Ruth Sarreal

Being a customer of both types of banks can be really useful. Traditional banks do offer some advantages. You can generally get that in-person service. And the biggest traditional banks have a lot of branches and a good number of ATMs. So access to those kind of things is convenient.

If you need like quarters or crisp bills, for example, it's helpful to be able to walk into a bank and get those things. And the big banks do generally offer robust online and mobile services that can compete with those of online banks. But the biggest downside of traditional banks is a really big one. And as we just mentioned before, it's interest rates.

If you need like quarters or crisp bills, for example, it's helpful to be able to walk into a bank and get those things. And the big banks do generally offer robust online and mobile services that can compete with those of online banks. But the biggest downside of traditional banks is a really big one. And as we just mentioned before, it's interest rates.

If you need like quarters or crisp bills, for example, it's helpful to be able to walk into a bank and get those things. And the big banks do generally offer robust online and mobile services that can compete with those of online banks. But the biggest downside of traditional banks is a really big one. And as we just mentioned before, it's interest rates.

So traditional banks, APYs are generally dismal, like 0.01%. So you have no reward for keeping your money with them. And another big drawback is that many traditional banks still charge expensive overdraft fees and other fees, whereas a lot of online banks and credit unions have eliminated those.

So traditional banks, APYs are generally dismal, like 0.01%. So you have no reward for keeping your money with them. And another big drawback is that many traditional banks still charge expensive overdraft fees and other fees, whereas a lot of online banks and credit unions have eliminated those.

So traditional banks, APYs are generally dismal, like 0.01%. So you have no reward for keeping your money with them. And another big drawback is that many traditional banks still charge expensive overdraft fees and other fees, whereas a lot of online banks and credit unions have eliminated those.

I definitely think those higher APYs are still a huge draw. You can grow your money at a much higher rate with an online bank than a traditional one. Rates have fallen some in the past year, but they're still really strong at a lot of online banks and credit unions. Some of the best online savings accounts right now have rates as high as 4.40% or even higher.

I definitely think those higher APYs are still a huge draw. You can grow your money at a much higher rate with an online bank than a traditional one. Rates have fallen some in the past year, but they're still really strong at a lot of online banks and credit unions. Some of the best online savings accounts right now have rates as high as 4.40% or even higher.

I definitely think those higher APYs are still a huge draw. You can grow your money at a much higher rate with an online bank than a traditional one. Rates have fallen some in the past year, but they're still really strong at a lot of online banks and credit unions. Some of the best online savings accounts right now have rates as high as 4.40% or even higher.

Sounds like you have the right ideas in mind making a list of all the things that you would need to transfer over. I think having your Wells Fargo account still open is a great idea that we can, you know, easily transfer money as you need to to the new account. And then it's a good idea to keep it open for a little while.

Sounds like you have the right ideas in mind making a list of all the things that you would need to transfer over. I think having your Wells Fargo account still open is a great idea that we can, you know, easily transfer money as you need to to the new account. And then it's a good idea to keep it open for a little while.

Sounds like you have the right ideas in mind making a list of all the things that you would need to transfer over. I think having your Wells Fargo account still open is a great idea that we can, you know, easily transfer money as you need to to the new account. And then it's a good idea to keep it open for a little while.

That way, if there's anything that comes through that hasn't cleared yet, say like an automatic payment, as you mentioned, or maybe a check that needs to clear, you will still be able to have that go through. And you'll just need to make sure that you have enough money in that old account to meet any minimum balance requirements so that you didn't get charged with a fee.

That way, if there's anything that comes through that hasn't cleared yet, say like an automatic payment, as you mentioned, or maybe a check that needs to clear, you will still be able to have that go through. And you'll just need to make sure that you have enough money in that old account to meet any minimum balance requirements so that you didn't get charged with a fee.

That way, if there's anything that comes through that hasn't cleared yet, say like an automatic payment, as you mentioned, or maybe a check that needs to clear, you will still be able to have that go through. And you'll just need to make sure that you have enough money in that old account to meet any minimum balance requirements so that you didn't get charged with a fee.

And I will also say that when you do close your old account, you should get confirmation in writing. And you should also check what your bank's policy is for reopening accounts in case, you know, you did forget to cancel an automatic bill payment or something. The bank may reopen the account and that could result in a negative balance and overdraft fees. So be careful of that.

And I will also say that when you do close your old account, you should get confirmation in writing. And you should also check what your bank's policy is for reopening accounts in case, you know, you did forget to cancel an automatic bill payment or something. The bank may reopen the account and that could result in a negative balance and overdraft fees. So be careful of that.

And I will also say that when you do close your old account, you should get confirmation in writing. And you should also check what your bank's policy is for reopening accounts in case, you know, you did forget to cancel an automatic bill payment or something. The bank may reopen the account and that could result in a negative balance and overdraft fees. So be careful of that.

And I would keep an eye out for any communication from your old bank about unexpected activity once your account is closed.