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RIDave54
(@RIDave54)
New Member

Could someone please update me on the banks on St.Croix, that also are in the New England area. Looking to move my retirement direct deposit to one. Last I checked Chase Bank and Scotia were two... Thanks

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Topic starter Posted : March 15, 2011 5:29 pm
SunnyCaribe
(@SunnyCaribe)
Advanced Member

Chase is now FirstBankVI. It has a reasonably sophisticated online banking service so moving money is relatively simple and painless. Scotia is legendary for its poor customer service. I would not consider them under any circumstances.

Locally I use both Firstbank and Bank of St Croix.

FWIW I am considering moving all my primary banking to my credit union and maintaining local accounts for business and personal spending only. Online banking makes this very easy. Benefits include significantly higher interest on savings accounts and vastly lower interest on loans. Oh, and better hours and wonderful customer service.

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Posted : March 15, 2011 5:49 pm
RIDave54
(@RIDave54)
New Member

Thanks for the info Sunny..... Closing on my house in RI in the next 30 days.. Need to get things organized

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Topic starter Posted : March 15, 2011 5:58 pm
speee1dy
(@speee1dy)
Expert

firstbank charges me for online bill pay.

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Posted : March 15, 2011 6:37 pm
lily1025
(@lily1025)
Advanced Member

congratulations on your retirment ridave.my husband and i have had our pension checks from the state of r.i.deposted to first bank of stx for almost 8 years now w/o any problems.congratulations on your move to stx. we have never missed ri [expcept maybe the clams and pizza}send us a pm if we can be of any help. good luck!

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Posted : March 16, 2011 1:37 pm
Linda J
(@Linda_J)
Expert

Our state-side pension checks go DD into Banco Popular for almost 8 years w/ no problem.

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Posted : March 16, 2011 5:49 pm
Hiya!
(@Hiya!)
Trusted Member

You don't need a local bank to do this, but all of them can handle direct deposit.

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Posted : March 17, 2011 11:14 am
Ronnie
(@ronnie)
Trusted Member

Funny how things are. I find Scotiabank to be more customer friendly that First Bank and Banco Popular.

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Posted : March 17, 2011 12:39 pm
ms411
(@ms411)
Expert

One of the things I like about ScotiaBank is they are not a US bank and are not covered by FDIC. What's so good about that? They didn't need a government bailout, and they have to run the bank as a business without government guarantees. They're also good internationally because they partner with so many other banks. I could care less about friendly tellers - just credit my account correctly and have some ATMs. Maybe if you need/want a loan other banks might be better so you have to determine what services you need/want from a bank.

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Posted : March 18, 2011 8:56 pm
CAtoSTX
(@CAtoSTX)
Trusted Member

We've kept our Bank of America account and just use the Scotiabank ATM when we need cash - They don't charge a fee for BofA,

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Posted : March 19, 2011 10:02 pm
ms411
(@ms411)
Expert

It's a good idea to maintain a Stateside account if you can, and depending on your situation, you should also have a local account.

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Posted : March 20, 2011 9:56 am
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