How to choose a bank?

Bob_Do3

I'm looking to open a new saving account and was wondering what the most important factors to look out for are?

Any advice would be great as am a complete novice,

Thanks,

B

opinions4u

Rate.

Access (do you want a branch or are you happier online).

Service - does it do what you expect it to do.

Withdrawals - are you prepared to tie your money up or not. Do you want ATM access.

Alter_ego

Check the name is not Santander.

Bob_Do3

How much do people really use branches these days?

Isn't all banking done online now?

Thanks,

B

opinions4u

Bob_Do3 wrote: »

How much do people really use branches these days?

Isn't all banking done online now?

Thanks,

B

A typical high street bank will do around 50% of its business in branch, the rest by phone or online.

While I do most of my transactions online, I can't pay in through my DVD drive and I can't get cash out by telephone. So a branch is useful.

Additionally, many people want the reassurance of talking to the bank face to face. A branch works if you're like this.

elfen

And I'd prefer to go into my bank branch and change my address so I know it's been done

jen245

I do most of my banking online, but I do occasionally have to pay cheques into my account, and its handy having a branch close-by, so I can just pop in on my lunch break