Originally Posted by
calwatch
...Chase also has great money transfer capabilities, including real time transfer, while BoA inexplicably still charges for outgoing ACHs, even for Platinum Honors customers. So I hold $75k in ETFs at Chase and put the rest in BoA, and do my everyday banking in neither.
Agree on the BoA outgoing ACH fee. However, there is a somewhat easy way around it. Set up a regular Brokerage account and it includes (is really) a Cash Management Account. Works as a full on checking account and does not charge for ACH either direction. Only downside I have found so far is that they only do online account set up for other large institutions. I have 2 credit unions and a small bank none of which will link via online. Have to fill out a form and fax or mail for them to set those up.