Money Matters

Money Matters
Choosing a​ bank should be a​ well-researched project .​
Which bank is​ the​ best for you depends on​ what features and amenities you most value,​ as​ well as​ the​ use and frequency of​ use you plan on​ making of​ your bank.
Banks come in​ a​ variety of​ sizes .​
Some are small town banks with but a​ few local offices .​
Others can be found all over town,​ and even all over the​ state .​
Which you choose depends on​ what you're looking for from your bank.
If you're pretty much a​ stay-at-home,​ traveling a​ few miles to​ work and stopping at​ the​ downtown branch once a​ week to​ deposit your paycheck,​ then a​ smiling face that knows your name and asks about your family may be most important to​ you .​
Keep in​ mind,​ however,​ if​ that one branch you're typically going to​ rely on​ has severely limited hours and doesn't offer an​ ATM you may find yourself running across town whether you wish it​ or​ not.
If however,​ your workweek finds you running all over town,​ or​ traveling far afield,​ you may well benefit from the​ larger multi-branch bank,​ and the​ one with the​ most accessible ATM locations.
Online banking is​ available now with almost any bank,​ but not all online services are the​ same .​
To assume that because a​ bank is​ online means you have 24/7 access and adequate convenience is​ a​ mistake .​
Where one bank may allow you to​ transfer funds from one account to​ another and offer instantaneous verification of​ this change in​ balance,​ others will delay the​ transaction,​ or​ at​ least your view of​ the​ transaction,​ by more than 24 hours .​
This makes using online access to​ keep track of​ your balances next to​ impossible and it​ can aggravate attempts to​ use the​ bill paying and other online features.
Some ATMs allow deposits and deposit with cash back .​
Others are designed simply for withdrawal .​
This can make a​ difference if​ that long-awaited payment arrives in​ Saturday's mail and you're out of​ cash.
When it​ comes to​ making your money make money it​ definitely pays to​ compare before you make a​ decision .​
Savings and even checking interest rates can vary considerably from one bank to​ the​ next,​ as​ can fees .​
Some banks offer free checking while others do not .​
The rule of​ thumb has always been that credit unions pay better interest rates and are more apt to​ offer a​ loan .​
While this is​ not always the​ case,​ it​ bears researching.
Prior to​ launching your banking comparison the​ way to​ start may well be by asking recommendations of​ friends and family .​
Ask each where they bank and why .​
Ask them if​ they tried any other banks .​
Then head for the​ nearest branch of​ their first recommendations .​
Once you've been to​ one start with the​ others by saying,​ Bank ABC offered me this .​
What can you do for me? It may be that without that additional probing you would not find out all the​ percs there are to​ know about the​ bank you are considering .​
Of course,​ if​ you don't want to​ risk a​ shop til you drop you can explore each bank online,​ and by email,​ and then make your final point of​ determination - their customer service - the​ decider with a​ stop by the​ nearest branch location .​
This approach can save both time and money.
After all,​ isn't that what shopping for the​ best bank is​ all about?

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