Wednesday, August 12, 2009

Banking on your bank

Banks are supposed to be one of the best places to keep our money. With all the changes in the banking industry recently, the choices of banking institutions has shorten, making it tougher for individuals and small businesses to find a bank. Although many banks received bailout out money, they are still looking for ways to “mine” revenue from their customers. A recent article on Yahoo Finance provides a wealth of information about banks and their internal processes and how they make money off of all of us. Some of the information I already knew about but others were rather shocking. I guess the bottom line is to find a bank that does not nickel and dime you for everything and make sure that you take some time out to read the details of your account agreement (even though your agreement can change like the season).

Keeping Your Business N Synergy
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