Valuehalla Posted September 17, 2017 Share Posted September 17, 2017 A friend of mine moved to USA two weeks ago. She has a normal job and she needs to open a bank account to receive the money and pay her bills from there, also needs a card. Furthermore she likes to save money and invest in stocks. Which bank would you folks recommend for these services, where she has lowest fees? Link to comment Share on other sites More sharing options...
Valuehalla Posted September 18, 2017 Author Share Posted September 18, 2017 what do you think about etrade? Link to comment Share on other sites More sharing options...
winjitsu Posted September 18, 2017 Share Posted September 18, 2017 If you want a bank account in several countries, I'd recommend HSBC. If you need to change currencies a lot but only need one account, I recommend Charles Schwab. If neither apply, I really like CapitalOne. If you need branches, I'd recommend Chase or Wells Fargo or a local credit union. Bank of America and Citi are ridiculous on fees. Link to comment Share on other sites More sharing options...
rkbabang Posted September 18, 2017 Share Posted September 18, 2017 If you don't need branches, I do all my banking/investing with Fidelity. They have no fees and even refund third party ATM fees. They have bill pay, check writing, you can do deposits by taking a photo of a check with your phone. $4.95 per trade for stocks. If you need a bank check they will overnight one to you. The only disadvantage is no physical locations to deposit cash or withdraw cash over the ATM daily limit. Link to comment Share on other sites More sharing options...
Valuehalla Posted September 19, 2017 Author Share Posted September 19, 2017 The account is needed to receive the monthly salary, pay some bills fe. the rent, withdraw money from time to time, maybe a card, and do max 5 trades on stockmarket per year to invest small savings, app 6000 US$ a year. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted September 19, 2017 Share Posted September 19, 2017 If she'll be in the Northeast - she can look in Santander now that they have U.S. branch network there. Last I knew, they had some pretty attractive benefits/rewards if you had a checking/savings accounts with them with automatic deposit and paid 3 bills a month. Don't know if that offer is still valid though. I would have opened an account with them myself, but I wanted to maintain my relationship with USAA through their banking products until I own a car and/or house again to benefit from their insurance. Link to comment Share on other sites More sharing options...
winjitsu Posted September 19, 2017 Share Posted September 19, 2017 The account is needed to receive the monthly salary, pay some bills fe. the rent, withdraw money from time to time, maybe a card, and do max 5 trades on stockmarket per year to invest small savings, app 6000 US$ a year. Just go with Schwab. ATM fee reimbursement. No account fees. Great brokerage. Currently a $100 bonus to open an account too -- https://www.doctorofcredit.com/charles-schwab-100-checking-account-bonus-no-monthly-fees-no-international-atm-withdrawal-fees-atm-fee-reimbursements/ Link to comment Share on other sites More sharing options...
Valuehalla Posted September 20, 2017 Author Share Posted September 20, 2017 THX Winjitsu! Link to comment Share on other sites More sharing options...
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