There are a lot of things that you should be looking for when it comes to banking services. The days of picking the closest bank to your house are over. Nowadays, it pays to shop around and compare different banking services. Look for banks that offer what you need-whether its customer service, free ATM transactions, mobile apps, or online deposit.
When you start shopping around it can be hard to know what exactly you’re looking for in a bank and how they differ from each other. Here is a list of some of the most common banking services, and what you should look for:
Customer Service
Customer service separates good banks from the best banks. Look for a bank that has someone to help you 24 hours a day, 7 days a week. You’ll want to find out if they offer both phone service and internet chat service, as well as if their services are free, which some banks charge for certain types of support. Usually, the best banks in Canada, the US, England, or any other country offer 24/7 service. Don’t forget to ask how you can contact the customer service if you are contacting them from outside of your home country. Having good customer service can make or break your experience at a bank.
A Mobile App
The bank you choose should have a user-friendly mobile app if you plan on using your phone to manage your bank. Make sure that the app is compatible with your mobile device (iOs or Android) and that it has all of the features that you need. You should be able to log in securely into your online banking account, transfer money between accounts, pay bills, and contact customer service. You also want to make sure that their app is encrypted, which means that your information is more secure when using the mobile version of the bank’s website.
Low Fees Or No Fees
Some banks don’t have fees for certain types of transactions, such as if you use their debit card or transfer money between accounts. It is a good idea to do some research on the different banking fees that are out there and find out if your bank has any hidden fees. It’s also important that your chosen bank doesn’t charge you additionally for the use of a mobile app or for customer service, since some of them tend to do that. Ask anything that you are unsure about before signing up for the bank’s services.
Online And Mobile Deposits
In the age of technology, online and mobile deposits are common features that you should look for in a bank. It can save you from needing to drive all the way to a physical branch or even make a trip to the ATM if it is close to your house. Make sure that you can deposit a check using your smartphone or tablet, and that you have all of the other features that you need from online banking services such as transferring money between accounts, sending money to family members, viewing old transactions either for free or at a small charge, and receiving email alerts when your balance gets low.
Online Bill Paying
It is polite and convenient to pay your bills online. Some banks charge a small fee for doing so but it also makes managing your money easier. You can arrange automatic payments through your bank’s website, which saves you from having to remember when every bill is due every month. It also ensures that you won’t miss any important bills since they will be paid on time if it is all done for you.
Free ATM Transactions
Most banks charge a fee for using their bank’s machines outside of the brand, but some banks also offer free ATM transactions to clients. It’s best to ask your bank what their policy is before you pick them. If they do charge a fee, find out how many free transactions are allowed per month or year, as well as the fees that apply if you go over that number of ATM cash withdrawals. It’s convenient to know that you can withdraw 20$ at any time without having to pay an additional 5$ for doing so!
Banking apps services can vary from country to country and bank to bank. The best way to find the perfect fit for your individual needs is by doing some research beforehand-you’ll want a service that offers what you need, whether it be customer service, free ATM transactions, mobile apps, or online deposit features. Make sure that their app is compatible with your device (iOs or Android) and has all of the features you require in an online banking account such as being able to log in to securely pay bills to transfer money between accounts, contact customer support, etc. Hopefully, this article has helped you in your search for the perfect bank!