Tuesday, March 2, 2010

Banks Change

If you follow my ramblings, you will remember when our bank of 20+ years was bought by National City and the anxiety associated with the change.

National City is now part of PNC. The banks get larger and larger. Little banks are failing a dozen or better each month.

PNC will eliminate all traces of National City by mid-June. We received a letter telling us that it is quite likely our account numbers will change.

Can you guess what I ordered 3 days before the letter arrived? That's right. I ordered 2 boxes of checks, enough for 2+ years.

Then there's our business checking account with very expensive checks. I have a good 2 year supply plus a fairly new endorsement stamp reflecting National City.

Beyond those costs, I am concerned about bank fees, minimum balances, and the like. National City grandfathered our personal checking account which meant we have no monthly fees, no minimum balance, and a morsel of interest. I doubt if the giant PNC will honor our faithful past.

I will keep you posted about all the changes in our future.

'til later

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