Chase I use when I sell something in Craigslist for $600 and need to deposit cash. I have no good way to get cash into Ally.
So Chase is just a convenience bank for me. Also used it for the time I needed a 25k cashier check to buy my house. Ally was going to need to pay a wire fee, vs transfer and cashier check was free with Chase.
Ah, good point -- cash deposits and big paper checks (>$10k, IIRC) are a good reason to maintain a big B&M bank account. Didn't think about that since I never do either.
Yah. I keep $1500 in my checking to keep my "free" account. So kind of the trade. They get $1500 of my money that they give me no interest. I get to abuse them for cash deposits and large paper checks.
Ally I put real savings in.
Chase I use when I sell something in Craigslist for $600 and need to deposit cash. I have no good way to get cash into Ally.
So Chase is just a convenience bank for me. Also used it for the time I needed a 25k cashier check to buy my house. Ally was going to need to pay a wire fee, vs transfer and cashier check was free with Chase.
Overall yes I hate Chase.