Is there a bank that has ALL the pros and none of the cons? (Or at least very little cons)

General Discussions Forum
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I’m incredibly indecisive and I’m trying to open my first bank account (I’m a very latecomer to the game).

Others suggest "you should look for a bank that has * low/no overdraft fees, deposit insurance, etc etc.

American Express and Capital One are usually only used by rich people, according to my (poor) relatives, and almost everyone I know has either PNC or Huntington, which is what I was thinking about.

However, my primary question is: Why shouldn’t I open an account with Capital One or Amex? And what should I obtain that has the fewest drawbacks?

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Check out your local institutions. Big names don’t mean a better banking experience. For personal stuff, a credit union is often better.

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Huntington is an excellent bank.

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Although there isn’t a perfect bank, you should usually choose the one that best suits your requirements and needs.

What qualities are the most crucial that you search for in a bank?

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Huntington offers a free checking account with no minimum balance requirement and a low overdraft fee of $15. This ensures you won’t incur overdraft fees as long as your overdraft stays under $50, making it a solid choice to begin your banking journey.

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It seems like a credit union could be a suitable option for you. While online banking is convenient, having access to physical branches might also be beneficial. I’m not familiar with credit cards, but I find cash-back debit cards appealing. Ultimately, the best choice depends on what fits your specific needs.

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@Tsuna “Personal stuff”—that is, not a credit card from the business?

In other words, as an ordinary person, am I to be granted a credit card for emergencies only?

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@TaylorWealthAdvisor I’ve heard, then. Would you mind sharing a few benefits that Huntington offers you, both now and in the future? I had them first on my list of banker visits because I could use a little knowledge to help me ask more pointed questions later.

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I believe that what gets me stuck is the “journey” portion. Let’s imagine I receive a Huntington’s diagnosis and, for whatever reason, decide it’s not for me. I understand that canceling my card(s) will negatively impact my credit, from which I will never be able to recover. I definitely don’t want to have any negative score repercussions for as long as I can because my goal is to have flawless credit for the rest of my life, or at least as long as physically possible.