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| Banks Banks and banking - high street banks and online banks, personal accounts, and savings accounts. |
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No one can really tell you which bank is better than the other, especially among the big banks. No bank is perfect. They all have their share of fees and unhappy customers.
I think the best way to choose is by using the bank with the best customer service. |
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FWIW- I have had very bad experiences with BofA as have many people that I know. I went with them back when they were Nations Bank in the Baltimore market. After the BofA merger, their fees became insane. I have had similar problems with M&T as I was an AllFirst customer before M&T purchased them. Within a year M&T started to charge fee after fee for items that had NEVER been charged before and on two seperate items with no prior notice.
From that point on, I only do my retail banking with a credit union. The credit unions tend to support the customer much more than a commercial bank. I do however deal with ING Direct for long term savings, ETRADE for long term savings and mutual funds, and Wachovia for a trust. I am very happy with all of them. |
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I have good experiences with bank of America. I had them during my college years it I had no issues with them.
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The banks work together anyway. The important part is your privacy and security.
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You might find that you are happier with a smaller community bank. First Bank of Wide Place in the Road Vermont, for example. Two or three branches at most. They might even bring you soup when you're sick and can't get in to make a deposit in person.
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