5 thoughts on “How Not to Waste Time at the Bank”

  1. Found your blog very interesting. I’ll comment on this post. I use a regional bank (not as big as BofA, but still pretty big) for most of my activity. I use online bill pay because it saves a lot of time. Recently, I’ve begun scheduling payments, that is sitting down on the 1st or 15th and paying a bill, but no have it mailed until several days later. Occasionally, I have to deposit a real paper check and it’s handy to go into a bank.

    I use a large online bank for a “savings account”. Basically, I put money in for long term savings. It takes a few days for money to get into and out of the bank, which forces me to plan.

    I also have a checking account at a credit union that I use for my business related expenses. When my employer reimburses me, the money goes directly into the account. On the rare occasion when I have to write a check for business purposes, I use that account. (I’ve probably written under 100 checks in the last 5-10 years).

    Finally, I have a credit card that I use for day-to-day expenses such as gas and eating out. I pay this off monthly. I also use this for Christmas shopping to better track my expenses.

  2. Hey @Randy,

    Great comments. I like that you sit down twice a month and pay your bills. This keeps from having to worry about getting things in on time, but still allows you to get it done all at once instead of wasting a little time here in there worrying about it.

    I also like that you brought up your credit union. I’ve never used one, but I know they can have good deals.

    Finally, credit cards definitely provide some good tracking features. These are nice as long as people pay off their cards monthly like you do.

    Thanks!
    -Ryan

  3. Since I spent most of my day at my “banks” refuting fees and getting refunds. I have to say I did triumph in the end with free checking and savings at both. I found this very interesting and may just get a account there. I like your website and advice, thanks. Nice to have someone do the leg work for you!

  4. @Traci, great to hear you enjoy the blog and you’re considering a better bank. I’m also researching Ally Bank as I’ve heard good things and may write a blog post on them soon.

    If you ever have anything you’re wondering about let me know and I’ll do the research for you. I’m always looking for new things to write about.
    -Ryan

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