Categories: Curiosities

11 Reasons Why You Should Stay Away from Big Banks

BIG BANKS PROVIDE IMPERSONAL SERVICE

Small banks tend to provide more personalized service because their business depends in part on maintaining good relationships with the community. This kind of intimacy is hard to achieve at big banks, which tend to be more bureaucratic and have higher staff turnover. Developing a good relationship with a bank can come in handy, especially when you need to get fees waived or negotiate the terms of a loan.

 

BIG BANK EMPLOYEES ARE INCENTIVIZED TO UPSELL CUSTOMERS

Tellers and financial advisers at big banks often earn commission when they sell customers cards, mutual funds, or high mortgage loans. Each offer varies, but there are often better deals on these financial products at credit unions or small banks. Just remember: Before signing up for services at a big bank, do some research and consult a financial adviser if possible.

cleverfinance

Page: 1 2 3 4 5 6

cleverfinance

Share
Published by
cleverfinance

Recent Posts

Don’t Waste Your Money Buying These 20 Things from Pharmacy

Pharmacies are good places to find medicine and numerous other practical items. However, some things…

6 years ago

15 Ways Your Health Is Affected by Money Problems

Money is one of the most common sources of stress in the United States. In…

6 years ago

18 Worst Spending Ways That You Could Do in 2019

  Bad spending habits — most of us have at least a few. In fact,…

6 years ago

20 Home Improvements That Cost Less Than $1,000

You don’t have to spend big bucks to increase your home’s value. In fact, lower-cost…

6 years ago

10 Tips for How to Sell Out at Your Garage Sale

When I spotted a garage sale sign yesterday, I had to circle the block after…

6 years ago

Save Cash Using These 20 Tips in Every Part of Your Home

The expenses that come with buying, renovating and decorating a home can add up, but…

6 years ago