With over 100 years in business, we’re very familiar with all things banking. This means we’ve listened and learned from our clients regarding what they want and need in their financial services provider. Our multi-generational bank has continued to evolve and innovate to become the bank of choice for both consumers and businesses alike. We strive to offer our clients banking when they want, how they want, and where they want.
Often, parents open a checking or savings account for their child at their bank when they’re young. The same thing occurs with other services, like insurance and medical providers. Then, out of convenience, he or she never shops around or establishes their own banking relationship. In fact, according to a Bankrate survey*, the average adult stays with their primary checking account for about 17 years at their current bank.
Although using your old account may be acceptable for a while, as a person starts or changes jobs, graduates from high school or college, purchases a home or condo, starts a business, gets married, moves, or starts a family, staying at a bank from long ago may not still make sense.
A bank should grow and evolve with clients along their financial journey. What made sense a decade ago, may not make sense for your financial needs now. Is your bank evolving to meet your needs today?
If someone finds that their bank just isn’t offering them the products and services they want and need, or they feel they could benefit from trying out another banking provider, they may want to consider shopping around.
Here are 10 reasons to consider breaking up with your bank:
Often, parents open a checking or savings account for their child at their bank when they’re young. The same thing occurs with other services, like insurance and medical providers. Then, out of convenience, he or she never shops around or establishes their own banking relationship. In fact, according to a Bankrate survey*, the average adult stays with their primary checking account for about 17 years at their current bank.
Although using your old account may be acceptable for a while, as a person starts or changes jobs, graduates from high school or college, purchases a home or condo, starts a business, gets married, moves, or starts a family, staying at a bank from long ago may not still make sense.
A bank should grow and evolve with clients along their financial journey. What made sense a decade ago, may not make sense for your financial needs now. Is your bank evolving to meet your needs today?
If someone finds that their bank just isn’t offering them the products and services they want and need, or they feel they could benefit from trying out another banking provider, they may want to consider shopping around.
Here are 10 reasons to consider breaking up with your bank:
- You can’t open an account easily or online.
- They’re too small and don’t offer the latest technology and services.
- They’re too big and treat you like a number.
- They don’t offer the option of in-person services as well as online, mobile, and Interactive Teller Machines (ITMs).
- You still have the same checking account you did 17 years ago and haven’t shopped around.
- They haven’t updated their technology.
- They don’t offer comprehensive financial services, like long-term financial planning, a variety of short and long-term savings options, and mortgage lending.
- You can only bank between the hours of 9:00 am – 5:00 pm.
- You were shopping around and decided to open a new checking or savings account online with First Bank.
- They aren’t First Bank.