Cash Management
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
June 10, 2020
When looking to open a bank account, there are several things to consider to ensure you’re choosing the right place. Megabanks like Wells Fargo and Citigroup boast about their convenience and worldwide access, but when compared to local community banks, their benefits might not be as great as they might seem. Local banks generally provide the same essential services in addition to three things big banks can never beat.
Don’t be fooled. Megabanks often reel in customers with the promise of more service options and lower fees, but in actuality, local banks are some of the only places that offer free checking and savings accounts. They may be small, but they pack a large punch in offering the same amount of services as megabanks and offering minimal or no charges for opening accounts, overdraft fees, and more.
As soon as you walk in the door to your local bank, you will often be greeted by name and offered some coffee, cookies, or popcorn. Local banks often center their service around each individual person that enters their doors. You’re not just an account number, but a real person with unique needs and wants. Sometimes your financial needs require a more personalized service and local banks are just the place. Over time, you will generally work with the same person and the more they work with you the better they can cater to your specific needs and keep an eye out for suspicious activity.
The local bank is part of your community. When you choose to do business with them, they give back in many ways by helping support local businesses with loans or large donations. Charity events, fundraisers, and fun community events are often funded by the small banks in your community. When you choose a community bank, you know your money stays in your community.
Whether you choose to go with a local bank or a megabank, you will need to do some research to make sure you are getting the services that you need. But if lower fees, relational service, and giving back to the community are important to you, your local bank is going to be just what you want.
Your financial needs and goals change over time. We offer a range of personal banking products and services that fit your lifestyle. As a community member, you are able to feel comfortable discussing your financial needs with us. Get started online or contact one of our five community branches to talk to a representative today.
