Author Topic: Bankaccount in US  (Read 2443 times)

Valuehalla

  • Sr. Member
  • ****
  • Posts: 316
  • Who wants to earn forever
Bankaccount in US
« on: September 17, 2017, 10:18:44 AM »
A friend of mine moved to USA two weeks ago. She has a normal job and she needs to open a bank account to receive the money and pay her bills from there, also needs a card. Furthermore she likes to save money and invest in stocks.

Which bank would you folks recommend for these services, where she has lowest fees?
« Last Edit: September 17, 2017, 10:28:43 AM by Valuehalla »
BRK FFH MKL LVLT CTL BAC WFC BMY MRK MCD MO PM


Valuehalla

  • Sr. Member
  • ****
  • Posts: 316
  • Who wants to earn forever
Re: Bankaccount in US
« Reply #1 on: September 18, 2017, 11:29:15 AM »
what do you think about etrade?
BRK FFH MKL LVLT CTL BAC WFC BMY MRK MCD MO PM

winjitsu

  • Full Member
  • ***
  • Posts: 147
Re: Bankaccount in US
« Reply #2 on: September 18, 2017, 11:39:54 AM »

If you want a bank account in several countries, I'd recommend HSBC. If you need to change currencies a lot but only need one account, I recommend Charles Schwab. If neither apply, I really like CapitalOne.

If you need branches, I'd recommend Chase or Wells Fargo or a local credit union. Bank of America and Citi are ridiculous on fees.

rkbabang

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 3914
Re: Bankaccount in US
« Reply #3 on: September 18, 2017, 12:05:26 PM »
If you don't need branches, I do all my banking/investing with Fidelity.  They have no fees and even refund third party ATM fees.  They have bill pay, check writing, you can do deposits by taking a photo of a check with your phone.  $4.95 per trade for stocks.  If you need a bank check they will overnight one to you.

The only disadvantage is no physical locations to deposit cash or withdraw cash over the ATM daily limit.

Valuehalla

  • Sr. Member
  • ****
  • Posts: 316
  • Who wants to earn forever
Re: Bankaccount in US
« Reply #4 on: September 18, 2017, 06:37:15 PM »
The account is needed to receive the monthly salary, pay some bills fe. the rent, withdraw money from time to time, maybe a card, and do max 5 trades on stockmarket per year to invest small savings, app 6000 US$ a year.

BRK FFH MKL LVLT CTL BAC WFC BMY MRK MCD MO PM

TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2027
Re: Bankaccount in US
« Reply #5 on: September 19, 2017, 07:33:12 AM »
If she'll be in the Northeast - she can look in Santander now that they have U.S. branch network there.

Last I knew, they had some pretty attractive benefits/rewards if you had a checking/savings accounts with them with automatic deposit and paid 3 bills a month. Don't know if that offer is still valid though.

I would have opened an account with them myself, but I wanted to maintain my relationship with USAA through their banking products until I own a car and/or house again to benefit from their insurance.

winjitsu

  • Full Member
  • ***
  • Posts: 147
Re: Bankaccount in US
« Reply #6 on: September 19, 2017, 03:09:01 PM »
The account is needed to receive the monthly salary, pay some bills fe. the rent, withdraw money from time to time, maybe a card, and do max 5 trades on stockmarket per year to invest small savings, app 6000 US$ a year.

Just go with Schwab. ATM fee reimbursement. No account fees. Great brokerage.

Currently a $100 bonus to open an account too -- https://www.doctorofcredit.com/charles-schwab-100-checking-account-bonus-no-monthly-fees-no-international-atm-withdrawal-fees-atm-fee-reimbursements/

Valuehalla

  • Sr. Member
  • ****
  • Posts: 316
  • Who wants to earn forever
Re: Bankaccount in US
« Reply #7 on: September 19, 2017, 07:19:23 PM »
THX Winjitsu!
« Last Edit: September 19, 2017, 07:38:28 PM by Valuehalla »
BRK FFH MKL LVLT CTL BAC WFC BMY MRK MCD MO PM