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  1. #1
    Registered User Semi Pro Member
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    Should I Open an Account at a Bank or a CU?

    If you were a student in your third year and wanted to get a checking account but heard fees and benefits are better at credit unions than the regular nationwide banks. Any thoughts?

    Last edited by Frank C; 12-31-2014 at 08:54 AM.

  2. Should I Open an Account at a Bank or a CU?
  3. #2
    Registered User Semi Pro Member
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    282
    local and regional banks have pretty good rates. Sometimes they have special deals for students. I'd look into it.

  4. #3
    Registered User Semi Pro Member
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    I would say to just compare the advantages the credit union has over the bank such as ATM fees and the savings rates they offer.
    Last edited by Frank C; 01-05-2015 at 07:30 AM.

  5. #4
    In most cases, a credit union will beat out a bank in terms of CD rates and misc. fees that banks charge like overdraft protection, and out of network fees for using another bank's ATM or they reimburse a portion of it..

  6. #5
    Registered User Semi Pro Member
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    I have seen rates in the threes and fives at a few credit unions for checking accounts. That is a no-brainer for me on which one to choose.

  7. #6
    Registered User Senior Member
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    240
    Consider an online bank too which has specials and less fees since they don't maintain a static office location customers can attend.

  8. #7
    Registered User Semi Pro Member
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    I like the personal attention the credit unions give you than a big bank. Like Frank said above, many times the credit union will have more attractive rates than the national or state bank.

  9. #8
    Registered User Semi Pro Member
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    301
    Thanks everyone I decided to open it with a credit union after checking around. I couldn't find a bank with better terms and fees.

  10. #9
    Registered User Senior Member
    Posts
    170
    I say go with a credit union if get what you want in an account and it's cheaper.

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