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Posted by az-willie on June 25, 2007, 5:10 pm
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Andrew DeFaria wrote:
> Having moved to Phoenix, Arizona (actually Tempe) I'm now looking for
> a new, good bank. Previously I was using Compass Bank and over all I
> was not extremely happy with them. They were OK but not great.
> Recently they've degenerated into a terrible institution. I have been
> paying either rent and/or mortgage for 12 years with an online
> repeating payment. Only 2 times has such a payment not arrived and
> both times were in the last 9 months to my apartment in Dallas from
> Compass Bank or Checkfree - who knows and frankly who cares! The point
> is the payment was not made correctly and it was not my fault that it
> wasn't - yet the apartment complex is charging me $200 in late fees
> that Compass Bank/Checkfree are refusing to reimburse me. As such I
> would not recommend Compass Bank to anybody.
>
> In any event I've pulled my 4 accounts from Compass and am looking for
> another bank here in the Valley of the Sun. Qualifications are
> basically online banking (Not web based banking, which I could care
> less about, but online bill payment and transaction download directly
> into Quicken), friendly staff and a bank that is interested in making
> good relations with their customers and help me grow my business.
>
> Your suggestions are welcomed...
>
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I've been using Wells Fargo for years with no problem. For checking
accounts that is.
For savings and CD's etc. you would be an idiot to leave your money there.
I currently use Emigrant Direct for an online bank for savings and CD's.
And they may not pay the highest rates now ... haven't checked lately.
But they are over 5% with no minimum I believe. Wells Fargo would laugh
their ass off if you told them you wanted the kind of rates you can get
online.
But, for a simple checking account, Wells Fargo works just fine.
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