Personal Finance (Not Investing) • Who has gotten rid of their B&M bank and gone totally online? Best way to do it?

My opinion is that the best way to do is not to do it.

Keep a local bank account open because it's sometimes useful. ...

Agree. Local bank accounts are like a printer for one's home computer: you hardly ever need it anymore, but when you need it, you really need it, and NOW.

^This.

I have had a checking account with BofA for decades (at least two and maybe three). There are no fees (most certainly now that I am platinum honors). Try to charge everything to a number of different CC's. Those are auto paid to the checking account once a month. Checking account usually has under $1,000 in it at any time. I can transfer funds in same day from my Fidelity account. I would not cancel the B&M account. Sometimes I need to go into the bank to do things (like get more cash than I can withdraw from the ATM).

Statistics: Posted by MikeG62 — Sat May 04, 2024 8:15 am — Replies 32 — Views 1665

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