What are the factors that help you decide what bank you want to do business with? November 23, 2009
Posted by Banking in : Other - Business & Finance , trackback
In choosing a bank, what do you look for? Why do you choose a particular bank to borrow money with, put your money in a checking or savings account?Submited by:trater04
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Customer Service is #1 and then the services they throw in as extras like no fee free checking. Also if you walk in and there are lines that usually means poor service and inefficency. I usually just go by the 3 – P’s principle…being Professional, Prompt, and Polite! If you have that you have it made and that principle applies to all things where you are the customer.
I think the highest interest rate and lowest bank charges for savings… the lowest interest rate and lowest bank charges for borrowing… lol
First of all it’s federally insured before I deposit my money in, and has a long history of being safe. Then I’d consider if it’s convenient and if interest rates are competitve. Having a secure online banking setup also extremely important.
Interest rates on savings
Service charges on all accounts
Locations of branches and ATM’s
Availability of savings certificates and IRA’s