I'm currently on vacation in California and want to sort out my financial options while I'm over here.
I've opened a checking and savings account with BOA. Charles Schwab said they couldn't help me, and Chase said they need proof of residence (or try other main banks like BOA first and then bring a statement from them as proof).
So now I would like to look into options for investing into some of the bigger stocks (eg Berkshire), and the typical ETF's (eg vanguard s&p500). Back home everything is invested in the Australian share market as the ongoing currency exchange fees look expensive, amongst other reasons.
Firstly, can you recommend any of your favorite brokers with minimum fees? Fidelity rings a bell, and there was a branch nearby I might try having a chat to
Secondly, any suggestions on how I can minimize my banking account fees? I'm not too sure how American accounts may differ from Australian. I have a checking account with a $12/month fee (voided with $1500 balance). A savings account with a $5/month fee (voided with $300 balance). I also have a prepay visa card to spend $USD with, and hope to upgrade to better rewards cards down the road. Could I close one of the accounts? can a savings account do everything the checking account does?
Thank you for your help!