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Chomping at the bit

December 6th, 2006 at 09:03 am

I seem to be obsessed lately with reorganizing my system for the new year. I can't seem to concentrate on much else til I make some decisions.

Today's decision, Netbank must go. It was nice to get the $165 in bonuses, but as an ongoing thing it just isn't working. This morning I researched some local banks to see where I might want to move my Discretionary Spending checking account. I think I can get the account opened and direct deposit from my paycheck set up by the end of the week.

FYI - My objections to Netbank.

First, to get paper statements in the mail, they charge you a fee. I really need automatically-mailed paper statements so DH can see what's going on if something happens to me. But I'm darned if I'm gong to pay extra for them.

Second, it's not easy getting money into the account. There are no local branches. And, they don't set up links to other institutions like they do at ING, Paypal and Schwab. You have to give them the sign-on and password to your other accounts' online banking systems. Nobody else asks for that, I'm not comfortable with it, and I'm just not doing it.

I've thought about and tried a couple of different work-arounds, but I'm tired of the hassle. I'd just rather use a normal bank that sends out statements, and where I feel comfortable enough about staying for the long haul to set up direct deposits from my paycheck.

2 Responses to “Chomping at the bit”

  1. homebody Says:

    Sounds like you have thought things through. Be sure to get a free account, it seems like so many banks offer them today. YD opened an account today that would be $6.00 a month if she used the bill pay, but since she is using it for discretionary spending (WAMU is her main bank), she doesn't need the bill pay or the viewable checks. She didn't even order checks for this account. It is about 3 minutes from her house in a Walmart, open 6 days a week, so anyway free account!

  2. baselle Says:

    Wow. I thought if you gave any bank a routing number to any other bank you can transfer money from one account to another. Good to know that Netbank doesn't seem to play by those rules. Sometimes ease of use trumps the absolute highest interest rates.

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