Do you have a checking or savings account with any of the big banks? If so, are they charging you all these excessive hidden fees? Don’t you just hate that? These banks have gotten millions of bailout dollars from the government but yet they still find ways to stick it to us regular folk by nickel and diming us. It’s so ridiculous…half of the fees they come up with are really absurd. It’s just another way for them to line their pockets at the expense of the people on Main St. Well I say it’s time to DUMP them. Yes, I said it….get rid of them. It’s time to find a better alternative.
Credit unions are growing more popular by the day. What make them so great is that most of them are owned by people like me and you, so basically they put people over profit. They’re smaller which means you will more than likely get better customer service. You can actually put a face with a name. Most credit unions offer free or nearly free checking/savings accounts just as long as you have direct deposit or meet other simple criteria. The rates are way better on loans and credit cards, not to mention the credit criteria for applying for a loan is more lenient.
These are second tier or community banks that are located in various places such Wal-marts and other grocery stores. The majority of these banks offer free checking/savings account just like credit unions. They have competitive rates and are must easier to work with. Even though the volume of capital is low compared to the big banks, one of their greatest strenghts is that they are able conduct business in a more personal manner, which gives them more of an advantagive edge with smaller businesses. During this time of economic uncertainty, smaller banks have gained more customer loyalty which have made them more stable and allowed them to be able to lend more money. Another great advantage is that they are usually open late in the evening and on Sundays. In the end, smaller can sometimes mean better.
Don’t be lured into opening an account with these big banks because they honestly don’t care about you. All they care about are the numbers. They don’t care about lending money to small business at decent rates or putting back into the community by creating jobs. Their goal is one thing…to make money and they will do whatever it takes to accomplish this…even if it means charging you an excessive amount of hidden fees. Don’t become a victim, switch to an alternative bank today.
Have you switched from a big bank to an alternative bank yet?