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Ask HN: Who do you bank with?

by cripblip on 10/14/17, 12:21 PM with 24 comments

I'm in the US, things I would like:

1. app based two factor auth

2. ability to create read only credentials for aggregator sites such as Personal Capital

I'm currently with Chase, 1. is via sms, 2) is only available via their business account and they do not seem interested in providing for personal.

The only financial platform I have seen that provide both is Betterment, which guides the setup as part of account opening.

  • by askafriend on 10/14/17, 11:35 PM

    I use Schwab for brokerage and checking. They have a great global ATM fee reimbursement (you essentially never have to worry about pulling cash from any ATM, anywhere). They also have some of the better technology to support their services that I've seen (mobile apps, 2FA, TouchID support, etc).

    I also recommend a separate account in Ally Bank for an emergency-fund because they have a great high-yield 1.20% interest rate saving account. The catch is that they're online-only, but that's fine since it'll only be used for emergency assets.

  • by confounded on 10/14/17, 8:27 PM

    A credit union!

    2FA could be better (also SMS), but being a small outfit they put me in touch with the PM responsible and I’ve got better options on his roadmap.

    Not to mention no ATM fees, no aggressive upsells/marketing, and all of the other good things that generally come with Credit Unions.

  • by tylergetsay on 10/14/17, 7:33 PM

    Charles Schwab. It's linked to my brokerage account, I have a 2fa branded fob they provided for free. Sometimes doing simple things like opening a savings account require paper forms, but overall they're awesome. They give unlimited ATM fee refunds and free international withdraws.

  • by throwaway613834 on 10/14/17, 7:10 PM

    Can I ask why app-based 2FA is significant to you? If you're on your phone, wouldn't someone who can access your password manager on it also be able to access your 2FA app on it?

  • by bob1029 on 10/14/17, 12:46 PM

    I currently bank with Fidelity. You can get a Symantec-compatible 2FA token set up with them (I use the android app).

    They have a wide range of demand deposit as well as investment products you can sign up for completely online (assuming you pass your KBA quiz). Accounts are fairly well integrated into their online banking UI, and if your company 401k is also serviced by Fidelity, you can add it along with your other fidelity accounts (this is why I had originally moved to this platform).

    Unfortunately, I do not believe they support "read-only" credentials at this time. My experience in this industry tells me this will not be coming to a "mainstream" banking platform any time soon with all of the regulatory chaos that is being anticipated right now. Smaller banking platforms like Ally are more likely to pick up features you are looking for.

  • by nasredin on 10/14/17, 7:02 PM

    Careful! If you combine the two evils you may crash this site!

    I.E....

    Ask HN: Who do you bank with and who is your ISP and what do you think ab#€£¥NO CARRIER

  • by quickthrower2 on 10/15/17, 2:14 AM

    In Australia. I use the mortgage offset. Switching to get lower rates with resimac.

  • by clementmas on 10/15/17, 8:47 AM

    N26 is a good mobile bank in Europe.

  • by arisAlexis on 10/14/17, 11:52 PM

    Bitcoin

  • by grover_hartmann on 10/15/17, 3:45 AM

    Bitcoin.