When it comes to banks, customer service is key. You want to choose a facility that has short wait times when you are standing in line. Efficient and helpful associates help you place money in the appropriate accounts for maximum benefit.
If you are opening an account for the first time, choose a branch that has lots of friendly people who are willing to work with you to choose the right account for your needs. You want to compare checking, savings, and other accounts side by side with an associate who will have patience while explaining the differences to you.
You don’t just want to throw your funds into any account and walk away. You want options to maximize your benefit. Choose checking accounts with a low minimum balance and a decent interest rate, or savings that allow you to transfer money from other accounts on a monthly basis. Banks that offer you many different options for housing your money are the most likely to be able to meet your personal needs.
All banks are insured, so you don’t have to worry about your funds. Choose facilities that have security cameras in their parking lots, and well-lit ATMs for after-hours withdrawals and deposits. Check the building to make sure that safes are out of sight, and that employees work behind safety glass for their protection. The more measures in security a financial institution makes, the more secure you know your funds are.
Many banks have weekend or extended hours, so you don’t have to take time off work to access your money. You can also take advantage of online banking, so you can check your funds during closed hours. Choose an institution that is open on Saturdays or has late Friday hours so you can talk to a representative whenever you want. The more flexible a banking facility is, the more convenient they are for you to use on your own time.