Banks Are More Than Just A Place To Park Your Money

If you've been to a shopping mall lately, you've probably discovered two different banks within a few feet of each other. Go inside the food store in that shopping plaza and you'll see yet another one, just waiting to offer their services to you. Now drive down the road a few blocks and you'll probably see yet another bank on the corner. With all the banks to choose from these days, it can be too much. How do you know who is reputable and what will serve your purposes?

It's actually very simple. Make a list of what you want from a bank and choose only two or three of the ones you've heard good things about. Banks are often places that your friends and families will have strong opinions about- so listen to them. If they rave about one and rant about another, you will know where to stay away from. Make sure to take their advice with a grain of salt though, so you don't sign up right away. First, you need to find out all that they offer so you can make an informed decision.

Enrolling with a bank may not seem like a big decision, but it is. Think about it, changing banks is not something people want to do often. And it's not something that is particularly easy or fun to do. You'll want to start with a good bank and stay with them for many years - if not for the rest of your life. You'll probably be using a debit card, credit card, loan and various other services with your bank, so choose wisely.

Inquire from the banks you're choosing between if they offer free checking, what their policy on over-drafting is, how they handle lost/stolen cards, what happens if you have unauthorized charges appear and so on. Talk to them about saving/checking accounts and the fees they charge. Get lots of information to take home with you so you can read it throroghly.

Many will have pamphlets to give you, so take all the ones that interest you. You will also want to find out how many locations they have and where all their ATM's are. Convenience is key with banks since you won't want to have to drive all over town to withdraw cash or deposit checks. If you're considering a start-up bank that doesn't have too many locations yet- make sure you won't be traveling around much just because you won't have access to a bank.

The best thing you can do when choosing between banks is to get all the information you possibly can and then decide which one to go with. This way you'll get the best deals and you'll know what to expect and not expect from your banking institution.

The author has been in the banking industry for 30 years. Her purpose is to help people to manage their money with ease and peace of mind.

Carol Sue Blanchard is passionate about banks and is the webmaster of FEN Banks

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

The Mercury

PERSONAL FINANCE: Sharing financial wisdom with your kids
The Mercury
Parents often try to impart their values about money to help their children establish a strong financial foundation. If you are a parent, talking to your kids about money can help them learn how to be financially responsible, self-supporting adults. To ...


Johnnie St. Vrain: Kids today learn plenty about personal finance
Longmont Times-Call
St. Vrain Valley School Schools integrate lessons about financial literacy beginning in kindergarten, according to spokeswoman Kerri McDermid. Beginning with the class of 2021, high school graduates will be required to earn 0.5 financial literacy ...


Helena Independent Record

Who Should Claim Social Security at Age 62?
Helena Independent Record
There are plenty of good arguments for waiting as long as possible to claim your Social Security benefits, but there are also times when taking your benefit early makes more sense. Here are some situations where claiming early can be the best financial ...

and more »

Richmond.com

Kiplinger's Personal Finance: How to reduce what you pay for your employer's health insurance
Richmond.com
Most people get their health insurance through their employer, and their premiums and deductibles have been rising steadily. But if you follow a few simple strategies, you may be able to increase your coverage and decrease your costs. It's likely that ...

and more »

Helena Independent Record

'The Office' cast teases audience on 'SNL'
Helena Independent Record
"Saturday Night Live" host Steve Carell teases the audience by bringing on his old cast members from "The Office." Tags. Wire · Cnn · Facebook · Twitter · SMS · Email; Print; Save. Load comments. ×. Post a comment as. Emoticons. Comment Text. Cancel.


Financial Times

Weekend catchup — this week's personal finance headlines
Financial Times
The UK has lost two-thirds of its bank branches in the past 30 years, sparking warnings that communities are losing access to mainstream financial services, writes Emma Agyemang. New research by Which?, the consumer group, found there are 7,586 bank ...


Motley Fool

The Motley Fool's New Personal Finance Website
Motley Fool
If you answered yes to any of these questions, you need to check out The Motley Fool's new personal finance website, The Ascent. In this Industry Focus: Financials clip, Fool.com contributor Matt Frankel, CFP, gives an overview of the types of content ...


New York Times

Washington Gridlock? Maybe Not on These Personal Finance Issues
New York Times
Because Washington is so unpredictable these days, we see no reason to give up hope that sensible efforts to improve the personal finances of millions of people might somehow bear fruit. Here are six initiatives with support from both parties that we ...


The Missoulian

4 Ways to Communicate Better With Your Boss
The Missoulian
Others prefer live or face-to-face communication, as they find it more personal and efficient. Be sure to understand how your boss likes to communicate, and respect that method consistently. This way, your boss will be more receptive to whatever it is ...

and more »

Helena Independent Record

The Surprising Retirement Goal 41% of Americans Have
Helena Independent Record
... another $3,000 to $12,000 into that property off the bat. Also, that 1% to 4% range doesn't account for big-ticket repairs that inevitably creep up, which means that if you buy a second home whose roof collapses early on, it could spell financial ...
Americans Have No Idea How Much They Actually Need for Retirement | GOBankingRatesGOBankingRates

all 20 news articles »
Google News

The Wright Place - Finances

Women have a love/hate relationship with money. Most of us... Read More

The Magic Of Compound Interest

Christians are called to be good stewards of God's resources.... Read More

Simple Ways to Save Money

Things are so expensive these days. We seem to be... Read More

How To Free-Up 10% to 15% of Your Income

Would you be interested in freeing up 10% to 15%... Read More

Students Investing in Their Future Need to Manage Their Finances Today

With the A-level results coming out, the long wait for... Read More

Chex Systems ? Why Every American Needs To Guard His Checking Account With His Life

Most Americans have been brought up to be concerned about... Read More

Financial Security

1) HOW TO LOOK FOR A JOBA) The Chronological Curriculum:1.... Read More

Budgets And Eating - Can They Co-Exist?

Whatever your reason for having a tight budget, the truth... Read More

Planning Ahead with Your Finances

If you, like most people, have not seriously considered what... Read More

Five Secrets for Long-term Financial Success

Future financial success is not a guarantee that any one... Read More

UK Graduates Looking Short-Term At Their Long-Term Financial Responsibilities

With almost two thirds of university entrants from England and... Read More

Are You Ready To Be Fired?

Your boss has just informed you that your department is... Read More

Top 10+ Ways to Jumpstart your New Year?s Finances!

Of course, these don't have to be done in any... Read More

Saving Money On Gasoline For Your Automobile

The gas that we fill our tanks with every week... Read More

Creating A Household Budget

Creating a budget can be a very difficult task. Although... Read More

When do You Need a Financial Management Company on Your Side?

We live in a crazy world. Someone ought to sell... Read More

Risky Business: You May Not be as Daring as You Think

I thought I was through with exams when I finished... Read More

Help With My Annuity

The cries are heard from the distance, "I need help... Read More

How to Choose the Right Bank for Your Online Business

You should thoroughly consider your business needs when selecting a... Read More

What Happens if You Die Without Making a Will

If you die without making a Will in the UK,... Read More

Should You Borrow From Your 401(k) Account?

If you have a 401(k) account, it can be very... Read More

What?s New in Checking ? From Designs to Photos

Just about everyone has a checking account. Checks present easy... Read More

Eight Ways To Sink Yourself Financially

1. Don't focus on your finances.The reason most people get... Read More

Save Money on your Clothing Budget. Tame the Closet Monster!

Reducing the clothing budget was a serious challenge for me.... Read More

5 Steps to Healthy Spending Habits

Next to our physical health most of us are primarily... Read More