We all use a bank if we have a current account, savings account of a loan. However, there are many different banks to choose from. Some of us will always use the same one and some of us might use several. However, it is still wise to make sure that we are using the best bank.
Unfortunately, we cannot just name on bank that is the best and all use it. We all have different requirements with regards to what we are looking for in a bank and therefore this is one of the reasons why we all choose to use different ones. Therefore, it is a good idea to think about what you would like in your perfect bank and then you will be able to see which bank fits your requirements the best.
The cost of banking is important. If we have a current account then we might use the overdraft facility and this will cost us money. We might have a savings account and want one that pays good interest. With a no guarantor loan, we will want the fees and interest to be low. This means that it is important for us to compare those things across different banks in order for us to decide which has a cost that we feel is reasonable. It is good to note who is the best with regards to cost and interest, but there will be likely to be other factors that will be important to us as well.
Lots of branches
There are some people that like the idea of being able to go to a bank branch. Some banks have branches across a lot of high streets, although some have closed branches lately. Therefore if you like the idea of having a branch to be able to go in to, you might want one that has lots as that means that there is a bigger chance that there will be one near to where you live that you will be able to go in to.
Some people prefer the option of being able to do telephone or online banking. This can be much more convenient than having to go into a branch. It is also something that can be done outside of normal banking hours and so it is useful for those people that work at this time and so cannot get into a branch. Some people also like the fact that they feel more in control this way too as they are able to set up standing orders, BACS payments and transactions as well as check their balance online.
The reputation of a bank is important to a lot of people. They want to make sure that they bank will treat them well as a customer. If you have used a bank before you will know what you are like and it can often be tricky to trust a bank that you have not used before. You will be able to find out more about them though by asking others, reading reviews, going into your local branch and looking at their website. It is worth noting that there will always be someone that is not happy with a certain bank, but you should also be able to find people that are happy with them for some balance.
Good customer service
It is good to check that you will be well treated as a customer by the bank. Most places try to have good customer service but they do not always do things in the same way. Some will offer face to face services in branches some you will have to phone a call centre and others you chat to online or send a message or email. It is a good idea to think about what you are looking for and then you will be able to check to see whether you can find that service.