Previous | How to avoid early withdrawal penalties Next | A good case for a corporate fiduciary
October 28, 2019 / Paulo Oliveira
Is it time to break up with your bank?

Is it time to break up with your bank?

Breakups can be hard, but let’s face it: Sometimes they’re necessary.

If your bank isn’t making you happy, it may be time to start thinking about taking your money elsewhere. Don’t stay with a bank that’s not providing you with good service just because it’s where you’ve always banked. You deserve better!

Here are three signs it’s time to dump your bank and move on to greener pastures:

Your bank is making your life harder.

Eons ago, if you needed to deposit a check, you actually had to go to a bank. Or, if you wanted to split dinner with your friends, you had to hit up the ATM and withdraw cash. And customer service? Well, that was only something you could get during business hours.

Those days of yesteryear are gone — or at least they should be.female pointing for male to leave living space

If you can’t do the majority of your banking online, including depositing checks, it’s time to ditch your bank. You should be able to send money to your friends for free and pay your bills online, and you should definitely be able to receive customer service 24/7.

Your bank has scant technology.

We briefly touched on the importance of banking technology, but its significance cannot be overstated. Having real-time account information in the palm of your hand can help you make better financial decisions; it’s that simple. You should be able to keep tabs on your current balance, pending transactions and transactional history anytime you want. Not having that ability is a total deal-breaker.

Your bank just isn’t very nice.

Everyone, from tellers to customer service representatives, has an impact on your banking experience. If you are routinely dealing with rude or stressed-out staff, or if you have questions that go unanswered, it may be time to break things off. If you’re not happy with the way you’re being treated, you can do something about it. Just be sure to do your homework before choosing your next bank.

Paulo Oliveira is the assistant vice president, Capital Region market manager at F&M Trust.

Recent Articles
Four tips to getting approved for a credit card
Four tips to getting approved for a credit card

Four tips to getting approved for a credit card

December 16, 2020 / Cynthia Marconi

Five Reasons for a Trust
Five Reasons for a Trust

Five Reasons for a Trust

December 16, 2020 / The Merrill Anderson Company

Planned giving in 2020
Planned giving in 2020

Planned giving in 2020

December 07, 2020 / The Merrill Anderson Company

Stock Splits 101
Stock Splits 101

Stock Splits 101

November 18, 2020 / Warren Hurt

Three ways to protect yourself from stimulus scams
Three ways to protect yourself from stimulus scams

Three ways to protect yourself from stimulus scams

October 15, 2020 / Ray Wills

What does the federal payroll tax deferral mean to you?
What does the federal payroll tax deferral mean to you?

What does the federal payroll tax deferral mean to you?

October 06, 2020 / Shelby White

Interest Rates 101
Interest Rates 101

Interest Rates 101

September 24, 2020 / David Bimler

Work-from-home scams and how to avoid them
Work-from-home scams and how to avoid them

Work-from-home scams and how to avoid them

September 10, 2020 / Ray Wills

Unsecured or secured loans: What's best for you?
Unsecured or secured loans: What's best for you?

Unsecured or secured loans: What's best for you?

August 24, 2020 / Dave Bimler

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.