Best bank in America?

JP Morgan Chase is solid if you need transactions moved fast, but honestly, I haven't dug deep enough into the rest of their setup to say...

Thanks everyone for all the suggestions. I've basically narrowed my options down to just Goldman Sachs and the Federal Reserve, and in the end... I decided to go with the Federal Reserve.

Good luck dealing with them.
With those guys, if you're a new client, just opening an account takes about 30 minutes because their systems are such a mess—plus, the bank is struggling and closing down branches everywhere...
When you look at the fees, the products, and the tech, Chase is miles ahead, and they have way more ATMs and branches too.

I've already got an account set up.

Get out of the banks while you still can. Seriously, just run...

Brian Moore12 said:Get out of the banks while you still can. Seriously, just run...

I mean, why wait around for the US Federal Government to decide they need to use your hard-earned savings to bail out someone else's massive debts?

I’d honestly rather deal with a tumor than try taking out a loan from Bank of America—at least there's a chance you can beat a tumor.

Brian Moore12 said:Get out of the banks while you still can. Seriously, just run...

And where exactly am I supposed to get my paycheck delivered?🤦 Then I guess I'll be paying premium prices for everything in cash because I've abandoned all banking services and can't touch anything online. Thanks for the "brilliant" advice.😵

Charles Ramos7 said:And where exactly am I supposed to get my paycheck delivered?🤦 Then I guess I'll be paying premium prices for everything in cash because I've abandoned all banking services and can't touch anything online. Thanks for the "brilliant" advice.😵

My comment was aimed at the geniuses thinking about taking out a loan for this guy.

I know you need a bank account to receive a salary. I'm not an idiot.

Brian Moore12 said:My comment was aimed at the geniuses thinking about taking out a loan for this guy.

I know you need a bank account to receive a salary. I'm not an idiot.

If that’s what you meant, why didn't you just say so? You didn't mention loans in the thread title or anywhere else in your posts.

Charles Ramos7 said:If that’s what you meant, why didn't you just say so? You didn't mention loans in the thread title or anywhere else in your posts.

I did write it. Check post #27.

Anyway, while we're talking about direct deposits, why are we forced to use a specific bank just to receive our paychecks? Why can't we choose? Why couldn't we have our income sent through, say, Fidelity Investments or even a local shipping hub service? They're part of the payment system too, just like banks.
Of course, we don't get a choice because the banking cartel won't allow it.

Brian Moore12 said:I did write it. Check post #27.

Anyway, while we're talking about direct deposits, why are we forced to use a specific bank just to receive our paychecks? Why can't we choose? Why couldn't we have our income sent through, say, Fidelity Investments or even a local shipping hub service? They're part of the payment system too, just like banks.
Of course, we don't get a choice because the banking cartel won't allow it.

I don't think they qualify as "payment system providers" in the sense of managing checking accounts. For instance, the post office uses Wells Fargo as a partner for those kinds of services. Besides, even if they could, what would actually change for us?

Charles Ramos7 said:I don't think they qualify as "payment system providers" in the sense of managing checking accounts. For instance, the post office uses Wells Fargo as a partner for those kinds of services. Besides, even if they could, what would actually change for us?

It would make a difference because I—and plenty of other people—have zero interest in dealing with those bureaucratic banking dinosaurs. It's like how everyone stopped wanting to deal with Exelon, so now people just buy their electricity from other providers.

Brian Moore12 said:I did write it. Check post #27.

Anyway, while we're talking about direct deposits, why are we forced to use a specific bank just to receive our paychecks? Why can't we choose? Why couldn't we have our income sent through, say, Fidelity Investments or even a local shipping hub service? They're part of the payment system too, just like banks.
Of course, we don't get a choice because the banking cartel won't allow it.

It isn't actually about some "banking cartel"; it’s a matter of the US Federal Government passing legislation that mandates these specific structures.

It seems somewhat illogical to assume this rule was cooked up solely due to bank lobbying. If you look at the timeline—this was implemented relatively recently, perhaps a year or two ago—nearly everyone was already using traditional banks for their payroll. Very few people were still receiving their wages in cash back then.

So, if you're looking for someone to blame, take it up with Joe Biden and his associates.

I’ve been with JPMorgan Chase for about 15 years now, and honestly, I couldn't be happier with them. On one occasion, I had to open an account at Bank of America for some business reasons, and if I could give you one piece of advice, it would be to avoid them like the plague. It was an absolute disaster from start to finish—from the incredibly rude staff to their archaic, broken computer systems; they treat you like you don't know any better. To make matters worse, when it finally came time to close that account, what should have been a six-minute task at any other bank turned into a nightmare. I had to show up four days in a row just to try and shut it down, and they still couldn't manage to do it. Eventually, I just lost my temper, handed them all my paperwork, and told them to call me once they actually managed to close it. It took three whole weeks for it to finally happen. I wouldn't step foot in that branch again if my life depended on it.

casuallynx8 said:It isn't actually about some "banking cartel"; it’s a matter of the US Federal Government passing legislation that mandates these specific structures.

It seems somewhat illogical to assume this rule was cooked up solely due to bank lobbying. If you look at the timeline—this was implemented relatively recently, perhaps a year or two ago—nearly everyone was already using traditional banks for their payroll. Very few people were still receiving their wages in cash back then.

So, if you're looking for someone to blame, take it up with Joe Biden and his associates.

Both Republicans and Democrats are doing the same thing—kissing the banks' asses instead of working for the people. This whole CHF at 6.39 thing is just theater for the naive. The GOP isn't any better.
I've been paying my bills through Fidelity Investments for ages. I won't even touch online banking because I refuse to feed those greedy bankers. I just hope I live long enough to see the day when I can actually open a checking account at Fidelity.

goldenmoose21 said:I’ve been with JPMorgan Chase for about 15 years now, and honestly, I couldn't be happier with them. On one occasion, I had to open an account at Bank of America for some business reasons, and if I could give you one piece of advice, it would be to avoid them like the plague. It was an absolute disaster from start to finish—from the incredibly rude staff to their archaic, broken computer systems; they treat you like you don't know any better. To make matters worse, when it finally came time to close that account, what should have been a six-minute task at any other bank turned into a nightmare. I had to show up four days in a row just to try and shut it down, and they still couldn't manage to do it. Eventually, I just lost my temper, handed them all my paperwork, and told them to call me once they actually managed to close it. It took three whole weeks for it to finally happen. I wouldn't step foot in that branch again if my life depended on it.

It's the same story with every bank. When you want to open an account or deposit money, everything moves smoothly. Just hand over the cash and you're golden. But the second you want to close something? They treat you like garbage. That's how American banks operate. They lure you in with a smile, but the moment things don't go their way, the mask slips.

goldenmoose21 said:I’ve been with JPMorgan Chase for about 15 years now, and honestly, I couldn't be happier with them. On one occasion, I had to open an account at Bank of America for some business reasons, and if I could give you one piece of advice, it would be to avoid them like the plague. It was an absolute disaster from start to finish—from the incredibly rude staff to their archaic, broken computer systems; they treat you like you don't know any better. To make matters worse, when it finally came time to close that account, what should have been a six-minute task at any other bank turned into a nightmare. I had to show up four days in a row just to try and shut it down, and they still couldn't manage to do it. Eventually, I just lost my temper, handed them all my paperwork, and told them to call me once they actually managed to close it. It took three whole weeks for it to finally happen. I wouldn't step foot in that branch again if my life depended on it.

Well, funny enough, I had that exact same experience with JPMorgan Chase when I tried using Bank of America.😎

Brian Moore12 said:It would make a difference because I—and plenty of other people—have zero interest in dealing with those bureaucratic banking dinosaurs. It's like how everyone stopped wanting to deal with Exelon, so now people just buy their electricity from other providers.

You're just frustrated and don't understand how money works, but honestly, nothing would actually change.

Charles Ramos7 said:You're just frustrated and don't understand how money works, but honestly, nothing would actually change.

And you're just a corporate shill.

Nothing would change? Give me a break. These banking vultures are charging me nearly $33 a year just for a checking account. And let's be real—those fees are pretty much identical across every major bank out there.