Banks Headed For the Top List of Complaints According to Better Business Bureau - How to Choose the Right Bank?

By
Real Estate Agent with Keller Williams Capital District Real Estate

Banks Headed For the Top List Complaints According to the Better Business Bureau

How to Choose the Right Bank?

The Better Business Bureau just released a list of the Top Consumer Complaints and banks seem to be on a rise.  From 2008 the amount of complaints has risen 42.3%.  Steven A. Cox, CEO of the Council of Better Business Bureau attributes this jump in complaints to the housing crisis and unemployment rate.  

Banks How to Choose the Right One

 

How Do I Choose the Right Bank?

The first thing in choosing the right bank is figuring out your needs.  Once you know your exact needs it will be easier to evaluate the competition.  

 

How do I Determine My Needs to Choose the Right Bank?

The main need to consider is your schedule.  See what times banks open and close to make sure they can fit your busy schedule.  If you are websavy look at the differences in online banking.

Free is not always best.  The new hype with many of the major banks is free checking.  They get people in the door however it may not be the best plan for you.  Make sure you are not loosing out on services and conveniences.  

Get opinions from others.  Whether it be someone you know, online reviews, or blogs make it a point to check out customer experiences within the bank.

Start a checklist of everything you need when it comes to choosing the right bank.  

 

Checklist to Choose the Right BankChecklist to Choose the Right Bank

 [ ]  Hours/Weekend Hours/Atm Deposits 

 [ ]  Interest Rate on your money

 [ ]  Face to Face Customer Service

 [ ]  Loan Rates

 [ ]  Free Checking

 [ ]  Online Bill Paying

 [ ]  ATM Fees

 [ ]  Overdraft Protection Plan

 [ ]  Commericial Checking Plan

 [ ]  One stop shop (home loans, auto loans, etc.)

 

How to Choose the Right Bank

 

Comments (2)

Will Handley
Progressive Inspection Service - San Juan Capistrano, CA
Certified Master Inspection Services

Good information!

Apr 11, 2010 04:13 AM
Melissa Furman
Keller Williams Capital District Real Estate - Saratoga Springs, NY
Lic Real Estate Salesperson Luxury Homes

Thanks Will

Apr 11, 2010 04:37 AM