Which is better, a bank or a credit union?

I belong to a credit union but they also will charge you if you go over. But I also have my savings account to back up anything that it needs to not go over the limit. My credit union used to not charge any fees either but now they are charging $10 a month if all your accounts don`t have an average balance of $200 per month. The good thing about a credit union is when you deposit your money it`s there right then not 24ours later. And some credit unions you have to be a member of something or work at a place that has a credit union available to you. Ours is a military credit union but they are now accepting everyone. You used to have to be an ex military vet or be married to a vet or active duty. My kids got in there too because at that time because they had family there they could also have an account there. Everything is changing these days.

Right now they are all crappy when it comes to overdraughts. Talk to your bank and see if you can get them to reverse some of those charges. That sounds so rediculous. Talk to a bank manager.

Awww, whats wrong with your eye? Did you get to find a new bank yet today? This discusion made me remember something that happened to me at a bank. My acount got over drawn and when I went in to ask about it, this is what they said. As you know when you make a deposit aftre 2pm most banks say it won`t go on the account until the next business day. Well I had made a deposit after I had also written a check. The check went through the computer system first so it went over draw even though the deposit went afer that. OMG!. Please. That`s on of the reasons I like credit unions. At least at mine anyway, when you make a deposit it is there right then. Certain checks they do put a hold on though. Not pay checks.

Angie, I went through 3 banks because of a similar situation. With hubby out of work for over two years our money is very tight at all times. So if my acct. is not right on and with my memory, I've ended up in your position a few times. Each one of these banks had the same process of taking transactions that had been covered and some times cleared and re-arranged them so as to charge more than 1 service charge. It's criminal. I used to work for a bank up until March 2007 and this kind of practice didn't exist then. I've heard that Credit Unions are better than banks but I couldn't tell you for sure. It's worth a try. Leenie

We had a bad experience with the bank a couple of years ago, too. My husband had just started his job, and we were arranging to have his paycheck go to the bank via direct deposit. He filled out all the paperwork with his employer, and we got the confirmation that his paycheck had been deposited in the bank account. We wrote out the checks to pay the bills and buy groceries, and the next week we were told that we couldn't write a check at the grocery store. We wanted to know why and were told that our check had bounced! I knew that couldn't be the case, because we had enough money in the bank to cover our expenses. After some investigation, I found out that my husband's check had been direct deposited into the savings account instead of the checking account. There is only one number difference in the two accounts, and it had gone to the wrong one. I tried to reason with the bank and explain that it wasn't our error. I even showed them the paperwork with the correct number on the direct deposit form. It didn't make any difference, and we had to pay ALL the fees and penalties from the bounced checks, even though there was enough money in the bank!

Hi babyangie, unfortunately banks are in business for one goal only, and that is to make money. Good luck negotiating with the money-grubbing bottom feeders! If you have a savings account, you can link it to your checking account in the event of needing a transfer to eliminate overdrawing your chequing account. You only pay overdraft fees if you use it, there is no monthly fee for this service. I am not sure if your bank offers this service or not, but it would be worth looking into in the event this situation arises again. I don't know much about credit unions, but don't they have similiar policies regarding overdue accounts and fees? Our nearest credit union is quite far away so that has never been a viable option for me. It wouldn't hurt to research this a bit further though.

I wish I lived closer to you babe. I`d watch AJ for ya and let you use my truck. Good luck with finding a bank. I`m sure you will find a good one if you look around for awhile.