OT: Chase sucks………………….fees fees fees fees fees fees

[TenaciousSD]

[quote=flu]Ok. I just opened another account at schwab.

I found out the following:

1)It’s just easier to open a new borkerage+checking account. You supposedly can have just a checking account only, but it has some drawbacks.
No fee, no minimum deposit on either brokerage account or banking account.

2)No fee for closing account.

3)You can use the ATM anywhere in the world. At the end of the month, if you had to pay any ATM fees, Schwab reimburses you.

4)Direct deposit and bill pay available.

5) There is no easy way to deposit a written check or cash at a local branch directly to the bank account. However, you can deposit it into a brokerage and transfer over to bank account from a local branch.

6) No fee-based overdraft protection from the brokerage account. (Not sure how to disable)

7) Money link allows you transfer between brokerages/bank accounts.

Goodbye wells fargo and us bank.[/quote]

You’re right, there is no easy way to deposit to Schwab (as is the case with most Internet-only banks). They will, however, send you free envelopes to mail in a check.

I kept my old Chase account so that I could use their iPhone app to make deposits (just take a picture of both sides of the check with the app) and transfer the balance to my Schwab account.

The NY Times article “Depositing Checks, Right From Your Phone” (http://gadgetwise.blogs.nytimes.com/2010/09/13/depositing-checks-right-from-your-phone/
) ended their article with the following:

“Now, the only complaint I have here is that I want more. Specifically, why haven’t Internet-only banks jumped all over this? It’s great that Chase has this feature, but where I live, you can’t swing a cat and not hit a Chase branch. Where it would really make sense is with an online bank like Fidelity, where I do most of my day-to-day checking. Fidelity has no branches of its own (just like Charles Schwab’s bank, Everbank or a host of other online banks) — the only way you can deposit a check is to mail it in, which takes forever. Add something like mobile check deposits and you just knocked out one of the main obstacles people have to joining an online bank.”

[Coronita]

[quote=jficquette][quote=flu]Ok. I just opened another account at schwab.

Goodbye wells fargo and us bank.[/quote]

Schwabs only drawback that I have experienced is they will not issue cashiers or certified checks. However they make the wiring of funds really easy and their customer service is the best I have experienced from any company.

John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.

[Coronita]

[quote=jficquette][quote=flu]Ok. I just opened another account at schwab.

Goodbye wells fargo and us bank.[/quote]

Schwabs only drawback that I have experienced is they will not issue cashiers or certified checks. However they make the wiring of funds really easy and their customer service is the best I have experienced from any company.

John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.

[Coronita]

[quote=jficquette][quote=flu]Ok. I just opened another account at schwab.

Goodbye wells fargo and us bank.[/quote]

Schwabs only drawback that I have experienced is they will not issue cashiers or certified checks. However they make the wiring of funds really easy and their customer service is the best I have experienced from any company.

John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.

[Coronita]

[quote=jficquette][quote=flu]Ok. I just opened another account at schwab.

Goodbye wells fargo and us bank.[/quote]

Schwabs only drawback that I have experienced is they will not issue cashiers or certified checks. However they make the wiring of funds really easy and their customer service is the best I have experienced from any company.

John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.

[Coronita]

[quote=jficquette][quote=flu]Ok. I just opened another account at schwab.

Goodbye wells fargo and us bank.[/quote]

Schwabs only drawback that I have experienced is they will not issue cashiers or certified checks. However they make the wiring of funds really easy and their customer service is the best I have experienced from any company.

John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.

[jficquette]

[quote=flu][quote=jficquette][quote=flu]Ok. I just
John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.[/quote]

Thanks, that is a new information for me. I haven’t tried in several years to get a money order.

Thanks,

John

[jficquette]

[quote=flu][quote=jficquette][quote=flu]Ok. I just
John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.[/quote]

Thanks, that is a new information for me. I haven’t tried in several years to get a money order.

Thanks,

John

[jficquette]

[quote=flu][quote=jficquette][quote=flu]Ok. I just
John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.[/quote]

Thanks, that is a new information for me. I haven’t tried in several years to get a money order.

Thanks,

John

[jficquette]

[quote=flu][quote=jficquette][quote=flu]Ok. I just
John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.[/quote]

Thanks, that is a new information for me. I haven’t tried in several years to get a money order.

Thanks,

John

[jficquette]

[quote=flu][quote=jficquette][quote=flu]Ok. I just
John[/quote]

Not true. I just got one yesterday out of my brokerage account. However, you need to call in advance in the morning, and usually pick up in the afternoon or the next day…Also, cashier checks are free. They do not do certified checks though. If you don’t know the difference, it shouldn’t make a difference.[/quote]

Thanks, that is a new information for me. I haven’t tried in several years to get a money order.

Thanks,

John

[blake]

If anyone is looking to join Navy Fed but doesn’t have the military qualification, the round about way of becoming a member is joining USA Fed (http://www.usafed.org/). Pending the approval by the NCUA, both credit unions will merge on Oct. 4.

[blake]

If anyone is looking to join Navy Fed but doesn’t have the military qualification, the round about way of becoming a member is joining USA Fed (http://www.usafed.org/). Pending the approval by the NCUA, both credit unions will merge on Oct. 4.

[blake]

If anyone is looking to join Navy Fed but doesn’t have the military qualification, the round about way of becoming a member is joining USA Fed (http://www.usafed.org/). Pending the approval by the NCUA, both credit unions will merge on Oct. 4.

[blake]

If anyone is looking to join Navy Fed but doesn’t have the military qualification, the round about way of becoming a member is joining USA Fed (http://www.usafed.org/). Pending the approval by the NCUA, both credit unions will merge on Oct. 4.

[Author]

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