U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-17-2011, 03:17 AM
 
143 posts, read 652,699 times
Reputation: 119

Advertisements

I'm sure all WF customers got the same e-mail:

There are important changes coming to your Free Checking account
What's changing:
Effective September 12, 2011:
The name of your account will change to Personal Checking.
A $7 monthly service fee will apply, which can be waived with one of the following:
Maintain a $1,500 minimum daily balance, or
The total amount of qualifying direct deposits each statement cycle into this account must be $500 or more*
If you do not meet one of the above criteria to waive the monthly service fee, this fee can be discounted by $2 per month when you set up and receive online statements for this account.


I keep my savings in an online account and very little in my WF checking account. I transfer money to my WF checking account when I need to. Like most people I almost never write a check or use an ATM to get cash.

I haven't had to think about this in a while. What is the best strategy to handle my checking? Is there an online option where I can earn interest, write the occasional check, and use ATMs for free? Or is there a bank in DFW that still has "totally free" checking?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-17-2011, 03:35 AM
 
16,434 posts, read 19,977,083 times
Reputation: 9559
Banks have forgotten who really needs who. Try joining a credit union.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 05:43 AM
 
10,189 posts, read 10,554,864 times
Reputation: 9125
In a situation like the OP's the bank looses money. It costs them at least $4.50/4.75 per account to issue statements and keep customer service staffing.


The bottom line is banks are a business. Why not keep some savings there?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 05:56 AM
 
Location: Dallas
578 posts, read 1,319,793 times
Reputation: 639
Used to have a Wachovia account in Georgia (now Wells Fargo) and I absolutely positively CANNOT stand that bank!!!! They have more ways of nickel-and-diming you. They even used to charge me a non-Wachovia atm service fee if I was in a supermarket and picked debit at the checkout!

I would try one of the e-access accounts that offer free checking if most if your banking is done online and/or via ATM. I've been pretty happy with the one through Bank of America. $25 is the minimum.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 06:05 AM
 
Location: Meeami
534 posts, read 2,181,435 times
Reputation: 279
Funny, ive been 'wells fargo' now for only a month or 2.... and... im looking for another bank.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 07:28 AM
 
Location: Lake Highlands - Dallas
648 posts, read 2,458,200 times
Reputation: 551
I also hold a strong disliking to Wells Fargo. I actually opened another account with BOA and only use Wells Fargo for paying my bills.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 08:13 AM
 
Location: Dallas
164 posts, read 547,694 times
Reputation: 108
I just switched to Chase, all you need is one direct deposit of $500 or more per month.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 08:15 AM
 
Location: Texas
44,266 posts, read 56,100,550 times
Reputation: 73426
Don't know the details of all checking accounts, but I have been with Compass since 1992, and I have free checks, deposits, free wire transfers, a free safe deposit box, free atm use *anywhere*, free checking...

Just give 'em a buzz and see what they can do for you.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 08:34 AM
 
664 posts, read 1,547,583 times
Reputation: 849
Quote:
Originally Posted by Handsome Stranger View Post
I just switched to Chase, all you need is one direct deposit of $500 or more per month.
Chase has almost exactly the same terms as the Wells Fargo terms listed above. I have a Chase account right now because I got one of those $125-to-open-an-account offers but once I've met the 6-month requirement for that, I'm likely moving on.

I'll have to check out Compass as suggested above. The best option I've found so far is an online-only bank like Ally, but I'd prefer to have a branch I can go to.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2011, 09:10 AM
 
Location: Frisco, TX
326 posts, read 681,567 times
Reputation: 420
If you're ex military, can't go wrong with USAA (for banking, insurance, pretty much anything...). Also, if either of your parents are USAA members, you can get in too (although don't know if there's age limit for dependents to sign up initially).
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 07:17 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top