Re:Wells Fargo Hit with $1B in Fines
by Spooky23 on Friday April 20, 2018 @11:48PM
(#16889890)
You can do those things.
For sub-accounts, Capital One 360 is the easiest in terms of creating and removing accounts for specific purposes.
Most credit unions have this ability as well. I have accounts in two, and they use the same software platform that makes it easy to partition money in the way you describe. The only difference is that opening and closing sub accounts has only recently been available from the web interface.
Basically, there is no good reason to ever use a commercial bank, unless you have millions of dollars sitting around or handle a lot of cash and the convenience of a BoA or Wells Fargo has value to you for that purpose. Commercial banks will always be more expensive and less responsive.
For sub-accounts, Capital One 360 is the easiest in terms of creating and removing accounts for specific purposes.
Most credit unions have this ability as well. I have accounts in two, and they use the same software platform that makes it easy to partition money in the way you describe. The only difference is that opening and closing sub accounts has only recently been available from the web interface.
Basically, there is no good reason to ever use a commercial bank, unless you have millions of dollars sitting around or handle a lot of cash and the convenience of a BoA or Wells Fargo has value to you for that purpose. Commercial banks will always be more expensive and less responsive.