Our local bank has been bought by National City. The conversion will be complete in early February. We received a packet of information this week.
The local bank personnel have assured us our accounts will be grandfathered. Our personal checking account has no minimum balance, no monthly charges, no maximum number of checks or withdrawals, and earns a wee bit of interest which is posted monthly.
It appears to me that banking acquisitions will one day lead to 6 banks. Competition is a good thing for the consumer.
National City once charged a friend for depositing into her away-at-college daughter's account. To avoid the fee, she was told she could drop it in the drop box outside, it would be posted the next day and there would be no receipt.
'til later
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment