A different question for those who know about banks and etc.

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 6:17 pm

So, I need to join a bank/credit union.

WHICH DO I JOIN!? WHICH IS THE BEST.

What the hell is the difference between a bank and a credit union!

Is a credit union a more socialist choice?!?!?!

HELP ME.

*head explodes*

Random Name · Post by **Random Name** » 6/3/2005, 6:33 pm

I think Josh already sent you this. Maybe not.

http://www.allegacyfcu.org/membershipcudiff.html

Question, why are you wondering which is a socialist choice?

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 6:50 pm

I like socialism.
Anything I can take away from Capitalist corporations is a good thing!

nelison · Post by **nelison** » 6/3/2005, 6:56 pm

oh jeeze. Honestly, if you're just looking for a bank to stick your money in any bank will do. Banks are better because you'll be able to find different branches in any city. Credit Unions are usually local (and the more sociallist choice since many were started because of unions), but if you're just sticking many in the bank it's better to go with a place you have easy access to, and that offers you the best deal as a student in terms of fees and whatnot.

Axtech · Post by **Axtech** » 6/3/2005, 6:59 pm

[edit: that was to Sine, not to you, Jim]

Anyways, what kind of acount do you want? Are you looking to save money, or are you going to use your acount for spending?

You should decide on the type of acount, and from there choose which institution will give you a better deal for the acount type you need. Don't limit yourself to whatever you consider to be more "socialist". Also, don't just look at the base monthly fees and go for the lowest - watch for things like "withdrawl fees" (if you get an acount with a low monthly fee, but limited withdrawls, you could kill yourself on fees for each withdrawl over your limit).

And, once you've chosen an acount type, don't fret about it too much. You can always change if you find you need something different.

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 8:39 pm

I was joking! About the socialist and everything thing! :cry:

Well, kinda.

Anyways it needs to be a chequing AND savings account. Close to my house are an Island Savings Credit Union, Royal Bank, Canadian Western Bank, CIBC, and HSBC.

My mummy says to go with TD, but i'm not sure. I looked on all their websites and it confuses me greatly.

Basically I want it to like.. cash paycheques[or get direct deposit], but also to put my own money into it, to interact/take cash out at a machine often, and not have too many of those user fees. So.. Yeah.

nelison · Post by **nelison** » 6/3/2005, 8:41 pm

I'd go TD if I were you then, or CIBC. Basically you just go there and tell them what you need and they'll find you the best plan possible.

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 8:43 pm

But i like credit unions. Island Savings is representin'!

Post by **saman** » 6/3/2005, 8:48 pm

my bank has been royal bank for many a year now, and i've never had any reason to complain about any of their services. i've got a student plan, and i get 25 free card swipes a month, free online banking, and a fee of $3.25 a month.

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 9:01 pm

i dont want to pay a monthly fee.
that isnt fair.

superrgirll · Post by **superrgirll** » 6/3/2005, 9:05 pm

i'm with scotia bank and i am pretty sure i don't pay any fees.

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 9:07 pm

:O really?
*looks up scotia bank*
i like scotia because its latin for scotland.
now that is representin'

closeyoureyes · Post by **closeyoureyes** » 6/3/2005, 9:20 pm

http://www.scotiabank.com/cda/content/0 ... en,00.html
is that good? theres one close.

happening fish · Post by **happening fish** » 6/3/2005, 10:35 pm

I'm with Bank of Montreal and I don't pay shit all!

closeyoureyes · Post by **closeyoureyes** » 6/4/2005, 12:11 am

Can't go with BMO.

Dr. Hobo · Post by **Dr. Hobo** » 6/4/2005, 12:15 am

i used to have an acct w/ BMO
my card was blue
i liked it

thirdhour · Post by **thirdhour** » 6/4/2005, 2:05 am

I'm BMO for life, ma nizzle!

Dr. Hobo · Post by **Dr. Hobo** » 6/4/2005, 2:09 am

im with td now

the card is green
i miss my blue one

Random Name · Post by **Random Name** » 6/4/2005, 6:41 am

I have a presidents choice account and its the greatest thing ever. You don't pay for anything. Period. Ever. They use CIBC bank machines and their internet banking is the easiest thing I've ever seen. I used to be at TD but I switched over because they kept charging for stupid things and had a swipe limit and all that jazz. Now presidents choice is the best.

megxyz128 · Post by **megxyz128** » 6/4/2005, 8:26 am

i belong to a credit union. i just joined because the people at my old bank were assholes, and the credit union was closer to me. i really don't know the difference between the two.