BankingTech FinTech

[Discussion] Question about external transfer and savings accounts

January 02, 2021 at 03:51AM

I’m considering opening up a new savings account with a high interest rate (I am likely going to go with Ally) but have some questions about external transfers since I’ve currently only had accounts with one bank. I get direct deposits into my Suntrust checking account that I would like to transfer to this new Ally account, but I read something about how Suntrust charges $3 per external transfer. How can I avoid this or what would be the best way to transfer money from my Suntrust account externally? Also—I’m considering closing my Suntrust account in the future, what would be a better nationwide bank that wouldn’t have these external transfer fees?

submitted by /u/canadadry__
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