Bank

[magid]

I've had my savings and checking accounts with Cambridgeport Bank for years. Now they're being eaten up by Citizen's Bank. I've heard that Citizen's has taken their ATMs off a local network, but other than that, have little information about them. I'm thinking that this might be the time to switch banks. I prefer smaller, local banks to huge conglomerates, partly just because I like supporting local businesses, and partly because smaller banks seem to treat their customers better.

I could stay with Citizens, or go to Wainwright Bank, which is looking to pick up some former Cambridgeport accounts. On the other hand, moving funds to Cambridge Savings Bank would mean I'd be using the bank that also holds my mortgage, which might be useful.

So, does anyone have recommendations for/against one of these banks, or have another suggestion I've overlooked?

Mood: not looking forward to changing all the automatic withdrawals and deposits

Comments

[magid.livejournal.com]

In what way was Citizens bad?

[mangosteen]

Fees, fees, and extra fees, with a side-order of fees.

"So my account costs $12/mo, plus $1 per non-(Citizens/SUM)-ATM transaction, plus .30 per check, plus $5 for online banking, with another $3 if I want online bill-pay, UNLESS I keep a $5000 daily balance with you."

"Yes."

"Why on earth would I want to keep $5000 puttering around in a money market fund or CD that trails inflation by 2%?"

"Well, you could put in $25000, and get a preferred rate."

slow burn ensues.

I was with Citizens when they bought US Trust. After getting nickel-and-dimed, I gave up.

[magid.livejournal.com]

That's pretty bad. I think I'll be switching...

[spwebdesign.livejournal.com]

That pretty much sums it up for me, too. You gotta be rich to get anthing out of Citizens. That, and they managed to lose some of my money. I had to fight to get it back.