30 Jun
2010

All banks offer multiple services – to personal customers, businesses, investors. It’s time to look at what else your bank can offer you:

1) Checking account. Just about everyone needs a checking account. You need it to pay bills, write checks, and even qualify for some cash advances. Look for the lowest-fee account.

2) Online savings accounts. Online savings accounts are great because they often have few or no fees and good interest rates. They also make it a little harder for you to access your money, which is great if you want to build up an emergency fund without being tempted by impulse buys.

3) Bank credit card. Bank credit cards obtained through your bank often offer good interest rates as well as added security features.

4) Investment options. Most banks have entire departments dedicated to investments. If you want to invest in CDs, stocks, or something else, there are people at your bank who can help you get started.

5) Free advice. Many banks have free services – such as seminars or workshops – about financial topics. This is a great way to learn more about money. Many banks also offer one-on-one advice sessions, which allow you to meet with someone to discuss your investments, retirement plans, house plans, and other major financial decisions. In almost all cases, this professional advice is free.

6) Loans. In many cases, you should go to your bank first if you need an emergency loan or personal loan. Banks are large lenders and therefore can generally offer very competitive rates. As well, if you already have a good relationship with your bank (because you have been a customer for a while) you may find it easier to apply for loans with your bank.

7) Insurance, security, and protection. Banks offer a number of products to keep you safe. They generally offer lots of insurance products that you can even bundle together to save money. They usually offer security features such as overdraft protection, which can help protect you financially. Your bank will also usually have safety deposit box, which can help keep your valuables and documents completely safe.