Trust your bank? I trust mine.
What can you say about a bank that operates across several states and didn't need federal government help in 2008/2009 and doesn't gouge its customers? U.S. Bank is stable.
During the ridiculous era of lending to everyone, they didn't. They kept their focus on their core business, rather than some get rich quick scheme, so they didn't suffer when suddenly, lots of people couldn't pay their mortgages.
When I lived in Florida, I looked for a bank that was everywhere, that didn't charge tons of fees. That was Washington Mutual. I was with them for maybe 7 years and as I was getting ready to move, I was going to have to switch banks, as they had no service here. I turned on the tv one morning to find that they were in a deal with JP Morgan/Chase/Chemical etc. etc. to buy their assets. Washington Mutual seemed to be a safe bank--they weathered the Savings & Loan crisis--but they'd done wholesale mortgages.
U.S. Bank wasn't down there or I would probably have chosen them. I liked their style, but it's tough to use a bank that's far away. Trying to reach the drive-up box is madness.
So, here I am and I'm pleased to be with a (more) stable bank. They don't charge an arm and a leg, although they currently waive a monthly $6.95 fee for certain states, such as Indiana, Ohio, and Kentucky.
I trust their tellers, as well as their toll-free support line. During my mum's sickness, I had Power of Attorney access to her accounts and could access everything through the web, as if it was my own account. Web access is well-controlled and using the latest Mozilla Firefox or Google Chrome browser, you're as safe as you're going to be online.
The branches tend to rotate bankers/tellers regularly. No, they don't spin them on their chairs. You might see one of the tellers from this branch at different local branch or they may have left the area entirely. It's better for training and security, but it isn't as comfortable as seeing the same person during each transaction.
Wherever I go in the U.S.A., I hope that U.S. Bank is there. read more