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HubbaBubba
LSU Fan
Gab: @Hubba_Bubba
Member since Oct 2010
35020 posts
 Online 

Is it possible, anymore, to get a personalized banking relationship?
Very simply, I want to pick up the phone and leave a message for "Jim", my banker. When Jim calls me back, I tell him,
quote:

"Hi Jim, I'm looking to purchase a car. I don't know what car, yet, whether I'll purchase new or used, but my budget is $XXXXX. I don't know yet if I'm going to buy from a dealer or from a private party. What are my qualified rates at 24, 36 or 48 months and can I get a better rate by paying 25% of the cost of the car up front?"
In the world I grew up in, Jim would look at his computer screen, see my credit score, my accounts and at a glance know that I qualify for the best rates. He would then tell me, "Let me send you an email so you have this. Happy shopping!"

I'm with Bank of America and it is impossible to have that kind of business relationship any longer with them. Between my wife and I, we have seven figures with them, but that doesn't mean squat any longer. I used to have a first name basis banker there, but the guy retired, and nobody there can figure out whether to wind their arse or scratch their watch without a computer telling them to. Does anyone have that kind of banking relationship and what bank is it?

At BOA, in order to get that information, it requires making an online application, and that hits my credit report, which counts against my credit score. I'm in the 800's, but I've seen before when I was shopping rates on a new mortgage watch my credit score drop from a 811 all the way down to 765, so I' very cautious about making applications now.

At BOA using their app or online on my computer, I can choose Dealer purchase or Private purchase. I can choose the number of months. I can choose used or new. If I want to change the terms of the months, or change from a Dealer purchase to a Private purchase, or from a New auto to Used, I have to make a second, or a third or a 4th application, or more. They just don't give it all to you at once. It's fricking dumb as shite.

I'm what they term, one of their Preferred Rewards Platinum Honors customers. This gets me different rate discounts, free checking, no fees at ATM's that aren't theirs, reduction in fees for mortgages, etc.., but not a name and a phone number of someone that can help with your account. I tried calling and the idiots I get on the phone are impossible to get through and their young kids that wouldn't even be able to balance a checkbook on their own if not for an app.


Splackavellie
New Orleans Pelicans Fan
Bayou
Member since Oct 2017
5530 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
Google can answer all those questions in a fraction of the time.


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243
baldona
Auburn Fan
Florida
Member since Feb 2016
14473 posts

re: Is it possible, anymore, to get a personalized banking relationship?
What's your net worth? Well if you need to loan for a car probably, no.

ETA: FWIW on the business side, absolutely still possible. I'm not sure how often you'd need to bank with someone to make a personal relationship for a personal account?
This post was edited on 2/18 at 4:18 pm


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261
saturday
US Space Force Fan
San Diego
Member since Feb 2007
5472 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
Ban this fool. He just outed himself as not being an OT baller


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390
PetroBabich
LSU Fan
Donetsk Oblast
Member since Apr 2017
3024 posts

re: Is it possible, anymore, to get a personalized banking relationship?
Ok Boomer and Not so subtle brag.


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83
truthbetold
Illinois Fan
Member since Aug 2008
7029 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
Sure it is. There are plenty of small regional banks and credit unions you can go to for this.


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420
beerJeep
LSU Fan
Louisiana
Member since Nov 2016
27721 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
quote:

I'm with Bank of America


Problem found.

Switch banks.

Seriously, you’re with one of the largest banks in the country and are upset you aren’t getting on a personal relationship with someone there. If you don’t have 2 commas in that bank account, you’re a guppy in the ocean to them. You will never, ever, ever, be more than a number.
This post was edited on 2/18 at 4:22 pm


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461
777Tiger
LSU Fan
Member since Mar 2011
48526 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
bro, do you even credit union?


Zap Rowsdower
LSU Fan
MissLou, La
Member since Sep 2010
9362 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
Bet BOA doesn’t let you go into the main lobby and grab a cup of coffee either.


dbeck
Arkansas Fan
Member since Nov 2014
22183 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
quote:

Very simply, I want to pick up the phone and leave a message for "Jim", my banker. When Jim calls me back, I tell him,

Image: https://i.imgflip.com/4ykzpo.jpg


Old Money
Stanford Fan
Member since Sep 2012
24614 posts

re: Is it possible, anymore, to get a personalized banking relationship?
Most banks have some private client thing going *if* you are a high net worth individual. Otherwise, find a small local bank/credit union. Smaller banks will treat you right.


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140
TigerOnTheMountain
US Navy Fan
Higher Elevation
Member since Oct 2014
21758 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
I’m not reading all of that, but to answer the question in your title, yes. Find a local credit union. I use USAA for everything except for business. For that I intentionally sought out a local bank in order to have the type of relationship you describe.


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80
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
79992 posts

re: Is it possible, anymore, to get a personalized banking relationship?
Local credit union


GEAUXmedic
LSU Fan
Premium Member
Member since Nov 2011
40848 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?


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83
HubbaBubba
LSU Fan
Gab: @Hubba_Bubba
Member since Oct 2010
35020 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
quote:

bro, do you even credit union?
Nope, but I hate BOA, so if that's the best route I'll look into it.. This is a car purchase for my son where my credit will be used. He wants to purchase a Tacoma, and pay the note. I'm willing to co-sign and give him the first 25% of the cost of the vehicle.


Sao
SMU Fan
East Texas Piney Woods
Member since Jun 2009
48912 posts

re: Is it possible, anymore, to get a personalized banking relationship?

Dump Big Bank and find a community or even Regional bank. Small S&L or CU. Anyone but Big Bank and hopefully someone who has an interest in locals and giving back when needed.


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90
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
79992 posts

re: Is it possible, anymore, to get a personalized banking relationship?
quote:

I'm willing to co-sign and give him the first 25% of the cost of the vehicle.


I'm available for adoption.


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50
HubbaBubba
LSU Fan
Gab: @Hubba_Bubba
Member since Oct 2010
35020 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
quote:

Bet BOA doesn’t let you go into the main lobby and grab a cup of coffee either.
You are correct. Times have sure changed.


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12
Fewer Kilometers
LA-Lafayette Fan
Baton Rouge
Member since Dec 2007
30946 posts
 Online 

re: Is it possible, anymore, to get a personalized banking relationship?
Used to be your personal banker would mow your lawn, set-up suitors for your daughter, put on a Possum Day Parade for you...

Image: https://cutewallpaper.org/21/raymond-bailey/32421104021874291182532.jpg


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140
Bill Parker?
Member since Jan 2013
3697 posts

re: Is it possible, anymore, to get a personalized banking relationship?
Smaller bank. Family friend handles our personal banking. And she's fine as frog hair. You need to re-examine your life choices.


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