I Like My Bank Because They Haven’t Screwed Me Over Yet
Posted by Cap on October 12, 2010 |A couple of weeks ago, I was in San Francisco and my friends and I were heading to the delicious Volcano Curry, where you can find decent portions of Japanese-style curry being served for a relatively good price.
On the way to the restaurant, I withdrew some cash from an East West Bank branch. Upon seeing the ATM action, a person in the group asked if I banked with East West, and if I liked the bank.
“Oh actually, I have an account at Charles Schwab Bank, and they refund all ATM fees. They’re pretty bad ass.”
“Ah, is Schwab a good bank then?” the person asked.
“Good service so far. Haven’t got screwed yet so I like them.”
Its funny that my immediate thoughts and standard to the quality of a bank is how much, if any, has the bank taken advantage of me.
Charles Schwab, by all accounts, has very decent banking and financial products. While I haven’t used my brokerage account heavily, I have used my checking account and debit card extensively while traveling , knowing full well that I’ll get a decent conversion rate if I withdraw cash while abroad, and the convenience of having any ATM fees refunded is also a nice perk.
Each time that I’ve called Schwab with a question, my call was answered promptly by a U.S. representative in a professional and courteous manner. And yes, my questions and concerns are dealt with within the duration of the call.
Despite all these positive attributes, the quickest way I can convey to a person how much I like my bank is how little the bank has screwed me over.
What strange standards we have these days.
16 Comments to “I Like My Bank Because They Haven’t Screwed Me Over Yet”
Leave a Comment
$20 Amazon Gift Card for $10 from Living Social »
« Free FICO Score: Score Watch Trial is Back (Yay!)

October 12th, 2010 at 9:24 am
So true. We are so accustomed to having negative feelings ONLY if we have a negative experience.
October 12th, 2010 at 5:30 pm
I have a saying: “There are no good banks, just some that are less bad.” It sounds similar to your sentiment…
October 12th, 2010 at 8:25 pm
I work for a bank and use Charles Schwab bank instead. Go figure…
October 19th, 2010 at 11:20 am
We use USAA because we qualify to (my husband is a vet) and I like my bank more and more every day when I hear about how much other people are getting screwed by their banks. I hear banks introducing incentives that my bank has always offered and think, “Ehhh…so.” Like reimbursing ATMs and the whole overdraft protection rule that everyone has to take on now. They’ve always done that. It makes me more and more grateful for that bank!
October 20th, 2010 at 3:21 pm
Entertaining read and very true. I actually have two checking accounts . . . just in case.
October 23rd, 2010 at 3:01 pm
Kaye – We use USAA too.
I had the same “it’s only a matter of time until they screw me over” mentality about banks, until we started up with USAA. Now, my banking (and insurance) experiences are all rainbows and butterflies. It’s customer service – that’s what makes or breaks a bank.
October 28th, 2010 at 5:29 am
OMG! This post is hilarious. I totally agree. I haven’t had any problems with my bank….YET. Hopefully, it will continue to be problem free. I have been their loyal customer for 10 years. Hhhm, but you never know…
I’m with you-they haven’t screwed me yet! LOL!!!
October 29th, 2010 at 10:48 am
I am a big fan of credit unions and belong to 4 different unions. The best one is Pentagon Federal CU. It is setup for military families and has incredible loans rates. I many loans over to them and saved monthly with each one.
November 16th, 2010 at 3:28 pm
It seems like I can never find a bank that doesn’t get bought as soon as I start using it. That aside, usually I find that I screwed myself by not researching my bank before I started using it. There’s always some policy that I inevitable missed like “Cash back at a store generates an ATM fee.”
That said, my favorite bank ever (when I was using them) was FirstIB. They were at the leading edge of internet banks at the time. Their policies on late fees generated when e-payments didn’t get there on time was unparalelled. And they made good on it the one time I had to use it. Not sure how they would compare now.
November 17th, 2010 at 10:45 am
I’ve been thinking something similar about Chase bank: I have free checking just for doing direct deposit, online bill pay is free, I don’t pay ATM fees, service reps know what they are doing and are respectful and helpful. And, I am wondering when it will end, just waiting to get nailed with some kind of PITA or fees, or have service reps answer the phone without being able to understand my language. Hopefully, I’m just being paranoid, but I think you have a point.
November 22nd, 2010 at 2:44 pm
Dammit. I was thinking the same with Chase. Just waiting for them to scew me somehow.
November 24th, 2010 at 11:36 am
I used my Schwab credit card on a trip overseas recently. There were NO currency conversion fees. My other credit cards tacked on 3-5% (mostly 5%) for no extra work on their side.
Alas, Schwab has divorced from FIA Card services, so I’m not sure the great deal will continue.
November 26th, 2010 at 2:44 pm
Lol, yeah that does about sum up the way most banks work though. I would go a little further about mine, which is a credit union that I have belonged to for my whole life. They have always treated me well and looked out for me in a few cases, not what you would really expect now, sadly.
January 12th, 2011 at 7:42 pm
Cap,
I know EXACTLY what you mean. I switched to Schwab banking a year ago and the full refunds on ATM fees is a major relief. It seems like so many banks would rather take a quick buck that a long time customer.
My question is, why don’t more people know about Charles Schwab’s great program?
Jane
May 28th, 2011 at 7:34 pm
I came across this post while searching CS bank. I must say that I signed up, got a call from a rep, and everything is just a breath of fresh air. I am also waiting to see if I get screwed. But the upside is that as I am ex military and have USAA, they haven’t screwed me in over 22 years. They are great. I figured I would give CS bank a chance as I was interested in their no conversion fees while abroad.
Shawn
July 22nd, 2011 at 4:45 am
Its good that u have never faced any issues with your bank otheriwse many people have bad experiences hopr u have the same relation with ur bank as u r having now.