Tired Of Dealing With Banks? Here Are 6 Alternatives
4. Bank At Your Local Retail Market
People have literally started ditching their banks as they overdraft fees and ATM fees. So, many big companies are being benefitted through which they can introduce money centres, as banking services fail to fulfill their customers.
World’s largest retailer, Walmart has come up with MoneyCenters in more than 1,000 locations throughout America, where people can cash checks for flat fees or load prepaid debit cards at reasonable fees.
5. State-Owned Banks Are Safer
Almost all the Indian states have state owned banks. These banks differ from a traditional bank in one key way: Deposits will be backed by the state and not by the central government.
However, every state bank will be controlled by the central to some extent. The biggest advantage of state-owned banks is they are less prone to risky activities.
6. Make Use Of Credit Unions
If you are working in big companies, then you can consider yourself lucky. Most of the big companies like IBM and Microsoft offer employees to join the company’s credit union, through this you can save money on banking fees.
These credit unions offer services like savings accounts, auto loans and checking accounts. In fact, some credit unions are also branching out to community members to become an alternative to banks.
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