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Applies To Interest Rates?
Changing Your Bank Is Easy
Rob Stock
19/02/2013
Changing Your Bank Is Easy
Rob Stock
19/02/2013
In many cases banking relationships last longer than marriages, which
is curious because switching bank is a lot easier than getting a divorce.
My theory, based on my own experience and that of friends and
acquaintances, is that people move bank either because they become
furious at poor service, or because they are chasing a better mortgage
rate, or because of a major life event like a marriage. Many readers
might find themselves feeling disloyal in considering moving bank.
Don't.
Banks feel no loyalty to us, and there is precious little value attached to
a long-term banking relationship other than the power it gives banks to
charge us fees and interest for longer.
DON'T
* Worry about the feelings of your bank manager. She doesn't worry about yours.
* Put up with bad service and high fees.
* Think changing banks is hard.
* Stop looking around for a better deal.
is curious because switching bank is a lot easier than getting a divorce.
My theory, based on my own experience and that of friends and
acquaintances, is that people move bank either because they become
furious at poor service, or because they are chasing a better mortgage
rate, or because of a major life event like a marriage. Many readers
might find themselves feeling disloyal in considering moving bank.
Don't.
Banks feel no loyalty to us, and there is precious little value attached to
a long-term banking relationship other than the power it gives banks to
charge us fees and interest for longer.
DON'T
* Worry about the feelings of your bank manager. She doesn't worry about yours.
* Put up with bad service and high fees.
* Think changing banks is hard.
* Stop looking around for a better deal.
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