What Should I Consider When Choosing a Bank?
Choosing a bank is an important decision. Many people would like to pick a single bank and stick with it for the rest of their lives, so it is a good idea to take time and think about your needs before choosing a bank. By establishing what you know you need in a bank, you can narrow down your choices. When you are choosing a bank, make sure to collect information from several banks so that you can examine it at leisure, and always check to make sure that the bank is insured, as you want your funds on deposit to be safe. A major consideration for many people when choosing a bank is accessibility and availability. If you travel a great deal, for example, you will want a bank with an extensive branch and Automatic Teller Machine (ATM) network. If you have a tight schedule, you may want a bank which offers extended hours, or is open on the weekends. You may also want to think about choosing a bank which is a quick walk from home or work, making banking very easy for you. You should also as
There are 23 million small businesses with fewer than 20 employees in the U.S. Many banks are capitalizing on this growing customer segment by offering more small business services. According to Sanjeev Dheer, CEO, President and Co-Founder, of CashEdge, “finding a bank that suits your needs can be difficult. Features such as small business advisors, convenience and online capabilities should all factor into choosing which financial institution is right for your small business”. Here are some things you should consider when selecting a bank for your small business. Cash Management Services: It is important that your banking partner offer services created to meet the specific needs of small businesses, such as online cash management services. These services should include solutions for accounts receivable (sending invoices and receiving payments online) and for accounts payable (online vendor and employee payments). Security: Make sure that your bank has security measures in place to pro
