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Updated over 8 years ago on . Most recent reply

User Stats

61
Posts
17
Votes
Bud Dwyer
  • Phoenix, AZ
17
Votes |
61
Posts

Banks with less security restrictions

Bud Dwyer
  • Phoenix, AZ
Posted

I was wondering if any of you have a bank that is more investor friendly than my current one.  This is the second escrow I've had to push back because they refuse to wire money over $5k online.  They keep trying to get me to come down in person but I live out of state.

I would be OK with an online only bank as long as I could get around any stupid rules as to how I spend my money.

Most Popular Reply

User Stats

8
Posts
3
Votes
Boris Sabovic
  • Investor
  • Orangeburg, NY
3
Votes |
8
Posts
Boris Sabovic
  • Investor
  • Orangeburg, NY
Replied

See Charles Schwab. They are great for investors. They only have one bank, however you can deposit cash at investment centers they have. All fees for ATMs get reimbursed so you can use any atm that you like. Also if you need large sum, you call them and tell them that you would like to take out X amount of dollars and you can take it out in any bank.

I'm sure there are better local options but for me I use Chase and Charles Schwab.

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