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Recommend me a bank ?
August 21, 2023 at
04:07 PM
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Schwab is an internet only bank. Schwab reimburses you for all ATM withdraw fees (including international) & has a $0 minimum balance requirement (no minimum balance charge). Electronic funds transfers are also free. They also provide free paper checks and has free bill pay.
https://www.schwab.com/checking
Fidelity does not offer checking but has a Cash Management Account. It's a brokerage account that functions similarly to a checking account without the same regulations as a bank and is not FDIC insured. The main advantage is that you can own money market funds (earning 5%) and are liquidated on as needed basis. Also, its debit card or ATM cards have no fee for withdraws. They also provide free paper checks and has free bill pay.
https://www.fidelity.co
A discussion of Schwab vs Fidelity can be found here, https://www.bogleheads.org/forum/viewtopic.php?t=398168#:~:text=Schwab%20is%20best%20if%20you,your%2... [bogleheads.org]