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Section 8.1 What you Want from your Bank

Banking has been such a mature product that most of the banks offer the same basic service, and there is not much more differentiation. It is more about which bank you are more comfortable with than anything else.

Here are the basic things you want from your bank:


-- a local branch that's close to you and good customer service at the local branch;


-- free checking and saving account with online access : basically every bank offers that;


-- good car loan and mortgage rate. For this, you either go for credit union or national bank;


-- at least one of your bank should provide financial adversary service and wealth management;


-- if you travel a lot, you want to have world-wide ATM service with min fee.


That's pretty much I can say about the bank. If you find a local branch that you are comfortable with, you probably will stay with it for a long time.



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