Comments

You must log in or register to comment.

danteheehaw t1_ir2giga wrote

Credit unions are generally better due to no banking fees. Their drawback is they typically don't have nation wide locations and their apps tend to be less user friendly.

If you have a family member in the military or was in the military (like even aunt or uncle), the navy credit union has no fees, is established nationwide and their apps are pretty good.

4

abbygirl t1_ir1h6wa wrote

Most people are going to tell you to stick with a local credit union, but if you do want a bank I’ve had a good experience with capital one and they have a teen account

3

shaunaroo t1_ir2jptx wrote

I know Sandy Spring Bank has some pretty good options for that, and I can personally vouch for them being pretty good.

1

obidamnkenobi t1_ir5lmv6 wrote

I'm mostly curious because I'll have a teen in a few years, but do they need to go into a bank? I haven't in at least 8 years (or more?), but not sure if teens would have other needs? I never use cash, but not sure if they do? Venmo and electronic transfer should cover most, no?

As another point: I use Schawb for bank. Zero fees from any atm, great CS. Of course no branch to visit

1

WhiteBoiSebbie t1_irqm0zk wrote

Banker here!

A bank isn’t a one size fits all type thing.

There’s roughly eight steps, I’d recommend:

  1. Identify the right account.
  2. Look for banks that charge little to no fee(s).
  3. Identify if you’d rather have an all digital experience, or if you’d want one that has brick and mortar stores spread across the nation.
  4. Take a good look at notable credit unions. (Navy Federal, PenFed, USAA, etc)
  5. Find a bank that supports YOUR lifestyle & YOUR habits.
  6. Checkout their digital features. Do they let you use Apple/Samsung Pay? Do they let you do mobile deposit, and etc.
  7. This is a must, but generally go through the terms and conditions & see if you understand the fee schedules, availability of deposited funds per RegCC, dispute process, and etc.
  8. Go online - and gander reviews for the banks you’re considering.
1