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by jond2062 5374 days ago
Here is a list of online banks and credit unions you might want to consider:

Ally: http://Ally.com

INGDirect: http://INGDirect.com

Fidelity: http://personal.fidelity.com/accounts/aong/fcma_learn.shtml

Schwab: http://www.schwab.com/public/schwab/banking_lending/checking

Everbank: https://www.everbank.com

Alliant FCU: http://www.alliantcreditunion.org

Incredible Bank: http://incrediblebank.com

Salem Five Direct: http://www.salemfivedirect.com

Bank of Internet: http://www.bankofinternet.com

PerkStreet: http://www.perkstreet.com

Personally, I'd go with Ally. Free ATM rebates. Competitive interest rates. Easy to set up automatic transfers to savings. Free ACH transfers. Remote deposit being rolled out now.

You can't go wrong with any of the other banks either (ING and Schwab are great also), but Ally really has a nice offering.

Also, be careful when and where you use your debit card.

If someone gets a hold of your debit card info, they are accessing your cash directly. With a credit card, they are creating a future liability (no cash out of your account). Further, the consumer protections are not nearly as good on debit cards as they are for credit cards.

I talk about this at length here: http://www.seedlingfinance.com/443/why-i-always-use-a-credit...

1 comments

FWIW the US portion of INGDirect was purchased by Capital One.
True. Although if Capital One knows what's good for them, they won't change a thing about INGDirect (except maybe offering remote deposit!).

I'll certainly be keeping an eye on it, but I don't expect any massive changes in the near-term.