Selecting Your New Bank After Leaving The Previous One
As several bigger banks keep on charging their clients, it is the time for the smaller banks to grab the chance to attract new clients. Credit unions offer their clients with lower loan rates, high deposit rates and lower charges. Several small and online banks usually offer free checking accounts and lower fees. Some credit unions give their clients refunds for charges from ATM’s out of their networks. The reason why the big banks charge their clients with high charges is because they need to mollify stakeholders and preserve a sturdy end result. Operating those national networks of outlets and ATMs makes it costlier to preserve customer checking accounts.
Excerpt:
“So you've had it with the hidden fees, the monthly minimums and the sky-high interest rates. Like thousands of other Americans in the past few weeks, you want to ditch your bank.”
Original article can be found at:
http://money.cnn.com/2011/11/11/pf/bank_dumping_decision/index.htm
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