National bank account decision
#16
BE Enthusiast
Joined: Apr 2012
Location: Apex, NC
Posts: 419
Re: National bank account decision
Thanks for explaining things so detailed and also providing reassurance on the financial security aspect. That's the one thing I was concerned most about.
I'm not looking at multi currency, so will rule HSBC out.
I think we will look at Bank of America as they seem to have a large presence in NC.
I'm not looking at multi currency, so will rule HSBC out.
I think we will look at Bank of America as they seem to have a large presence in NC.
#18
Re: National bank account decision
On the Banks blurb it says have a mortgage with them, technically they only service the mortgage, but that is not what they put in their literature.
Anyway if the bank services your mortgage it may save you some account fees.
In my case BofA took over the servicing of my mortgage from a smaller local bank which gave me access to the perks of having a mortgage with BofA but with a lower interest rate.
Anyway if the bank services your mortgage it may save you some account fees.
In my case BofA took over the servicing of my mortgage from a smaller local bank which gave me access to the perks of having a mortgage with BofA but with a lower interest rate.
#19
Re: National bank account decision
Chase has no presence in NC, nor, I believe in SC or VA. I had a problem with a Chase mortgage once and was told by Chase phone support to visit a Chase branch. ..... According to Chase's web site, the closest Chase branch is in Kentucky!
Wells Fargo seems to be very popular with many on BE, and I have found their services to be good or great. I don't recall ever having "a problem" attributable to Wells Fargo making an error or "falling short". My interactions with customer service staff have been invariably positive.
Wells Fargo seems to be very popular with many on BE, and I have found their services to be good or great. I don't recall ever having "a problem" attributable to Wells Fargo making an error or "falling short". My interactions with customer service staff have been invariably positive.
#20
Re: National bank account decision
We ended up choosing Wells Fargo.
The main reason being is that mortgages seem better than BoA (although likely will use credit union) and the preferred checking account they offer was better than BoA's Interest checking for the amount of money we'd keep in a checking account.
The main reason being is that mortgages seem better than BoA (although likely will use credit union) and the preferred checking account they offer was better than BoA's Interest checking for the amount of money we'd keep in a checking account.
#21
Re: National bank account decision
That's not surprising as Wells has about one third of the market for mortgages - and their market share has gone up at the same time as BoA's has gone down. The last time I heard BoA's share of the market was below 10% and falling.
#22
Re: National bank account decision
As an update to this:
Yesterday I landed in the USA on my K1 visa. On the same day I went with my other half to the local wells fargo (who she now has her main checking account with).
They were very pleasant to me and went ahead and added me as a joint account owner without unnecessary questions to my legal status or anything more than needed to fulfil the patriot act.
I don't have an SSN or ITIN yet and that was fine. She just said to update when I get it, which is fine.
I've already got a working temporary debit card and online banking setup.
Smooth and easy so far.
Yesterday I landed in the USA on my K1 visa. On the same day I went with my other half to the local wells fargo (who she now has her main checking account with).
They were very pleasant to me and went ahead and added me as a joint account owner without unnecessary questions to my legal status or anything more than needed to fulfil the patriot act.
I don't have an SSN or ITIN yet and that was fine. She just said to update when I get it, which is fine.
I've already got a working temporary debit card and online banking setup.
Smooth and easy so far.
#23
Re: National bank account decision
As an update to this:
Yesterday I landed in the USA on my K1 visa. On the same day I went with my other half to the local wells fargo (who she now has her main checking account with).
They were very pleasant to me and went ahead and added me as a joint account owner without unnecessary questions to my legal status or anything more than needed to fulfil the patriot act.
I don't have an SSN or ITIN yet and that was fine. She just said to update when I get it, which is fine.
I've already got a working temporary debit card and online banking setup.
Smooth and easy so far.
Yesterday I landed in the USA on my K1 visa. On the same day I went with my other half to the local wells fargo (who she now has her main checking account with).
They were very pleasant to me and went ahead and added me as a joint account owner without unnecessary questions to my legal status or anything more than needed to fulfil the patriot act.
I don't have an SSN or ITIN yet and that was fine. She just said to update when I get it, which is fine.
I've already got a working temporary debit card and online banking setup.
Smooth and easy so far.