Why do you Bank where you bank?

by Penny Saved on April 28, 2006

A recent conversation prompts me to ask the question.  What are the reasons that you bank where you bank?  In my particular case, the Credit Union that I do my financial dealings was the only place in town who would give me a auto loan when my first college care gave up it’s ghost.  I’ve heard some say that they bank where they bank through convienence.  Perhaps your company requires that you bank with the company bank?  Perhaps you switch all the time in search of the best services?  Why do you bank where you bank?

Please let me know!

[tags]banking, credit union, bank, finance, financial institution[/tags]

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{ 2 comments… read them below or add one }

Kevin S. April 30, 2006 at 2:29 pm

I bank at several credit unions, all small savings accounts right now, but they are my so called envelope system, or at least that is the plan.

I bank at these facilities, because rates tend to be cheaper at Credit Ubions and interest bearing earnings higher.

- Kevin S.
http://www.debtfree4ever.net

Ivy May 3, 2006 at 10:20 am

I went through an ugly divorce and my ex-husbands parting shot was to send the feds after me for his back taxes (from a decade before we married). The feds attached my account, totally wiped me out. My bank looked at the facts, opened a new account for for me and didn’t let the feds know about the new one. :) I like my bank, been there for more than two decades now.

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