New bank and credit cards – Yay

Due to debit fraud and incompetence by Washington Mutual, I needed to change banks. Choosing a new bank was an involved process, but eventually USAA won my business. That account is now set up and fully funded.

Due to the risks inherent in the poorly-regulated debit card industry, I no longer use them for any purchases. Despite Dave Ramsey’s fanatical advice, I think that a properly tracked and paid-off credit card is safer in both the short and long terms. So, I am using my Costco Amex True Rewards card, and I applied for a Citi Dividend MasterCard. I discussed the benefits of various credit card offers in my credit card roundup article. Yesterday, my Citi card came in the mail, so now I am fully set up.

I went through the last quarter’s records in Moneydance and found all automatic payments. They are now moved to either the Amex card or to my USAA account. My automatic payroll deposit to Washington Mutual is stopped. I can now say with great pleasure.

Bye-bye Washington Mutual, you incompetent losers!

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