Moving – Big Bank to Little Bank
Two weeks ago we looked at choosing a small bank that would be a good fit for you and your money. Last week we looked at all the advantages of banking with a credit union. This week we are going to look at how to move our money, to a smaller more customer friendly bank.
Moving from a big bank to a little bank, if done wrong, can cost you hundreds of dollars, and lower credit score. If done right, the move will be relatively painless along with not have you paying any late or overdraft fees.
The best way to move from a big bank to a little bank is in stages. I have broke it down into 5 stages. That you will sure that the transition will be smooth and painless as possible.
Big Bank, Little Bank
There has been a lot of discussion about moving from large banks like Bank of America and Chase to smaller local banks and local credit unions. This has been the result of general frustration that a lot of people have had with their big banks. Now that frustration has reached the point of taking action.
In my travels, I see smaller local banks and credit unions courting the average depositor. They want people like you and me to move our money to their smaller bank, where we will be treated with more respect.
Help support The Shopping Nazi and his work. Saving you money one product at a time.
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