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Re: Recommended bank accounts
You will be able to get a checking account and check book when you get here - but remember you won't have built a credit score or be able to get a US credit card til you have been here for 6-12 months.
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Re: Recommended bank accounts
Originally Posted by H Bomb
(Post 12155171)
You will be able to get a checking account and check book when you get here - but remember you won't have built a credit score or be able to get a US credit card til you have been here for 6-12 months.
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Re: Recommended bank accounts
Originally Posted by H Bomb
(Post 12155171)
.... remember you won't have built a credit score or be able to get a US credit card til you have been here for 6-12 months.
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Re: Recommended bank accounts
Originally Posted by LouisB
(Post 12155175)
Thanks, good point. HSBC said something about transfering credit history over from UK accounts. Not sure if that would / could apply if I did that in the US directly.
From the point of view of the rest of America you will still have no credit history - however having a USA credit card from day 1 will help you build a USA credit faster. |
Re: Recommended bank accounts
Originally Posted by Owen778
(Post 12155129)
Really, don't do that.
So with ID and documents sounds like I can walk into any branch and open an account then, in which case Chase and Wells are options if they are the better banks overall. Do either give decent mobile online banking? I'm used to Barclays uk online/banking and it really is first class. |
Re: Recommended bank accounts
I have a universal currency credit card already for now if I need credit, not that I tend to use it at all. For emergencies. Rates are spot rates at time, it is pretty good.
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Re: Recommended bank accounts
Originally Posted by Owen778
(Post 12155164)
Yes, I agree. But there are a lot of very upset customers out there, and it reeks of a really dangerous corporate culture.
"The lawsuit notes that some Prudential insurance products owned by Wells Fargo customers listed obviously-fake home addresses on their applications like "Wells Fargo Drive" or phony email addresses such as "[email protected]." Wells Fargo scandal spreads to Prudential insurance - Dec. 12, 2016 |
Re: Recommended bank accounts
Originally Posted by LouisB
(Post 12155167)
Hi Owen, that's great thanks so much for this.
After speaking with HSBC today I believe you're right, I should do it when I arrive. Regarding small banks like capital one, that's an online bank? If so and you open accounts online what is to stop that from abroad? Dumb question probably. Do they have branches for opening accounts in person? Interesting about Barclays. I do have a uk foreign currency $ account but don't believe it would be suitable as a regular current account in the US for salary and day to day living. |
Re: Recommended bank accounts
Originally Posted by Owen778
(Post 12155209)
There are some online-only banks, but Capital One are not one of them. Their online banking arm is called Capital One 360, and was formerly ING's US online banking. They are a multi-regional bank, which is one step below the "big four" of Chase, Wells Fargo, Bank of America and Citigroup. I wouldn't call a multi-regional bank small. They are still major corporations, with hundreds of billions of dollars under management.
Dumb question then, NY still seems to be heavily cash based, are ATM withdrawals via other banks ATMs free typically like in UK or still charges for that? |
Re: Recommended bank accounts
Originally Posted by Pulaski
(Post 12155176)
That is sooo not true for many (most?) people. Once you have decent income coming in your bank should be willing to give you a credit card, though perhaps with a stupidly small credit limit, which will be increased rapidly ..... until it is a stupidly large credit limit! :lol:
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Re: Recommended bank accounts
Originally Posted by LouisB
(Post 12155229)
.... Dumb question then, NY still seems to be heavily cash based, are ATM withdrawals via other banks ATMs free .....?
Nuff said? ;) I hear some on-line only banks will reimburse the ATM charges levied by other banks (for using their ATM) for a few withdrawals each month. In practice I find I can survive on $20 every 2-3 months, except for paying my daughter's pocket money. |
Re: Recommended bank accounts
Originally Posted by H Bomb
(Post 12155171)
You will be able to get a checking account and check book when you get here - but remember you won't have built a credit score or be able to get a US credit card til you have been here for 6-12 months.
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Re: Recommended bank accounts
Originally Posted by LouisB
(Post 12155229)
Ah I think I assumed capital one 360 and capital one were same.
Well, they're part of the same company. Dumb question then, NY still seems to be heavily cash based, are ATM withdrawals via other banks ATMs free typically like in UK or still charges for that? Does New York really still use cash a lot? My experience elsewhere in the US is of using credit cars much more than the UK. |
Re: Recommended bank accounts
Originally Posted by tom169
(Post 12155240)
Incorrect. I have a credit card, albeit a small limit.
It took a few weeks to arrange to move my Amex relationship over to the US, then I was rolling! :nod: |
Re: Recommended bank accounts
Originally Posted by Owen778
(Post 12155242)
:unsure:
Well, they're part of the same company. ATM withdrawals via other banks are rarely free, unless you have a checking account that refunds ATM fees. Some do, but you may need to pay a monthly account fee or hold a minimum average balance to get that perk. Does New York really still use cash a lot? My experience elsewhere in the US is of using credit cars much more than the UK. |
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