5 Major Signs To Switch Banks

Paying Too Much in Fees

If your bank is charging you to keep an account open when the balance falls below a certain threshold, it's time to switch banks. Paying too much in fees is the number one reason why people decide to change banks, especially when online banks offer accounts that pay you to keep money in them. Some banks even offer overdraft protection in the case of overdrawing your account. These banks will pull the funds from your savings instead of slapping you with a nearly thirty dollar fee.

You should also pay attention to how your transactions hit your bank statement. Some larger national banks have been caught approving transactions in an order designed to maximize the number of account overdrawn fees you get hit with should you make a mistake.

Sometimes the effort needed to do basic banking means it's time to switch. Continue reading to learn more.