Choosing the right bank can save you time and money

When the economy is struggling, it’s important to look for ways to save money wherever you can. One way to do that is to reevaluate your current banking relationship.

While everyone’s needs vary slightly when it comes to the products and services they require from a financial institution, there are several considerations everyone needs to keep in mind.

• Consider banks that are convenient to your everyday activities. Look for banks that are easily accessible as you drive to and from work, or while you run errands.
• Check out different banks’ web sites. They will give you an idea of the types of accounts, rates, and services available without having to set foot in an office.
• Consider what’s most important to you when it comes to a banking relationship. If you want to develop a personal, long-term relationship with a bank, a smaller one might be a better fit. Or, if you travel frequently, you might want to consider a larger regional or national bank.
• Consider how you will do your banking. Do you need access to several branch offices, or will you be doing most of your banking on-line or through ATMs.
• Make a visit to a local branch and get to know the staff. Are the tellers knowledgeable and friendly, are the managers accessible? Are they going to be open when you need them?
• Compare rates and fees among banks to make sure you’re getting the best deal. And don’t ignore the fine print; oftentimes banks will advertise accounts with no fees only to charge for the additional services you use most.

Chris Cannaley is a Banking Office Manager with Huntington National Bank, and manages the office at 10585 N Meridian St. in Indianapolis. During his 10 years in the banking industry, Chris has helped both small business and consumer customers make and save money, while providing them with additional access and convenience. Chris can be contacted at 317-843-0101 or at christopher.cannaley@huntington.com. You can also visit Huntington Bank on the web at www.huntington.com.

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