People talk a lot of smack about banks, but the reality is we need them. Where else are you going to put your money? It’s a relationship like none other. One you should enter based upon mutual benefits and returns, security and – above all else – trust.
Therefore, your aim is not to find that one bank that fits all. It’s to find the bank that fits you.
When searching for yours, consider:
How much money can you really bank?
The more money you park at the bank, the more perks you should get, like free checking with interest. On the other hand, balances drop. Meaning that the fee-free relationship you signed up for could suddenly saddle you with strings attached.
What perks do you really need?
If you’re a cash and carry kind of person, free and/or reimbursed ATM fees are going to be important to you. Those with a hankering for all things digital are going to need an online bank that offers the full suite of mobile features, from apps to easy click payment transfers.
Banks that offer the real deal vs. banks that flirt.
There are plenty of fish in the sea, and a whole lot of banks trying to net them in with limited “offers”, “rewards”, “free” cash, and “bonus” merchandise. When looking for a long-term banking relationship, pay close attention to a bank’s regular terms and conditions, which might change after the initial sign-up period (i.e., honeymoon).
The bargaining power of your money.
If you plan on spreading your money across an array of accounts (primary checking, savings, CDs, money market, mortgage, credit, and so on), be sure to ask for the price breaks, discounts and perks you’re entitled to.
Are your needs being met?
If you’re already in a serious banking relationship, do your research, then decide: should I stay or should I go?
Now that you’ve taken all these factors into account, it’s time to figure it all out, check out the articles below!
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