Bank of America VS Wells Fargo. Which is more student friendly?
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I'm off to a 4 year university in the fall and am expected to gets loads of financial aid. My teacher suggested that I opened up a bank account to put any excess aid in so that I don't have it just laying around or anything. She told me that my best bet would Bank of America, since they're most student friendly. However, my brother's ex girlfriend who works at Wells Fargo (she said she wasn't being biased here) says that Wells Fargo is more student friendly because BoA has little hidden fees whilst WF doesn't. Can anybody please tell me from student experience which bank would benefit me more? Thank you very much in advance!
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Answer:
Wells Fargo is an aweful Disgusting banking institution. They are not nice to their customers and are even more unkind to their employees. I worked as the Assistant Treasurer of Chase Manhattan Bank for 10 Years and I will tell you that you should seek a savings bank, not a commercial bank. Try a local bank or credit union. I will go even further to say that Chase Manhattan Bank is minority friendly and seeks to promote females..... An internet bank is also a great option... My suggestion is Sallie Mae Bank. Sallie Mae is awesome and based out of Utah.
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Other answers
I think its better to use Chase
They both svck. If you want to be smart with your money, use a local credit union. Credit Unions = NO FEES
There is no best bank, best credit union, or best bank account. You need to look at the totality of the bank’s services, accounts, and fees. Every bank and credit union offers several accounts with different features and different fees. Some banks may have low overdraft fees, but high fees in other areas. Some accounts waive all fees if you maintain a minimum balance. The minimum balance varies from bank to bank. For example Bank of America in Texas sets its minimum balance for its checking accounts at $5,000 to avoid monthly maintenance fees. Other accounts have a monthly fee, but no fee on each transaction. Other accounts have no monthly fee, but a fee for each transaction. Some banks have a large number of ATMs which you can use without a charge. Other banks have a charge for ATMs. I suggest that you visit several banks and speak to the customer service personnel. Bring a written list of questions which are important to you. Find out the features and charges of each of their accounts. Find out how many ATMs are available, and whether there is a service charge for using the ATM. Make sure you get everything in writing. Do not accept anything the customer service person tells you verbally.
I would suggest that you go in person to speak with a banker at each bank and learn first hand what they have to offer and what their fees are, if any, then make your decision. If you find later that everything is not as promised, you can always switch banks.
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