Posted 10/14/2021 08:04 (#9268189 - in reply to #9268164) Subject: RE: Credit Union vs Big Banks
Just stay broke don't have any money in your account there, just owe them money then there will be no issues if something happens, as they will find YOU :)
I work with Ag Country Farm Credit services, have a RLOC with a checking account that we can write checks from (don't write many checks anymore) but don't have an "account" there with a balance when I deposit a grain check it is immediately credited towards my RLOC balance (cuts down on interest $$$ paid) and when I write a check/make a ACH payment the opposite happens.
We have a personal account with a few dollars in another local bank that my wife works at but same deal do not have huge $$ amount in the account as she can see when checks/payments are coming thru and just transfers $$ from the Ag Country account to cover.
Maybe some day I will be cash rich but for now I just keep moving $$ around to keep everyone happy!!!