Download
1 / 13
130 likes | 257 Vues
When selecting a bank, it's essential to ask the right questions and consider various factors. Start by evaluating whether your money is secure, the costs associated with accounts, online bill payment options, and the bank's accessibility to meet your needs. Explore established institutions like Bank of America, Wells Fargo, and Chase, each offering unique features and account options. Discover the differences between banks and credit unions, including ownership structure and customer experience, to make an informed choice that best fits your financial needs.
E N D
Comparison Shopping By: Chaston Hill
When Choosing a Bank… • What steps should I take and where do I start?
Questions that you should ask! • Is your money secure? • How much does the account cost? • Online bill paying options? • Is the bank accessible enough to meet your needs? • Convenient locations ? • Are there minimum balance or minimum deposit requirements?
Bank of America • Bank of America has been with us sense 1922. • They are a well established company, that provide you with lots of information regarding their accounts and banking information . • When you go on to their website you are almost immediately prompted with a live assistance that will help you with questions that may arise. • They are one of the nations Top Banks.
Wells Fargo • Wells Fargo has been with us sense 1852 much longer than bank of America. • They are also a Well established company but are they better than bank of America? • I think that they provide you with more account options to optimize your personal control over your accounts. • Bank of America gives you certain guidelines and you have fewer options unlike Wells Fargo.
Chase • In 1923 was when Chase became an official Company. • Like Wells Fargo, Chase allows you to have more control of your accounts. • Offer different individual sets of account that will best fist your needs, even if its work or business related. • Chase does a well job prompting its company to further better peoples needs.
What is the difference between a Credit Union and a Bank? • Credit Union • Non-Profit • Owned by their Members • Governed by board of directors Elected by Members. • Accept Deposits from their Members. • Bank • Regional or national for-profit business • Owned by Private investors • Governed by board of directors chosen by the stockholders
Credit Union Or Bank CU! • When you walk into a Credit Union you automatically feel much more at ease. People that work in Credit unions are nice people and you feel more comfortable. • The fact that the company is owned by you, in a way, is a much better idea, because without the people in the company it would not strive. • When with a Credit union you generally get better interest rates in your saving accounts also.
More Reliable? • Banks board of directors are chosen by stockholders. • What is a stockholder: someone who holds shares of stock in a corporation. More or less they deal with money, and want more and more of it. Is that really who you want bank with? • Be realistic when you do some background check on your bank or credit union. To be sure they have a good record.
