Finance Globe Blog

U.S. financial and economic topics from several writers.

Why it may be Time to Find a New Bank

Nobody wants to find a new bank, however, you could end up in this position for a variety of reasons.

Here are three times when it makes sense to find a new bank:

1. It is no longer convenient. For example, if you move from one community to another, it may be a hassle to do business with your old bank. Even if you enjoyed your experience, it is probably time to move on.

Fortunately, there are sure to be several banks in your new area that are willing to take over your banking needs. Your job is to find the best one for you and your money.

2. The fees are out of control. This is something more and more people are running into. Some banks continue to raise current fees and add new ones. If you are worried about this, it is time to make a change. You work hard to earn your money. Why would you want to give it away to the bank?

3. The customer service has gone downhill. There used to be a time when the “customer is always right.” It seems that this is no longer the way many companies and financial institutions do business. If you don’t like the way you are being treated, it is time to find another bank. You deserve a high level of customer service.

It may be a hassle to search for a new bank, but when everything is said and done you will look back and realize it was the right decision.
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Monday, 23 January 2017