wait what? that sounds like bullshit that the VP was trying to feed you to try and prevent you from doing it

Edit: There are laws against inciting a run, though.
 
Nakkers said:
There a many companies worldwide who, obv for a fee, will do all the paperwork and open an account for you. .

Also, I know that you are looking for suggestions but one to avoid - Citi -
They may be a little homophobic -
Citibank’s Snafu Over Gay Site Looks Familiar - Digits - WSJ
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No, the firm can help you do all the paper work but you must still be present in person to sign the form in front of the bank manager.

high risk said:
not true.. many _huge_ banks in various countries "abroad" do not require this for business accounts.
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Link me a reputable bank that does not require you to be present in person.
 
r3p1v said:
Why don't you go defend people that buy acai berries or gym memberships while you're at it.
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Because sheeple don't like being helped and learn through experience. Smart people learn from other people's mistakes. It's obvious by your post which group you fall into.
 
DirSP said:
No, the firm can help you do all the paper work but you must still be present in person to sign the form in front of the bank manager.



Link me a reputable bank that does not require you to be present in person.
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for a personal account, i don't know of any offhand.. for business accounts with the right corporate structure (nominee) it's common. if you were serious PM me and i'll be glad to point you in the right direction
 
Jon said:
Oh yeah, good choice, because the credit unions would NEVER sell your private info to marketing companies...
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I think when it happens it's mostly to financial institutions am I right - credit card offers, mortgage companies, insurance

Although I'm with Schools Credit Union for teachers/students - EDU leads ftw

I would generally recommend unions because of the lower rates on loans and higher yields on savings + no ridiculous fees.

http://www.creditunion.coop/cu_locator/quickfind.php
 
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