<p>I want to get our accounts out of Citibank. Which banks are stable these days, and have convenient online bill paying?</p>
<p>For some reason, my answer came up before the question!<br>
Wells Fargo is stable. BofA and JP Morgan, probably.</p>
<p>Try some credit unions.</p>
<p>Stable bank…sounds like an oxymoron to me!!</p>
<p>Agreed…try a credit union.</p>
<p>I wouldn’t worry about losing your deposit(s) in any federally insured bank or credit union, unless you have more than $250,000 in your accounts. Actually, with a combination of account holders you can have much more in insured accounts. I would choose your bank based on convenience, fees, how good their e-banking is, interest rates on deposits, etc. For me, convenience of ATMs and quality of e-banking is most important.</p>
<p>I like having several different accounts in local places–our banks & credit unions. Reports are good that all are sound & not much involved in the mortgage & toxic assets issues. You may wish to check out your local institutions–I’m sure you’d value your business & you’d be helping your community as well.</p>
<p>I do have credit cards with Citi & others, but otherwise am not too involved with the large national banks. I like dealing with the smaller locals–the customer service tends to be quite good.</p>
<p>ING online bank is supposed to be good, but I have not tried it. If you are a USAA member, that is the way to go.</p>
<p>If you are worried about leaving your money in Citibank then you should be worried about leaving your money in any bank. The Fed has designated Citi “too big to fail” unless of course they turn out to be too messed up to survive. As much as I like the idea of the local community bank I have less faith in any small bank’s ability to survive a liquidity crisis. </p>
<p>I have been pretty happy with the online services provided by JP Morgan Chase. I like Bank of America even better. Their billpay is very simple, easy and efficient. BofA has branches here in NC (obviously), our former state of NJ, and our son’s college in Boston so it is very convenient for our family.</p>
<p>I don’t see any reason to change banks. Citibank is participating in FDIC’s program that will insure all of the money in your checking accounts through next year. No major banks are all that stable. I don’t think it’s worth the hassle of switching all of your accounts. </p>
<p>NJres, actually, my local bank is doing fantastically! Their business is booming.</p>
<p>I can’t see any good reason to switch. The best way to contribute to things settling down is not to add to the panic.</p>
<p>We opened a banking account with Schwab. It has no minimum deposit, no monthly fees, easy on-line bill pay, and the best thing of all is you can use any bank’s ATM and they will refund any fees that are charged. And the interest rates are higher than our local banks.</p>
<p>Part of the reason I want to leave Citibank is that I was horrified by the article about them in the Sunday NY Times, and I don’t think that their bad behavior should be rewarded. And part is that I don’t want the inconvenience of a bank failure followed by whatever time-consuming process is necessary to get funds out of FDIC. I realize that Citibank is supposedly going to be propped up by the Feds.</p>
<p>Convenience of e-banking is a big factor. I should look into what banks have ATMs nearby. </p>
<p>Thank you for all the posts.</p>
<p>I know how you feel.
I rationalized the situation; Look for the financial institution that gives the smallest amount of interest for your CD’s. That FI does not need your deposits and could care less. </p>
<p>We recently opened 1 yr-CD that offered 6% on a new CU branch opening 
:). I’m kinda apprehensive but perhaps the ROR will calm the nervousness. They do have free coffee and they have older service personnel. :)</p>
<p>That’s interesting about Schwab, blackeyedsusan. Do you need to use their brokerage services in order to have a bank account with them?</p>
<p>We do have a savings account already with Ing, and a checking account with B of A that is barely used - we’ve had it for years, originally with Bank of Boston, which was swallowed by Fleet, which was swallowed by B of A.</p>
<p>NYMomof2 – Schwab requires that you set up a brokerage account, but you don’t have to use it. Our son opened a Schwab account also. You just have to be at least 18 years old.</p>
<p>We had an account with Seafirst Bank (remember that one?), which was swallowed by Bof A. It is OK, and the local branch seems to be always crowded with folks fleeing from WaMu which is just down the road. Years ago when BofA treated us badly (but we got our $400 deposit back), H closed the account and we went to our local credit union. It is so nice that the folks at the credit union greet us by name, but always ask to show our IDs because it says so in our file We can do online banking, but only use it to pay the Visa bill. We opened another BofA account when D went to college, but do not do online banking there either. I like to give our post office some work with the old-fashioned mailed payments. A friend has an ETrade account with online banking. She likes it, but I’m not sure how “stable” it is.</p>
<p>NYMom, not sure where in NY you are but TD Bank which has taken over Commerce this year is very stable and is in the process of changing over the branches of Commerce and TD Banknorth to TD Bank. Excellent service, “America’s Most Convenient Bank”, has won all kinds of awards, and, as a Canadian bank, is in good shape.</p>
<p>BofA has the best online banking. JP Morgan is more stable and seem to be running the bank pretty well.</p>
<p>Interesting about TD Bank, alwaysamom. I noticed that our nearby Commerce Bank had changed to TD. I was very involved in the fight to keep Commerce Bank out of the particular location where they built, limit the sizes of their signs (which were many times what was allowed by code), etc. They were real scumbags. Maybe I’ll look into TD.</p>
<p>We had all our $$ in Citibank and have used them since I was 18. Two months ago, I saw the writing on the wall and opened accounts at Chase and Commerce (TD bank). My reasoning is, while I know I am FDIC insured, if one bank folded, I would still have access to my money at another bank. (Hopefully all 3 wouldn’t fold at once!)</p>
<p>While I still have money in Citi, I just moved more out last Friday and split it between the two other banks. I must say in the short time I have been a customer, I have been very impressed with TD’s customer service.</p>