Tulsa World

October 13, 2010 by USA Post 

Tulsa World, October 13 – Banks are in business to make money, even if bank employees seem friendly and willing to help, the bank is always looking to make profits from its customers, the website said Help them manage their finances is probably not high on the priority lists of banks, he said.

Here are some points to remember when doing business with banks, as

While the deposit is not immediately available: Banks are generally allowing customer’s access to the first and only 50 or $ 100 deposit. With a $ 500 deposit, $ 400 of it might not be available until the next business day, or even later. Therefore, customers can still bounced checks or overdrawn the account and be charged overdraft fees – even if they made these deposits thinking they would cover the checks drawn on them.

Postdated checks mean nothing: The customers trust post-dated checks to the beneficiaries not to cash them before the due date, but banks are likely to go without looking at their dates. Although tellers are looking, the banks have no legal obligation to meet their dates. They handle all the checks and charge overdraft fees when they bounce.

Online account balance is not always true: customers check their account balances online, and soon learn that the information is not always updated. Account information may be inaccurate or do not reflect how the transactions were actually processed. Although the online accounts can be good guides, they are not always accurate, and customers playing

Near the edge are often found – and paying for overdraft fees.

Bankers are vendors: Bankers say they offer to customers excellent products or services, but they are still sellers who want to sell more products so that their employers can make more money. Today, banks offer insurance, retirement accounts and other services beyond standard checking and savings accounts and housing loans of yesteryear. Banks pitching products or services are more concerned about their finances income customers.

Sale of financial products and services: bank customers Many people go to their banks for loans and other products for the convenience of keeping all financial accounts at an institution. Many believe, as they were loyal customers, they have good deals. It is not always the case. Banks could not have the best interest rates on home equity loans or management fees on the lowest pensions. It is best to shop around for the best deals and inform the bankers when they find better deals. Banks should compete for contracts and not just assume that they have, as usual.

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