If you look around you may just notice that banks are a lot like coffee shops, there’s one on every corner. So how to you know which bank is the right bank for you? There are a few questions you can ask yourself when selecting a bank that will help you pick the right bank with the right account. The right bank should allow you to conduct business with a minimum of fees with a product that fits your life style.
The first thing you may want to consider is your location. Is there a bank branch not just where you live but what about where you work? Many times banking hours may require you to make a run to the bank during lunch and you want to make sure that anytime you need to bank the location will be convenient. You may also want to consider your travel habits in this as well. If you only travel out of state or out of country once or twice a year then this may not be an issue, however, if you travel frequently for business or pleasure knowing that your bank can be accessed multiple ways from multiple places is a must.
The next thing you want to consider is what you will use your account for. Are you mainly a cash person for everyday small purchases and only use your debit card or account number to pay bills? Do you hate to carry cash and want to use your debit card for everything? Do you want pay checks direct deposited or do you deposit cash or checks frequently? There are banks that charge for debit card use and some that give you perks if you never come in to see a teller and do everything online or with a card.
Once you’ve answered these simple questions you will be much better equipped to begin shopping for the perfect bank and account for you.