Banking Recommendations

Not sure why the bank needs to know anything about trucking.

My bank needs to know about money and offer good rates on any loans. Thats all I care about.

Comdata etc,.. its llike Paypal,.. you set up an account,. you put money into it,.. you use it where people need guaranteed funds. I am personally done with Commi-data and their fees. I just use my bank cards now.

Hurst

 

Interesting you folks still need to deal with banks in person, waste of time IMO.
I have not been inside a bank in 15 years. Everything can be done online including mortgages/loans etc. Current bank I deal with(Manulife Bank) does not even have a "brick and mortar" building within 800 miles of my little acre of frozen tundra.

 

I have 6 accounts with Bank of America plus 3 of their credit cards, wife’s truck was financed through em. You Couldn’t ask for a easier way to do buisness, I haven’t stepped foot in a branch for years and can do pretty much anything on mobile banking.. I’m sure I could get a more “personal” experience at a small bank in town but why in the heck would I give up the convienance and the safety of being with a bank the size of boa..

 

We don’t run OTR, but as long as there are still local banks available, I’ll never have anything to do with a national or regional chain again.

I was at a local bank that got bought out by a national chain. All of a sudden, the people at my branch couldn’t make a decision on anything, it all had to go through the main office and you were nothing but a number.

On top of that, I had a truck loan that I was I was making payments on, they were cashing the checks, but they weren’t crediting the account. It was a big mess getting that fixed and there is still a ding on my credit over it. It got so bad I was worried they were going to repo the truck, even though they were cashing the payment checks.

I walked into the local branch one day, demanded all my money in cash, walked out, and never went back. I can put up with a lot of crap, but not when you are screwing with my money.

 

Most bankers are not familiar with a Comdata or EFS checks. You can deposit them but it might take days for someone inside the bank to credit your account.

The #1 trucking bank is Transportation Alliance Bank (TAB).

 

Transportation alliance bank. Or TAB

 

Transportation Alliance Bank or TAB. They do everything.

 

Bank of america is the type of government sized, emotionless monolith that changes terms on mortgage contracts and puts families out on the street all the time. Happened to a friend then to me. The peanut gallery will say "but but but its a contract, they cant do that" and your attorney will say what mine said. "They do this every day, and own the courthouse too."

I had about 15yrs of wonderful experience with them, until they kinda wrecked my life. Dont mess with BOA.

 

What do you do when you want say 10 grand cash, if you can't just walk in and cash a check, most liquor stores won't go over 50 bucks anymore. lol

There are lots of times I like to just cash a check too, instead of deposit it, how could a guy do that online.
I would not put all my trust in computers, nor all my eggs in one basket, either.

 

Ive handled comchecks though most charter banks in the USA there are 16 of these. Regions here in the south understands them. Same as cash. It becomes a bank to bank transfer back and forth after you get or sent money.

But online? We only did it with Navy Federal and extremely little on my end currently, there is a human in our security who oversees my account by request whenever I move or wire money in near real time. Online for us was a way to bypass the 600 dollar limit on spending. 4 checking accounts makes 2400 dollars that can be moved in a day each month to another credit union etc without trouble.