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Need a new bank---Wells Fargo or BBVA Compass

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Need a new bank---Wells Fargo or BBVA Compass

Old 02-05-2015, 01:40 PM
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Default Need a new bank---Wells Fargo or BBVA Compass

Regions pissed me off, so I am moving all of my accounts. Who do you guys like? I'm thinking about Wells or Compass
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Old 02-05-2015, 01:42 PM
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Been using Compass for a very, very long time. No complaints.
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Old 02-05-2015, 02:06 PM
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My business accounts are with Wells Fargo because we need ACH abilities (online rent payments, etc.) and the smaller banks don't offer it - yet.

Since you are local to me...Century Bank. I use them for everything except my business accounts. They remind me of the way banks were 30 years ago.
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Old 02-05-2015, 02:08 PM
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Be careful with wells. They will try to fee you to death.
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Old 02-05-2015, 02:16 PM
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Wells sucks. Been with them since they were First Union.

Personal - SIMPLE. Check it out at www.simple.com

Business - Small Business Bank. Check it out at www.smallbusinessbank.com

Both have online and mobile access. Simple has free ATM access at any 7-11.

Neither cost a penny, ever. Both have excellent customer service.
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Old 02-05-2015, 02:31 PM
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Small local bank.
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Old 02-05-2015, 02:35 PM
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Small local bank or credit union. I do my personal banking at a credit union. I split my business banking between a small local bank and the credit union.

No mega-monster banks for me!
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Old 02-05-2015, 02:41 PM
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If it just personal banking I'd go with your bigger local bank. Its nice to know there is a person you can call when you need something done. Nothing like walking into a big national bank and they refer you to an 800 number for service.
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Old 02-05-2015, 02:48 PM
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Credit union. Not all are good. Usually less convenient branches, but branches aren't as necessary as they used to be. The best bank around here still pales in comparison with my just-pretty-good credit union.
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Old 02-05-2015, 03:28 PM
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Wells. What area?
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Old 02-05-2015, 03:53 PM
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I can honestly say I have never had a problem with WF. In fact, someone got hold of my debit card # last year and bought stuff with it. WF was was great and took care of everything.
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Old 02-05-2015, 04:02 PM
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If you tell me what area I'll see if I can get you set up with a personal banker at Wells.
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Old 02-05-2015, 04:16 PM
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I used to work as a bank examiner, so I've seen banks from as small as $2MM to $30B (which is still somewhat small). I currently work at one of the big monster banks.....

They all have pluses and minuses, but it really depends on what you're trying to get out of the bank. You don't want to be with some small community bank when there's fraud on your account. On the flip side, you don't want to be treated the same as some random walk up customer when you apply for a mortgage.

If access to ATMs is important to you, then you cant beat the big nationals. If you like to deposit checks in person and grab a cup of coffee at your local branch, go community.

Feel free to PM with questions.

Hundreds of thousands of people work for these banks. There's losers and winners in each. Don't let an isolated incident make you think the whole bank is that way.

Also, on the credit unions....you should check out the average loan rates via the call reports. Every time I checked, their rates were higher (on loans, lower on deposits).

Last edited by mrandell; 02-05-2015 at 08:20 PM.
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Old 02-05-2015, 04:26 PM
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Thanks guys! Does WF still try to sell you something everytime you walk in the door?

FWIW, this wasn't a knew jerk reaction. They jerked me around on 3 different deals and I'm tired of it.
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Old 02-05-2015, 07:55 PM
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Originally Posted by PXMAN View Post
Small local bank or credit union. I do my personal banking at a credit union. I split my business banking between a small local bank and the credit union.

No mega-monster banks for me!
I like credit unions.
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Old 02-05-2015, 08:19 PM
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Originally Posted by MayhemFT View Post
Thanks guys! Does WF still try to sell you something everytime you walk in the door?

FWIW, this wasn't a knew jerk reaction. They jerked me around on 3 different deals and I'm tired of it.
Depends...not the business bankers.

If you need a personal banker in a branch...maybe.
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Old 02-05-2015, 09:02 PM
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Keep everything in a mason jar in buried in the back yard.
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Old 02-05-2015, 09:50 PM
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I'm about done with WF - ever since they bought out Wichovia, it's like a revolving door of personnel changes. All the old "regulars" are gone.

They seem more interested in opening NEW (additional) accounts with the EXISTING customers than doing what the general public wants them to do as a bank with ALL customers.

Friend of mine went in there (same branch) a few months ago and closed out 10 accounts, all at once - 6 "business" and 4 "personal". They never even asked "Why?".

My wife went to several local banks (big ones & "community" ones) a couple months ago, checking on rates. W.F. was offering HALF of what most of the others were offering for the same product. She didn't screw around with them and yanked a BIG chunk of change out of W.F. and put in a credit union.

W.F. DID help out a few months back when someone got into one of our accounts - very receptive and prompt at investigating and getting the money back in.

But, for a HUGE bank, the rates SUCK!

Regards,
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Old 02-05-2015, 10:15 PM
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Wells Fargo is a very large and stable US owned bank.
BBVA/Compass are banks owned by a Spanish Banking Group.
Who do you want guarding you money?

On February 16, 2007, Compass Bancshares announced that it would be acquired by Banco Bilbao Vizcaya Argentaria (BBVA), then second largest bank in Spain. The deal was completed on September 7, 2007, when Compass Bancshares became a wholly owned subsidiary of BBVA and was renamed BBVA Compass. The transaction gave BBVA a substantial stakehold in the US banking sector and placed it among the largest financial institutions in the Sun Belt region. BBVA plans to integrate banks previously acquired in the US with the current Compass technology and management platforms
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Old 02-05-2015, 10:57 PM
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Why have a bank when you have a backyard?
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