[caterama]

I'm at one of these for the following reasons: 1) It's effectively free when you make sure to meet their conditions like minimum balance, have a direct deposit, enable overdraft protection 2) it's a short walk to the local branch, where I can talk to a human, 3) their web site and mobile app are both great.

[cuteboy19]

American banking system never ceases to disappoint me. Overdraft fees! What kind of mustache twirling Disney villain came up with that?

And to have the gall of touting "overdraft protection" as though it were some sort of feature and not the solution to the problem they themselves invented

[icedistilled]

how much are you paying them in lost interest each year?

And yes, I have a checking account at one of the major banks, I also have a savings account that I keep zero money in because it was opened at the same time decades ago. Having a checking account doesn't seem to be a rip off, my money lands there and then transfers to better pastures. I just don't understand keeping any money in their savings account.

Like if I kept my emergency fund there rather than in a couple online banks, I'd basically be paying the retail bank $800+ a year. Sounds like a scam.