I am sick and tired of putting up with it. I give and give and give but all I ever get in return is take, take, take. If I make one little mistake on ANYTHING I get zinged like there’s no tomorrow. I look at others and wonder if they experience the same thing. Some of them I’m sure are getting more from their relationship than I am. They boldly flaunt it.
I’m getting a divorce from my bank.
It won’t be easy. My bank and I are joined together, tangled even, in so many ways. My mortgage is with them, I have a savings account there, my children have their savings accounts there, and did I mention all the automatic drafts and payments we’ve set up together? This won’t be easy, but it has to be done, despite the sticky hassle it might become. Why am I and so many others ready to divorce our banks?
- Too many crazy fees
- Other banks offer higher interest rates
- ATM fees
- A really bad online interface
What’s my plan for divorcing my bank?
First, I don’t plan on leaving all at once, but over the course of several months. I plan to leave a few bucks in my old checking account just to be on the safe side. There could be a quarterly draft or something I’ve forgotten to switch over and I don’t want to get zinged again because of one little mistake. That way, every time I see another automatic draft on the old account, I can switch it over.
Second, I’ll closely monitor both my old account and my new account online. By doing so, I can easily monitor my relationships with my mortgage , car insurance company, life insurance company, and others to make certain they’ve started drafting from my new account and not the old one. I have sent checks to some companies in the past that waited 4 or 5 weeks to deposit them (picture me shaking my head).