Today ended up being a quiet day after all the activity yesterday. I did make a decision to begin the process of changing banks. After 6 years with BofA I have decided to switch to Ally Bank. They seem to be more suited to my life as a full timer. Of course beginning the process is only the first step in switching everything over. There is so much involved that it wasn't a step taken without a lot of thought. Direct deposits have to be rerouted and then all the ebills have to be contacted and re-set up. I expect it will be at least a couple of months before everything is running smoothly. The advantage is that Ally Bank is an internet only bank so I won't be supporting fancy branch offices and they have 24/7 on-line and telephone support. I will also be able to use any ATM nationwide and they will pay the fees. Additionally they pay interest on checking account with no minimum balance required. Shoot, next year I might make over a dollar in interest income.
Monday
Tonight we were treated to Rainy and her Tribute to Patsy Cline show. A couple of Connie Francis numbers were throw in for good measure as she played to a full house.
Beginning her first set.
and reappearing for her second set.
Husband Hank running the sound equipment.
Playing to a full house.
I think the crowd at J-5 was very pleased with the entertainment provided last night.
I can still remember the day in my banking career when the manager told us in a meeting, "I know one thing for sure and that's that we will never again have interest rates in the single digits." That was in the early 80s. Times have sure changed. Good luck with the changeover.
ReplyDeleteThe manager wasn't much of a prophet, was he. This endeavor should test me for a couple of months, but hopefully without too many bumps in the road.
DeleteOne nice thing about bank interest rates being as low as they have been...we normally don't make enough interest to have to report it on our Income Taxes. Of course, when our income is fixed at the place it is now, we don't have to worry too much about income taxes anyway, I reckon. Sure a good thing that there is "no inflation" or "cost of living increase" for social security purposes. That means we won't have to spend more on our food, gas, medical, etc. right? Government economists are a strange lot, aren't they? I think they retire and become weather forecasters.
ReplyDeleteI personally have not had to worry about inflation, my income is going through a period of deflation. I agree on the not having to report interest, I don't think it will put me in a higher tax bracket.
DeleteI'd hate to think of changing banks and all that it involves. Good luck! Maybe you'll be able to take a cruise with all that extra income from interest...
ReplyDeleteTo be sure I pondered the move for a long time and I still might end up regretting the decision.
DeleteGood luck with the change. What a pain that would be...I think. I hope it goes smoothly for you.
ReplyDeleteI will probably find out just how much of a pain I've created before it all gets done.
DeleteI opened an ING account last year for the same reason. Then they were bought out by Capital One. Oh, well. I transferred most of the money back to my old checking account and now I keep a small balance only. I might check on Ally Bank if you give it good reviews. Will they accept a mailing address as your address? Because of the Patriot Act, most banks want a "real estate" street address, not a P.O. Box. A real bummer for full-timers who live in their rigs all year long.
ReplyDeleteTo be determined.
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