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Personal Finance and Investing

SheilaT

(23,156 posts)

4. Are you needing your SS to live on?

Reply to jwirr (Original post)

Sat May 9, 2015, 02:05 PM

May 2015

If so, it hardly matters what bank or credit union you use, other than using one that you are happy with.

Money in regular bank savings accounts really isn't being gambled with, but if you don't like big banks, then by all means don't use one. Go with a local bank or a credit union. And don't forget that the FDIC insures your accounts up to $250,000.

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I moved my Social Security account out of banks and into Direct Express. This is supposedly an [View all] jwirr May 2015 OP

You can either request a prospectus from the bank directly.... A HERETIC I AM May 2015 #1

Why do you care? If for some ethical issue... TreasonousBastard May 2015 #2

It is very much about not wanting to support the robber barons. jwirr May 2015 #3

From my understanding the FDIC is grossly under funded....way more deposits snappyturtle May 2015 #8

That's commonly known, but if things get that bad... TreasonousBastard May 2015 #9

I disagree that it is "commonly" known. The banks scare the hell out of me... snappyturtle May 2015 #10

Are you needing your SS to live on? SheilaT May 2015 #4

Thank you. I do use it to live on every month. They give me a credit card and I pay my expenses jwirr May 2015 #5

Are there any fees attached to the card? SheilaT May 2015 #6

Not any to be a problem. $.75 for a copy of the statement. My original question was because I jwirr May 2015 #7