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laynamarya
Joined: 01 Jan 2010
Location: Gwangjin-gu
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 Posted: Fri Apr 20, 2012 2:08 am Post subject: Switching US banks while in Korea |
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Hi all,
As Citizens Bank has decided to increase their already atrocious and unnecessary monthly fees, I am looking into switching banks. Has anyone done this remotely? Is there any part of the process that requires my actual presence in the US?
Also, what advice do you have concerning choosing a bank? I don't want to keep a ton of money in an account, because my life is here now, but I do want a fiscal presence, for emergencies and whatnot.
Thanks. |
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cedarseoul
Joined: 16 Feb 2008
Location: nowon-gu
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| Posted: Fri Apr 20, 2012 6:52 am Post subject: |
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| You can open an IngDirect account from here. Orange Savings has a good rate (by US standards). |
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Modernist
Joined: 23 Mar 2011
Location: The 90s
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| Posted: Fri Apr 20, 2012 5:00 pm Post subject: |
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| You can open an IngDirect account from here. Orange Savings has a good rate (by US standards). |
Be advised that ING Direct and all its 'Orange' products are now a wholly owned division of Capital One. Yes, the same Capital One known for its foul service, exorbitant fees and horrible advertising. I have absolutely no confidence that any good things about ING Direct will survive. Don't voluntarily give your money to CapOne.
As to banks in the US, I would recommend using one of the mid-tier banks that has a sizable branch network in your home region. If you were using CB, I assume you're from the Mid-Atlantic or NE? From what I've heard, PNC has a good reputation, how about trying them? Just stay away from the too-big-to-fail monsters like BoA, Citi, Wells Fargo or Chase.
If you don't care about branches, the best online bank is Charles Schwab, IF you can qualify for an account. |
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Pablo
Joined: 15 Dec 2011
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| Posted: Fri Apr 20, 2012 6:53 pm Post subject: |
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I guess it sometimes depends on one's personal situation and experience.
I had some CDs I opened with INGdirect in the States. Years into the CDs, when they learned that I was working outside the U.S. for a few months, they forcibly closed my CDs prematurely, mailed me a check, and said there was no way to appeal or reverse the decision. At the time, my original U.S. mailing address was still valid. I wouldn't touch ING again with a ten foot pole.
Also, my CapitalOne credit card is the best credit card I've ever had (no international transaction fees / immediate display of pending transactions on website / cash back redemption with no minimum level / big sign-up cash bonus / personalized picture on front of credit card) and I've used their free online checking account (no minimum balance) without any incidents.
For general savings and CDs, I now use Discover Bank. Their customer service has been very good. |
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cedarseoul
Joined: 16 Feb 2008
Location: nowon-gu
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| Posted: Sat Apr 21, 2012 5:09 pm Post subject: |
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| Modernist wrote: |
| Quote: |
| You can open an IngDirect account from here. Orange Savings has a good rate (by US standards). |
Be advised that ING Direct and all its 'Orange' products are now a wholly owned division of Capital One. Yes, the same Capital One known for its foul service, exorbitant fees and horrible advertising. I have absolutely no confidence that any good things about ING Direct will survive. Don't voluntarily give your money to CapOne.
As to banks in the US, I would recommend using one of the mid-tier banks that has a sizable branch network in your home region. If you were using CB, I assume you're from the Mid-Atlantic or NE? From what I've heard, PNC has a good reputation, how about trying them? Just stay away from the too-big-to-fail monsters like BoA, Citi, Wells Fargo or Chase.
If you don't care about branches, the best online bank is Charles Schwab, IF you can qualify for an account. |
Does Charles Schwab offer a traditional savings / non-investment account? I understand they are mainly a brokerage and IRA firm. If the OP wants money in a liquid account (for ease of billpay and etc), I'm not sure that CS would be useful. Unless they have services I don't know about, which is entirely possible.
I wasn't aware that ING is owned by Cap1, but to be honest, I've never had a problem with my Cap1 accounts and I've been using them for years. I also used Cap1 auto financing without any difficulty (got a good rate), and I have an account with ShareBuilder--the small-scale brokerage firm controlled by ING. Thus far, no problems with any of these services (knock on wood). |
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