We have had Bank of America checking and savings accounts for years. Other than needing to deposit a rare check now and then and a couple of monthly online payments that could be paid instead from a Vanguard savings account, it is not used. Way too much money just sitting there. Would you keep the accounts or move to all online? Trying to do financial declutter.
I would not leave a lot sitting there, but it is nice to have a local bank for depositing checks. I also use my local bank for notarizing things, which is free for customers.Originally Posted by pinkytoe
When we moved from the big city to Hermann, we put $100,000 in a Hermann bank* because I wanted to establish obvious roots in the Herman business community. It’s a very small town. Within the year, our contractor started work and he wanted us to open a charge account at the lumber store so that he could just charge our materials there and we would pay the bill to the lumberyard. In order to open that charge account the lumber yard wanted to know we were good for it and Lo, there was our Hermann Bank account that had been established a year earlier with a healthy amount.
So for that reason, it came in handy for us. We still have a bank account in the city of St. Louis, a brick and mortar bank. And I will say that I recently referenced that to a bank employee when talking to him about our Iris society’s tiny account at his bank. I told him hey, I know you arent making any money on this account here, but you’re making money on our personal account so thank you for running our plant society account without charges.
* We chose our bank based on their building. Yes, I am that impractical. There are three banks in Herman and two of them have new ugly buildings. One of them has a cool old building And that is the building I chose.
Last edited by iris lilies; 1-6-26 at 12:12pm.
I have a brick. and mortar bank a couple of near my house where I have a couple of CDs, a checking and saving account, and a safety deposit box. They have a change counter. I still have a foot in the analog days and I use their drive up or walk in for cash withdrawals and other occationals. I don't mind as it's close and there have been things I like to talk with a real person about, but there are probably work arounds digitally for most or all of it.
"I spent the summer traveling: I got half-way across my backyard." Louis Aggasiz
Still use b&m bank for cds, savings for immediate cash (if needed), debit card and checking account. Nice to be able to cash or deposit occasional checks too. Chose institution by best rates, value and location. Could care less about the building it is housed in!
I have checking and savings with Chase, who are huge here. High yield savings account with Vanguard, where my investment accounts are. I like having a big retail bank for my bank, as there’s a branch on the off chance I need to visit a branch.
I can't tell you the last time I went to a bank. Years ago for sure. I do everything through the mobile app. My husband on the other hand isn't tech minded so he will go to the bank from time to time. We have noticed a lot of the branches around us have closed so me might have to switch banks just so he has one to go to.
I like having a local bank. That's where we have our checking account, but we don't keep a lot of extra $$ in there. It's linked to our online savings account, which actually pays some interest. We use the change counter on occasion, and I like it that I can go there for small bills when needed to make change for pottery sales.
I started depositing checks via my phone during covid, so I don't need to visit the bank in person for that anymore.
We still have an account with a local bank. As others have mentioned, it's good for the occasional check, some quick cash, and depositing coins. I view it as a little extra "emergency fund".
To give pleasure to a single heart by a single act is better than a thousand heads bowing in prayer." Mahatma Gandhi
Be nice whenever possible. It's always possible. HH Dalai Lama
In a world where you can be anything - be kind. Unknown
I like being a member at my local credit union. They are active in our community and do a lot of outreach to our Latino community.
I took all my money out of Chase when I read they had dealings with Jeffrie (sp) Epstein.
My therapist told me the way to achieve true inner peace is to finish what I start. So far today, I have finished two bags of M&Ms and a chocolate cake. I feel better already!
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