Doxory?

photon has decided Banking recommendations. I'll be an MIT student for the next five or so years. Any and all suggestions and comments are welcomed and appreciated!

Bank of America is sounding pretty bad. I'll stick with my old bank until the fall then I'll switch to MITFCU.

Asked 2 years ago

kyrandil: Assuming you won't have scads of money, in which case a large bank will treat you better. Cambridge Trust is also good, though.
lakmiseiru: MITFCU fucks you lovingly :^) Unlike BoA, which isn't very nice about it.
kevinr: They're a credit union, so if you need cash and you don't have an ATM card, you have to get a cashier's check and schlep it to Cambridge Trust. They'll have a branch in the Student Center next year, so it even won't suck to deal with them in person. They've been okay -- not stellar, but okay.
glasser: You may very well want another bank account as well, but there's no reason not to get MITFCU. (They've had really good rates on CDs lately too.)
aletta: Get an MITFCU account. If the lack of branches bugs you, switch to Wainwright, of BoA if you feel like being evil (you can usually find a $75 for new account offer with them).
tibbetts: Get MITFCU, and add something else if/when you notice you want more features. Bank of America is ok, if you get in on one of their student discount options. Otherwise they beat you up with fees.

jmorzins: Bank of America has a high chance of being useful even after you leave.
nelhage: BoA has been fine for me
sauergeek: In the Boston area, Bank of America has by far the best ATM coverage. Unless MIT FCU will rebate your ATM fees, it's probably better to go with the good coverage.
ctsims: Bank of America is an evil company who will handle your money very well. FCU is a nice little company that is lame and doesn't have cash branches.
madcaptenor: Bank of America isn't *bad*, and they have the advantage of having a bazillion ATMs, including many not in the Boston area.

If you make a stupid choice because a website tells you to, it's your own damn fault.