If you are new, the bank representatives will definitely encourage you to open an a Five Star Gold Banking Package. I totally recommend it as it is one of the many ways to save aside some money in a saving account instead of having all the money deposited into a checking account. Besides that, it is Free with no monthly fees. All you have to do to waive the monthly $6 fees is to one of the following steps:
- Auto-transfer to a U.S. Bank personal deposit account a minimum $25 monthly automatic transfer from Five Star Gold Checking to another U.S. Bank personal checking, savings, money market, IRA and HSA.
- Direct deposit of payroll which is$100 or more to Five Star Gold Checking
Checks are great as it is one of the most convenient way to pay your friends. Checks also makes it easy for you to track payments that are made out of your account. It is the easiest way to get a so called free drake merchandise as you could print Drake logo on your check book. so COOL...
My recommendation would be that you open a Standard student checking account and have your free checks sent to you. After that, switch your account to a Five Star Gold Checking account. It took me less than 10 minutes to have the account switch. No hassle. Total cost=$0.
Happy Saving!!
Posts
Five dollars,
ReplyDeletehmm it doesn't seem much but those money can be used to purchase 5 McDonald chicken burgers!
Anyway, there are complications to do so. Changing different bank account plan on the same day, is not what people normally does, and it could take days if the bank teller is ineffective or even inexperience.
But hope this information helps, especially to student like me.
Like the previous the female bank representatives. I think she is no loner working at U.S Bank. She has a heart to help but ending up causing so much problems.
ReplyDelete5 dollars = RM ( 5 x 3.5 ) = RM17.5 ...
ReplyDeleteThis is what usually happened for those malaysian students just came to Drake. RM17.5 means a lot to them ( at first)...This is a big fianancial crisis...think about how many stick of satay u can have with RM17.5, and how many dish of char kuey tiao, how many cup of teh tarik...how many dish of chicken rice!!?wahlao..
so , considering the financial impact and also the psychological impact, they may end up in psychiatric state of mind.
The financial cost + opportunity cost (risk of mental breakdown)
is so significance that no one should have risk it.
In order to prevent this mishap from happening, we should form a malayan union here to help them store money, and we will issue our own check-book. By doing this, we save them ...thus, save the future of malaysia. WAHLAO! I am so brilliant.
haha..Malayan Union bank.. The first Malaysian Overseas bank.. I don't mind being the president.. Help them to save with no interest rate or what so ever.. Just help to store...haha
ReplyDelete