Everyone knows that money makes the world go round. But, some just are not choosy enough about where they put their money for safe-keeping. After evaluating these three suggestions, it will become a whole lot clearer as to which banks may best serve your interests.
Minding Your Money
We expect our banks to provide us with the best service possible, completely free checking accounts and so on. In order to receive this treatment you must know what to look for.
1. Many customers forgo their once routine trip to the bank, online banking is becoming more and more popular these days. This is in fact because of lower cost structures. With that, many Internet banks currently offer free accounts and more competitive terms, overall. This may include putting money back in your pocket by reimbursing ATM fees. In order to stay competitive in this market, many banks also will waive fees if you choose to use direct deposit or have electronic statements, rather than paper ones.
2. Don’t be afraid to shop around for the best bank for you. In other words, you need to comparison shop. Two Web sites, BankRate and FindaBetterBank may assist you with finding the right match for you. What can I view on these sites? A lot, actually. You can access account balance requirements, compare interest rates, as well as ATM surcharges and monthly fees that may be imposed.
3. Everyone has their own banking needs, what’s yours? Case in point, if you tend to run out of cash and have to visit an ATM at a convenience store, you might want a bank that will refund all of your ATM fees. Is having a minimal balance, let’s say $300.00 in your savings account an issue on a month-to-month basis? If the answer is ‘yes,’ simply pick a bank that offers no minimum account balances or very low balances.
A Better Way to Bank
Because of the recession, many organizations, including banks have found ways to trim the fat and conserve more. This is not necessarily a bad thing, just as long as all of your banking needs are met. Remember: You are in total control of your banking.
Web Links:
http://www.marketwatch.com/story/how-to-choose-a-bank-1307378967732
-Kimberly Williams
[KWLMS] 