If you are choosing your first bank or looking to switch banks on low income, you are going to find that community banks charge lower fees and make it easier to waive fees. They are well known for their relationship-based banking. If you’re a regular, they know you by face and name. Community banks do have their drawbacks though and I believe their biggest weakness is their slow adaptation of technology. Watch this video to learn how technology is something that directly affects you when choosing a bank on low income.
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00:00 Introduction
02:55 Mobile App
04:05 Running Account Balance
04:56 Wire Transfers
06:59 Online Access
07:56 Systems and Processes
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5 Reasons to Avoid Community Banks
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5 reasons to avoid community bankshow to choose a bank that is right for youhow to choose a bank on low incomehow to choose a bank for checking accounthow to choose a bank for the first timehow to choose a bankbest banks for checking accountbest bankscommunity banks vs regular banksbig bankscommunity banksbank feesoverdraft feesrunning account balancewire transferpersonal financelow income livingmoney tipsannie margarita yangAnnie yang
