Hope to find a checking account which has no minimum deposit; no maintenance
fee and convenient ATM in China.
1. BOA eBanking
Adv:
No hard pull on credit report;
Good rate on ATM in China;
Disadv:
No free checks;
Not convenient to transfer money between the accounts from different
accounts;
Low interest;
2. Fidelity Cash Management:
Adv:
No hard pull on credit report;
Free checks;
Disadv:
1% fee on ATM in China;
Not convenient to transfer money between the accounts from different
accounts;
DD available after 5-7 days;
3. Ally & SCHWAB:
Adv:
Convenient to transfer money between the accounts from different accounts;
Good APY;
Free checks;
Disadv:
Hard pull on credit report;
All these opinions are from the representatives and Internet.
Corrections are welcomed!
l*******o 发帖数: 620
2
Fidelity的disadv全错...
no ATM fee in China (used it this year)
easy to transfer money to or from external accounts for free
DD available immediately (most checking accounts post DD immediately)
Additional adv maybe:
rebate ATM fees fast(2-3 days after withdraw)
Online chat available
Good for FIA points redeem
Some disadv may be:
long time for check deposit holding
not provide postage paid envelops
For Schwab adv. you may add:
Free ATM all over the world
fast (mobile) check deposit post (same day) and available (no annoying
pending or holding)
Good CS (Chinese rep. available)
Free postage paid envelops
Dis. may be:
Not friendly to set up external accounts for ACH transfer (have to mail a
form and a voided check)
For ally dis. may be:
non-resident alien is not eligible (take own risks)
online banking uses Flash and slow to load
personally prefer Schwab
