Banking
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Everybody’s banking needs are different. Do your own research.
Big Banks
The big banks that I am posting here are for those looking at banking across the country with branches in at least 25 states. You may find that you can get a better deal or service with a local bank, regional bank, or credit union. My wife and I have had accounts at credit unions as well as banks. The important point is that you make sure that your financial institution will and does meet your banking needs.
Bank of America
Bank of America is the second largest bank in the United States and has branches in 36 States. They have a lot of accessibility options with 16,000 ATMs & 4,600 Branches scattered across the country. A portion of the history of the bank comes from the Bank of Italy, which was located in San Francisco, California. The bank was established to service Italian immigrants who faced discrimination. The name was changed to Bank America and Italy [translated] in 1922. When banking legislation changed in the 1950’s the bank was able to grow quickly. Bank America merged with Nations Bank in 1998 and then with Fleet Bank in 1999 to become the bank that is it today.
Checking:
The Advantage Plus Banking has a monthly fee of $12/mo unless $250+ monthly Direct Deposit or $1,500+ balance or enrolled in Preferred Rewards. A minimum deposit of $100 to open an account.
Savings:
The Advantage Savings has a monthly fee of $8/mo unless $500+ balance or you link your account to your Bank of America Advantage Relationship Banking or Preferred Rewards client or >18 or >25 and qualifying as a student. There is a minimum deposit of $100 to open the account.
Preferred Rewards:
- Have an active Bank of America checking account.
- Maintain a minimum monthly balance (first tier is $20K) for 3 months.
JPMorgan Chase Bank (Chase Bank)
Chase is currently the largest bank in the United States. The bank was formed in 1955 with a merger of The Bank of The Manhattan Company and Chase National Bank. Currently, the bank has branches in all the contiguous states (48) They have 16,000 ATMs & 4,700 Branches, so there are plenty of locations to bank with them.
Checking:
The Total Checking has a fee of $12/mo unless $500+ monthly Direct Deposit or $1,500+ minimum balance or $5,000+ balance total combined with qualified account(s). Their mobile deposit limit: $10K Daily / $25K rolling 30-day
Referral Bonus (must have checking account) $50/$500 annually
Savings:
The Chase Savings has a fee of $5/mo unless $300+ minimum balance or under 18 or linked Chase Better Banking Checking, Chase Premier Checking, Chase Premier Plus Checking, Chase Sapphire Checking, or Chase Private Client Checking account.
U.S. Bankcorp (US Bank)
The bank is the fifth largest bank in the United States with 4,842 ATMs & 3,106 Branches in 25 Western and Midwestern states. The bank traces its history back to both Portland, Oregon and Minneapolis and St. Paul, Minnesota.
Checking:
The Easy Checking account has a fee of $6.95/mo unless $1,500+ balance or $1,000+ monthly direct deposit or one owner 65 or older. The mobile deposit limits vary.
Savings:
The Standard Savings account has a fee of $4/mo unless $300+ minimum balance or $1,000 avg. monthly collected balance or account holder under age 18. Minimum deposit to open: $25.
Wells Fargo & Company (Wells Fargo)
They use a stage coach with their brand because it is a part of their history! In 1852 Wells Fargo & Co was formed in California to provide express and banking services. In 1998 Wells Fargo merged with Norwest Bank. They currently have 12,000 ATMs & 5,039 Branches in 36 states.
Checking:
The Everyday Checking account has a fee of $10/mo unless you maintain a $500+ balance or $500+ in qualifying direct deposits or linked Wells Fargo Campus ATM or Campus Debit Card or the primary account owner is 17 – 24 years old. Mobile Deposit limit: $2500 Daily / $5K 30-day period
Savings:
The Way2Save savings account has a fee of $5/month unless a $300+ balance is maintained or the account holder is under 24 or there is an auto transfer ($25 monthly or $1 daily).