Many of us have been with the same bank for years or decades and it can be difficult to find a reason to change your bank account. This inertia is what banks count to earn money. If you have been with your bank for a long time and have not looked at what else they can offer you, it may be that you are with a low quality bank account that pays little interest and does not have many benefits.
In this article we will explore some reasons why you may consider changing your account or bank in the coming months.
It may be difficult to believe it now, but, in the past, almost all banks paid interest on money in an account, checking or savings. Now things have changed and many banks will charge you for using your account and not paying interest. If you search the market, the possibility is that you can find a bank that is offering a good interest rate. Be sure to take a look at how much they are paying you; just in case they reduce it in the future.
If you are paying separately for travel insurance, mobile insurance, access to airport lounges or other services, it could be that you can get them cheaper if you switch to a bank account that includes them. Many banks have services that are not used together so much to earn money from those who use them. If you think you can take advantage of these benefits, these bank accounts may be a good option.
Maybe you have to pay to get money from a machine that is not from your bank, or to make certain card transactions. If you are with a bank that does not have many money machines in the areas you usually visit, it may now be time to change banks. Alternatively, find out if the bank you are considering has a new customer offer, or if they have an agreement with other banks that allows the use of their machines. If you usually use physical money, that can save you money every month.
Taking a regular look at your financial services to see if they are still right for your needs is a good way to save money and keep your finances in good condition. Try to do this annually.