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Fidelity for checking? (or: help me choose a bank)
Ledneh
shinesquawkRegistered User regular
shinesquawkRegistered User regular
I'm ditching Bank of America soon for my checking and savings accounts due to a recent customer service snafu. I've been looking around for alternatives--keeping in mind that I want to try my hand at stock market investing soon, so bank+brokerage in one place would be a plus--and I stumbled onto the fact that apparently Fidelity has something like checking called the mySmart Cash Account (somewhere on there).
From what I've been able to tell this is just like any other checking account--checks, debit card, ATM use, etc--with refunds on ATM fees and slightly better interest rates. And there's a deal on brokerage trading if my assets with them exceed a certain amount (they would if I went with them). And hell, I already have my 401k and IRA with them.
What I'm trying to find out is, is there something here I'm missing? Would I lose something by using this not-really-checking account instead of a traditional bank checking account like BofA or Wells Fargo or what have you?
Failing that, and given the facts I stated above plus the fact that all my local credit unions suck ass, would anyone like to recommend a place to put my money?
From what I've been able to tell this is just like any other checking account--checks, debit card, ATM use, etc--with refunds on ATM fees and slightly better interest rates. And there's a deal on brokerage trading if my assets with them exceed a certain amount (they would if I went with them). And hell, I already have my 401k and IRA with them.
What I'm trying to find out is, is there something here I'm missing? Would I lose something by using this not-really-checking account instead of a traditional bank checking account like BofA or Wells Fargo or what have you?
Failing that, and given the facts I stated above plus the fact that all my local credit unions suck ass, would anyone like to recommend a place to put my money?
Ledneh on
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I'd just go with a regular bank, though. If you have an account at mint, it can recommend you banks with high interest rates and help you find one in your area that works for you.
BoA CS is the absolute WORST in banks, so I can definately see why he would bail after a bout with them. I know I did.
OP, I ended up going with Sovereign Bank and haven't had any real issues since. However, I'm not much into investing so I can't say how good/not good they are with that.