Questions to Consider When Looking for a Bank or Credit Union

Even these days, with the advent of online banking and with payment apps that are ubiquitous, many people still want to have accounts at a brick-and-mortar banks or credit unions. When looking at banking in Schiller Park, there are some things to keep in mind. Here are some of the considerations when looking for the right bank.

Does it Offer All the Product and Services You Want?

One of the biggest things to consider when finding the right bank or credit union is whether it offers all the options you want or need. Most institutions offer checking, savings and loans at a minimum. However, if you want things such as security deposit boxes, a credit card, mobile banking and other options, you may have to shop around a bit, do some research and ask questions.

What Fees Will You Have to Pay?

Another big consideration in choosing a bank or credit union is fees. Many financial institutions charge fees for checking accounts unless you jump through a bunch of hoops. They also may charge fees for ATM usage, and some banks even charge you more to have access to a teller. When considering a bank or credit union, you will want to find one that doesn’t charge fees or will easily waive them. Banking fees can add up quickly.

Is it Local or National?

There are advantages and disadvantages to local banks or credit unions. You may not get as wide a range of services, but you also are likely to get more personalized service when you do your banking in Schiller Park at a local institution. Local banks also are less likely to charge account and other fees.

If you are looking for a local financial institution, consider Leyden Credit Union. You can learn more about us and our services at LeydenCU.org.

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