Branchless/Net-Only Banks: Experience, suggestions?

[Mr. Laser Beam]

So with a branchless bank, how do you know which ATMs you can use without a fee? Do they tell you flat-out?

And there's no problem depositing checks into an ATM that does not belong to your bank?

[T'Girl]

My Credit Union's ATMs will take endorsed checks and cash deposits. No coins though.

It has to be one of their machines.

[Sector 7]

RoJoHen wrote:

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I'm really not sure why you're rolling your eyes. I literally can't function without a physical place to take my money. I do most of my banking online, but I still need a place to go in order to actually get my money into my account.

In the US, almost every convenience store sells inexpensive money orders.

Mr. Laser Beam wrote:

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So with a branchless bank, how do you know which ATMs you can use without a fee? Do they tell you flat-out?

And there's no problem depositing checks into an ATM that does not belong to your bank?

Ally Bank, formerly GMAC (General Motors Acceptance Corporation), is an online, branch-less bank. They let you deposit checks online by scanning the document. They also do not charge ATM fees AND reimburse other banks' ATM fees.

Hope this helps.

[Sigokat]

Mr. Laser Beam wrote:

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So with a branchless bank, how do you know which ATMs you can use without a fee? Do they tell you flat-out?

And there's no problem depositing checks into an ATM that does not belong to your bank?

I use USAA as well like another poster. (I'm active Army) and USAA refunds up to a certain dollar amount/numerb of transactions ATM fees each month.

I don't use ATMs to much when I'm back stateside, so I've never gone over the amount that USAA has as a cut-off for monthly ATM fee refunds.

As for checks for deposit, I'm old fashion. I mail them to the main USAA branch in San Antonio. Yeah it takes a bit longer, but it works for me.

[RoJoHen]

Sector 7 wrote:

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In the US, almost every convenience store sells inexpensive money orders.

But again, getting a money order would be a completely inefficient use of my time.

[Gaseous Anomaly]

RoJoHen wrote:

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But again, getting a money order would be a completely inefficient use of my time.

And this response is completely inefficient use of my time and yet here it is. Why did you even look in this thread if you had no interest, to troll?

[Locutus of Bored]

Gaseous Anomaly wrote:

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And this response is completely inefficient use of my time and yet here it is. Why did you even look in this thread if you had no interest, to troll?

Overreact much? I don't understand the hostility over such a mundane topic. And please don't accuse people of trolling.

[SeerSGB]

Right now I'm looking into Wells Fargo, Capital One 360, and Ally. But I'm not completely sold on the ideal of going branchless. It seems like the best solution but, thankfully, there's still enough to to research a little further. I like having a flesh and blood office to visit when there's a issue.

[Sector 7]

SeerSGB wrote:

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Right now I'm looking into Wells Fargo, Capital One 360, and Ally. But I'm not completely sold on the ideal of going branchless. It seems like the best solution but, thankfully, there's still enough to to research a little further. I like having a flesh and blood office to visit when there's a issue.

We currently use Wells Fargo, but they are constantly threatening to charge a maintenance fee. That is why I have been researching Ally and other branchless banking. I won't bank at Bank of America because of the abuse of mortgage holders, including robo-signing. (I know several banks did that, but B of A was the leader of this practice.)