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But have you ever stopped to think if sticking with that bank is really helping your finances?
Heres a look at why itmight be time to reconsider your bank loyalty.
For starters, banks often offer limited options or outdated features compared to newer or more competitive institutions.
Makes me frustrated seeing folks leave money on the table like that, Lokenauth added.
The thing is, banks totally count on this misplaced loyalty.
Thats a massive difference when youre talking about serious money, Lokenauth said.
Dont even get me started on the fees, Lokenauth said.
Your relationship with your bank wont save you from monthly maintenance charges, overdraft fees or ATM costs.
Theyre banking on you being too lazy to look elsewhere, he added.
And the thing is, many online banks have little to no fees, according toCBS News.
The perks situation drives me nuts too, Lokenauth said.
Her old bank never offered her anything, he added.
Thats your money theyre using to attract others while giving you subpar service.
The thing is, technology has made switching banks so simple now.
Most of the its too complicated excuses I hear dont hold up anymore, Lokenauth said.
you’re free to open accounts online in minutes and easily transfer everything over.
He said the temporary hassle is worth the long-term savings.
Making a switch could be one of the best moves you make for your financial future.
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