Has the time come to open your first bank account? Are you interested in opening another account with a bank you already do business with? Regardless of your situation, you need to be patient as you learn more about your many options. Assuming that one bank account is the same as the rest would be a big mistake. For example, there are many differences between a checking and savings account. The same holds true when you...
For many people, one checking account and one savings account may sound like plenty of bank accounts, but it may not be enough. Having multiple bank accounts may help you manage your money better. And for the wealthy or high-income earners, multiple bank accounts can offer more protection. Here are a few reasons to have more than one bank account. Different accounts for different purposes. Putting your money in separate accounts can prevent the mistake of spending money...
Some people have one bank account, but others have many. If you have multiple accounts, there may come a point when you realize that one or more is no longer doing you any good. At that point, you have a decision to make: will you close the account? Here are three reasons to close a bank account: 1. Too many fees. This has nothing to do with how you use the account, but everything to do...
It doesn’t matter why you are seeking a new bank. The only thing that matters is that you make the right decision at the right time. It is easy to believe that all banks are the same, but nothing could be further from the truth. You have to find the best one for your money, and doing so means answering the following questions: • What is unique about each bank?• What does the bank offer from...
As you search for a bank that can help you open a checking account, many questions will come to mind. While it is easy to believe that one bank and account is the same as the rest, nothing could be further from the truth. Your job is to make an informed and confident decision, and this often times means spending some time researching all your options. As you do so, keep these three tips in mind:...
The way you bank today may not be the same way you did so five years ago. This is definitely the case when you take into consideration the strategy you employed a decade or so ago. Technology is changing the way people bank for the better. Although you may have to alter your approach to take full advantage, once you are onboard with the “latest and greatest” it will not be long before you realize that...
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...
Many years ago, nobody would have given online banking a second thought. In today’s world, with so much advanced technology, this is something millions of people have fallen in love with.Most people are familiar with the primary benefit of online banking: convenience. However, there are many other reasons to experiment with this type of banking.1. No more waiting in line. Can you think of anything more frustrating than waiting in line at your local bank, all...
Choosing a local bank is a big decision. While some people stick with the institution they have relied on for many years, others are open to making a change if it makes sense to do so.Do you have the feeling that your current bank could improve in some areas? If so, now may be the time to consider all your options. You don’t want to jump the gun just yet, but if you find another bank...
Are you in the process of comparing local banks, hoping to find the one that is right for you? If so, you know you have many options – this is particularly true if you live in or around a large city.While it is easy to believe that all banks are the same, for the most part, nothing could be further from the truth. Your job is to compare your options, focusing on the pros and cons,...
