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Advice - Switching Bank, MMA Account

BillySmall
  |     |   2 posts since 2020

I have been living in the US for a while, in Los Angeles. I have a MMA account (and checking) with Capital One.

I have been happy with it for a few years, but now I would like to switch bank.

The APY went from 2% to 1.5% (they have a new account that offers 1.7%) and I cannot use their app in order to deposit a check, support was very, very bad, unhelpful.

So I am looking for a new bank, offering Checking and MMA accounts, with debit card and checkbook for the Checking account. But also online app, the possibility to transfer funds from one account to the other online, the ability to deposit check online AND to deposit a check physically somewhere (Capital One allows to deposit checks at some ATMs). No outrageous fees, around 2% APY on the MMA account would be great.

I did a little research, I have to say that I am not from the US, so everything is a bit confusing.

I found these banks: UFB Direct, BMO Harris, Pacific National Bank, Memory Bank and SunEastCredit Union (2.2% APY but only for 13 months),

Do you have experience with any of these banks?

Will they work for me/my criterias?

I do not need a physical bank, never had the need with Capital One (only for check deposit when the app did not allow me to deposit checks online, I used ATMs at Target for that).

Any help will be really appreciated, English is not my native language.

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Answers
Sylvia
  |     |   389 posts since 2012
As a first step, you can check reviews for each of the banks by entering their names in the search box at the top right corner of the page. For instance, entering UFB Direct, you will find https://www.depositaccounts.com/banks/ufb-direct.html, which gives an overview of that bank, along with reviews from DA readers, 58 total at this writing. You'll note the overview page also has a summary of current products and rates, and prior promotions by year. Give it a shot. Good luck.
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BillySmall
  |     |   2 posts since 2020
Hi, thank you very much for your advice.
I was not familiar with this website and it is really great! I learned a lot, and discovered a few banks.
Thanks again.
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1
Sylvia
  |     |   389 posts since 2012
My pleasure, thanks for letting me know. This site is full of great resources. Here’s another one that could help your search, https://www.depositaccounts.com/blog/bank-accounts-survey/ . It’s published every other week, alternating with survey of CD rates. An update for one or the other will occur this evening.
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