Comments on: How to Move Your Money

By: arm-and-leg-safe shopper

arm-and-leg-safe shopper — Mon, 18 Jan 2010 18:29:56 +0000

Me and my wife have had it with BOA. Back in California we eventually moved our money to Wescom CU. Yes, it took a while to setup online billpays and my car loan (which by the way cut my interest) but after that, it was a breeze. Another plus… they’re open 7 days a week, in case you needed to speak to a live person.

Now we’re in Maryland, we moved our money to another CU, car loan and all. They’re not open 7 days a week but it’s fine.

The thing with big banks is that if you don’t have bazillions of dollars with them, you are just a regular jane or joe that they can pretty much have their way with.

So yeah, I agree with Moving Your Money. It’s also a way of helping small business and banks to compete.

By: funny

funny — Mon, 18 Jan 2010 00:56:27 +0000

@ synapse: Wow! Those stories may beat out the lost municipal bond. They certainly are right up there with the mistaken deposit of 10 grand to my account.

Seriously: I wondered what would’ve happened if I hadn’t called and reported it…surely they would eventually have managed to trace the guy’s money?? But what if I’d flown to Rio by the time they figured it out?

My CU must be fairly large by comparison with the ones readers are describing. It has several branches, and each branch that I’ve visited always has several tellers on duty, plus a manager.

Hm…if they credited the money to Fiance’s dad, how come Dad didn’t just write his son a check or transfer the amount back to him? If they got any flack from the credit union, it would be reasonable to protest that without a person-to-person maneuver Son would have gone hungry.

By: synapse

synapse — Sun, 17 Jan 2010 20:47:48 +0000

Credit unions have their problems too. At my last credit union, to do many translations, I had to show up there to the bank in person. Who does that anyone? I’m much happier interacting with machines and websites than people. My fiance also switched from his small, local bank when he gave them a check, in person, and they inexplicably credited it to his father, who has the same last name and first initial (but not name) and goes to the bank a lot more. Then they couldn’t fix it for a while because they couldn’t find the specific guy who handles all that because he was away. (They didn’t seem terribly concerned that at that moment, because the check didn’t go through, he was basically broke.) At a big bank, there are more people who can handle mishaps, and the specific mistake that was made would not have happened.