Personalized Banking: How to Find a Bank That Will Meet Your Specific Needs

Monday, May 11, 2020, 6:00 AM | Leave Comment

After being with a bank for a few years, there may come a point when you realize that you are no longer happy with their fees or services.

If that sounds like your own situation, then you need to spend a little bit of time figuring out exactly what you want out of your next bank and how you can make that switch as easy as possible.

Personalized Banking

  • Locations

    When it comes to finding a new bank, location is going to be one of the most important factors to consider. Even if you do most of your banking online, you will still probably need to have access to branches and ATMs. For your convenience, you might want to go with a bank that has branches and ATMs near your home, place of work, and any other areas where you will need to deposit or withdraw money.

  • Fees

    Many people don’t realize just how quickly bank fees can add up, and you might end up spending hundreds a year on those charges. In addition to account maintenance fees, you could also be paying extra for services like draft protection or the use of other ATMs. Sitting down and figuring out which bank is going to keep your fees to an absolute could end up saving you thousands in the coming years.

  • Bonuses

    In order to entice new clients, banks often have various sign-up and reoccurring bonus. The most common type of bonus is a new customer reward that gives you a lump sum for originally depositing a certain of money or keeping your account above a minimum threshold for a set period of time. Some banks are also going to give you money at the end of the fiscal year for options such as using their direct deposit system or automatically transferring a certain amount to your savings each month.

  • Additional Products and Services

    Most reputable banks and credit unions are going to offer their clients a wide variety of useful services. If you travel quite a bit, then you might want to find a bank that knows about withdrawals or low-cost traveler’s checks. Other people often look for banks that have their own loan departments for when it comes time to buy a new car or home.

Once you have decided on a new bank, you will probably have to spend at least a few hours changing your banking information. No one wants to switch to a new bank only to realize that their direct deposits aren’t going through or their automatic payments have been declined.

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