10 years ago I was laid off from a job. When I told BofA, my bank at the time, that I would no longer have direct deposit paychecks, they told me I would have a monthly fee for my account. I had a checking and savings and had been with them for 6 or 7 years. There was no compassion for the fact that I just lost my job. I closed my accounts the next day and took everything to US Bank who I have been with since.

I opened a savings and checking account with Bank of America (BoA) when I started college because it was the most convenient back in the area that was also prevalent in my hometown. I've always preferred using my debit card over cash because it's easier for me to keep track of my spending that way with BoA online banking, Mint, and now LearnVest. In the year since I graduated, I opened a savings and checking accounts with Ally, a high-yield savings account with American Express, and recently a savings account with SmartyPig. Those accounts give me more interest than any of BoA accounts and don't charge me crazy fees. Once I have my direct deposit switched over to my Ally checking account, I'll be closing my accounts with BoA.