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barchueetadonai t1_ja82rpa wrote

Reply to comment by porkchameleon in Fu-Wah in West Philadelphia accepting credit cards after 40 years by PienotPi

Credit cards are completely separate from bank accounts. If you need to deposit cash regularly, then find a brick and mortar bank with the lowest minimum balance requirement, and then keep everything else in an online bank. They’re legit so much better.

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porkchameleon t1_ja850jd wrote

> They’re legit so much better.

Can you define "so much better"?

I don't pay any fees at BoA except aforementioned ATM withdrawals here and there (very rarely, too, as I come prepared for "cash only" nights, as BoA ATMs are everywhere, one is within short walking distance from me), and they always take my cash.

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barchueetadonai t1_ja85cna wrote

With BoA, you have minimum balance requirements you have to meet in order to not pay a monthly fee, you get effectively no interest on your savings account, you have to pay for non-BoA ATM withdrawals, and you even have to pay for things like checks. It’s atrocious. I had a BoA account in college and closed it the first second they started charging me just to have an account.

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porkchameleon t1_ja87nv2 wrote

Valid points. A few personal perspectives:

> have minimum balance requirements you have to meet in order to not pay a monthly fee

No problem there, didn't have to do it for a number of years.

> you get effectively no interest on your savings account

That's ass for sure; do other places offer much more?

> you have to pay for non-BoA ATM withdrawals,

Yeah, it's a pain, but I feel that $5 sting may be every 3 months or so at most.

> and you even have to pay for things like checks.

I don't actually use those. Their fee for cashier's check is beyond ridiculous: last time I had to get one it was $15 (up from $10, and they stopped doing money orders awhile ago), but those are very few and far between.

Savings account is probably the only thing I'd consider elsewhere (and should by the sound of it).

EDIT: holy shit, I was wasting money at BoA; Capital One savings it (likely) is. Thanks for heads up, fam! Your next PBR is on me*

*once that interest comes in.

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