Wednesday, May 26, 2010

Bank of America or Wells Fargo?

I'm looking to open a joint checking account with a friend who lives in a different town than me. The only banks her town and my town have in common are Bank of America and Wells Fargo. Our home loan is through Wells Fargo. I don't know if that makes a difference, just thought I'd throw it out there. Which bank is better?



Bank of America or Wells Fargo?

wells fargo...



bank of america is an arrogant bank with high absurd fees. bank of america has a much larger exposure to subprime loans than wells fargo in $ terms as well as a % of their assets and equity..wells fargo offers much lower fees and since you already have your mortgage loan with them, i believe they might reward you for openning a checking account with them. they are smaller yet friendlier. for example, even if you have a checking account with bank of america, if you want a cashier's check, they will still charge you an $8 fee. with wells fargo, if you bank with them and you need a cashier's check made out to someone, there's no charge for it.



Bank of America or Wells Fargo?

We actually ended up going through Bank of America. We'll see how that works out! Report It



Bank of America or Wells Fargo?

Bank of America is better Financially.



Bank of America or Wells Fargo?

since your home loan is in wells Fargo. open it up in bank of America.



i say this because by having a account well Fargo already your implied power of attorney if you open another account at the same bank



for example



i had a account at a credit union my uncle had an account same credit union with me as a signer on his account



my grandpa had a account with my uncle as a signer.



i deposited money in to my grandpas account and my uncles account and mine same teller same day. i walk outside my uncle calls telling me his broke down not to deposit the money into grandpa account. i walk back in withdrawal 5,000.00 out of my grandpas account into my uncles account.



my grandpa flip about this being able to do this. but the credit union had all of are power of attorneys



Bank of America or Wells Fargo?

Go with which ever one charges the fewest fees and has the best interest rates.



Bank of America or Wells Fargo?

Both companies are fit to handle all your needs. The difference in choice is nil. I would go to the one that is most convenient to access in your day to day. You don't want it to be a chore to go out of your way to get to the bank. Preferably a bank with plenty of parking and lots of teller stations.



Bank of America or Wells Fargo?

I would not go with ether,choose wamu or citi.



Bank of America or Wells Fargo?

Bank of America has a terrible reputation and treats it's customers like crap, and it's employees too. I would not do business with BOA, also just for the record, they will open checking accounts for illegals without social security numbers, but if you are a legal citizen, you must have a ss number. Stay away from BOA.



Bank of America or Wells Fargo?

For a joint checking account either bank would fit your needs.



When it comes to things like CD's and other accounts It's similar to buying gas; one week one will have better deals, the next week the other one will. Right now I like the no risk free CD's at BoA. Wells Fargo offers some cool online features at the moment. Check out what each of them offer for checking accounts, check things like minimum balance required, interest earned, and fees associated with the account. One may have a better offer right now than the other.



Through personal dealings with Wells Fargo, I would never choose them again. The Wells Fargo we went to could not change a few things that needed to be changed with Power of Atourney when my grandma became ill. I've also had other problems with them in dealings with more complicated issues. Others may have had similar poor experiences with Band of America. Prefernce wise, its who you choose and the expieriences you've had with them.



Bank of America or Wells Fargo?

Maybe You should try to google it first ,however if you like some direct resource ,here might be helpful.http://homeloan.online-assistant.info/ho...

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