Friday, June 5, 2009

Switching banks

With our envelope system, we end up withdrawing an awful lot of cash (for me, at least). Honestly, I feel like a drug dealer asking for all these specific denominations (this many 50s, this many 20s, this many 10s, this many 5s...) though the bank teller assures me that it's not abnormal. We do that so they split into the envelopes easily; ie 75 to Clothing, 300 to groceries but I don't want 100s, 250 to fuel but 20s are easiest to deal with there.

Anyway, with our local credit union I have a limit on our ATM with drawls; 200/day. Which would be fine, but I like to do all our envelopes in one day and I have a pretty strong aversion to unloading the kids just to walk in the bank. And I don't like going through the drive through, it seems to take quite a while. So I called our bank that we get insurance through, USAA, and switched our checking over to them. Seriously, now they own our life. We have life insurance, renter's insurance, car insurance, a (closed) credit card, and now our checking through them. But we can withdraw 1000 a day and they reimburse the atm fees for using other bank's atms. And we can call ahead and get the w/d limit raised if we're doing something like pulling out cash to buy a car.

We have to mail in our checks, but since we're not cutting it so close any more, the 3-4 day wait time for the deposit is fine with us. Honestly we end up holding on to our checks for 3-4 days anyway before we actually make it down to the bank.


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