🎓 Dr. Freemo :jpf: 🇳🇱

Help people. I wanted to move money from Bank of America to a new bank, but I cant decide which one.

I mostly want to find some sort of high text, maybe online-only bank with a really feature rich mobile app.

I would love to hear suggestions, USA only (my europe account is Bunq which is great).

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Rizele
@freemo Switch to a local credit union, not a mega bank. They have a nationwide network so you can use ATMs without a fee, and many have apps you can use for bill pay and check deposit.
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🎓 Dr. Freemo :jpf: 🇳🇱

@rizele A credit union is something I considered. But I am more interested in actual features in the mobile app than anything.

I recently found Oxygen bank which has virtual cards as a cool feature. Its my top choice at the moment, going to try them out.

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wes
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@freemo @rizele I was exclusively a credit union consumer for a long time. The primary issue I had was one of convenience: the lack of a decent online experience, and very few brick and mortar locations. As I was moving around cities quite often at the time, it was simply too inconvenient for me.

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Rizele
@wes @freemo That's understandable. I used a big bank for a few years after college. When they got bailed out a decade ago I was pretty settled into my career, and so pulled all my money out to move to a credit union.

Their online banking is clearly some template they bought and changed the logos, but gets the job done.
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🎓 Dr. Freemo :jpf: 🇳🇱

@rizele

I just have different priority. I care about 2 things 1) the options to invest and make money and 2) the unique features.

Oxygen (what I went with just now) offers virtual cards, havent seen that elsewhere. I also got a Charles Schwab account to move my checking and investments to.

Fees on an atm are such an insanely small part of my expenses it isnt even a motivating factor for me (though I could see it might be for some).

@wes

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wes

@freemo @rizele ATM access for me is more about deposits. I’m curious if there are banks that allow non-trivial check deposits via mobile app. The banks I have tried have very low limits, but it is extremely convenient when I’m able to use this feature.

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🎓 Dr. Freemo :jpf: 🇳🇱

@wes

Every bank i've ever used has accepted check deposits by taking a picture for checks in the 10K - 20K range of which I tend to deposit a few per month.

@rizele

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wes

@freemo This is excellent news. I’ll explore my options because this to me is a killer feature.

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