Monday, 30 January 2023 15:17

What do you look for when choosing a bank?

Written by Evelyn Alas

When you go to hire a banking service, you usually go to the usual financial institution, without considering other options. The recommendation is to compare several options before choosing a bank.


Remember that banks charge different fees for the products you sign up for. Before choosing, check how much you will be charged for what you are requesting and compare it with another financial institution.

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Do you know the benefits you will have when you sign up for a service or product? For example, there are credit cards that give you points every time you make a purchase, which can be redeemed at different establishments, interest-free month promotions or additional cards at no extra cost.

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Do you need to carry out some clarification or procedure in the branch, but you can't get there? Make sure that the bank has enough branches, think about the proximity to your home or work for schedules. Make sure the bank is registered.

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4-Additional services

Some services that are very useful are electronic banking, banking correspondent services or apps. With these resources it will not be necessary to go to bank branches, and you can make your transactions from home or your smartphone, consider it.

5-Complaints and attention

If you are thinking of changing banks, check the Financial Entities Bureau page.

Remember that your money is your patrimony, so take care of it as best you can and put it in the hands of the banking institution that best suits your needs.


Translated by: A.M