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8. Do your homework - 8 tips for choosing a new bank


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8. Do your homework

You don’t want to become a member of a credit union or a customer of a bank without knowing exactly what you’re getting yourself into. Once you’ve reached the point where you’re comparing a handful of banks, consider reviewing what experts have to say about them.

Find out where your bank of choice might stand in terms of customer service and whether you’re the type of person who would benefit most from what they have to offer.

Consumers tend to remain customers of their banks for a long time. Carefully weighing your options is best before agreeing to begin a relationship with a particular bank. If you’re having a hard time settling on one bank, consider whether you can handle managing accounts at several different ones that can collectively help you stay on top of your finances.

bankrate.com

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