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You can bank online
By Jeff Lakie
It used to be that banks were service providers who were open late
and made their money by investing the money you deposited with
them. For depositing money with them, they would pay you a little bit
of interest.
The times, they are a-changing!
How times have changed! Nowadays, you will be lucky to find a bank
that's open when it's convenient for you. Nowadays, you will be lucky
to find a bank that doesn't charge high service fees which are always
much more than the interest you earn.
So what can you do, since banks are a necessary evil?
New and smaller banks are emerging to fill the gap where larger banks
have been failing consumers for years. In response to that, larger
banks are beginning to move back into a service-oriented model of
doing business by expanding their hours.
Before selecting a bank, be sure to shop around. Here are some ways
to save money on your banking:
1. Get your banking online rather than at the branch. The fee is
are much lower!
2. Stop writing checks. Most banks charge a fee for every techie
right. And most companies, like the ones you pay monthly
bills, well except other methods of payment, such as online or
direct withdrawal.
3. Some banks give you a bonus or a credit based on holding a
minimum balance or by using their credit card for purchases or
by using three or more of their services (mortgage, line of
credit, and bank account, for example).
Small banks are still okay
The bigger banks may have been around longer than the smaller
banks, but banks still have to comply with federal banking regulations,
which mean banking at a smaller, service-oriented branch can be just
as safe. And they may even be guaranteed by the federal government if
they go bankrupt. If you're deciding to switch from a larger bank to
smaller bank, check with them on any federal guarantees they have.
It's your money. Don't let the banks take it from you! Fight back by
actively looking for a bank that has lower fees and better service. Or,
if you don't want to switch, you can manage you fees by examining the
services they provide and altering how you pay for things.
About the Author
Jeff Lakie is the founder of Banking Resources a website providing information on Banking
Article Source: http://www.simplysearch4it.com/article/10379.html
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