Banks are essential part of our financial lives as it stands. What are the criteria that you consider to choose a bank or a financial institution that you patronize. What made you to choose your current bank?
What are the criteria that you use to choose a bank or a financial service provider?
- Thread starter King Belieal
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The bank I use must be financially stable, trustworthy and reliable. Other than that, they should offer varieties of investment products and good advice for investment
The location and timings of the bank branch are important criteria in selecting the bank branch. When I was young, I had to open bank accounts which were open in the evening or were close to college or office where I working then.
For me, a bank must have international presence in several reputable countries before I would be able to trust them.
I would prefer to patronize a bank with excellent customer service and efficient delivery of services.
eLdavis
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I simply check their performance. I find someone who uses the bank and ask them about their customer service and how fast and reliable their network is .
Even though we can do almost everything online but still I feel the bank should be near to our home or our work so that we don't need to travel a long distance for a small thing which is not possible online
I would go read reviews about the bank. I would visit the intended bank and see how they handle their customers before I open account with them.
I have never read reviews for a bank because I am aware of the banks that are good with its service and we can blindly choose private sector banks and they are all good.
i like to use long standing Banks. These are banks that are reliable and secured. You xan trust them with your money like my bank.
Using long standing banks would give you some assurance though. Also, you can use banks that have strong positions in the market of your country.
