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
An introduction to 401(k) plans
An introduction to 401(k) plans

An introduction to 401(k) plans

December 27, 2021 / F&M Trust

Five things you can do to get out of debt
Five things you can do to get out of debt

Five things you can do to get out of debt

December 17, 2021 / F&M Trust

How to create an emergency fund (before the emergency)
How to create an emergency fund (before the emergency)

How to create an emergency fund (before the emergency)

December 10, 2021 / F&M Trust

How to protect your identity and spot signs of fraud
How to protect your identity and spot signs of fraud

How to protect your identity and spot signs of fraud

December 06, 2021 / F&M Trust

Tax Law Changes: The American Families Plan and how it might impact you
Tax Law Changes: The American Families Plan and how it might impact you

Tax Law Changes: The American Families Plan and how it might impact you

October 14, 2021 / Erin Sunday

Tax Law Changes: A closer look at estate and gift taxes
Tax Law Changes: A closer look at estate and gift taxes

Tax Law Changes: A closer look at estate and gift taxes

October 12, 2021 / Erin Sunday

Tax Law Changes: A closer look at corporate taxes
Tax Law Changes: A closer look at corporate taxes

Tax Law Changes: A closer look at corporate taxes

October 07, 2021 / Erin Sunday

Tax Law Changes: A closer look at individual taxes and what the changes mean for you
Tax Law Changes: A closer look at individual taxes and what the changes mean for you

Tax Law Changes: A closer look at individual taxes and what the changes mean for you

October 05, 2021 / Erin Sunday

Why keeping up with the Joneses is never a good idea
Why keeping up with the Joneses is never a good idea

Why keeping up with the Joneses is never a good idea

September 30, 2021 / F&M Trust

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.