Are you amongst those who think that the primary duty of the banks is to advise their customers on the right decisions concerning banking and proper investments? Well, let me inform you that though that would seem to be the only thing banks do, but apart from that, making profit for the bankers is also their job.
Yes, they invest your lodgments and make profit for the bank owners.
How do you determine whose interest that is overriding in the relationship between you and your bank? This is my advice: 1 - Make your research.
Discover what the exact fees are, account types, investments, mortgages, interest rates etc.
Be equipped and know the fair market value and peculiar offers being made to you by your bank.
2 - Look for someone you like, not just any bank staff.
Establish a rapport with your account officer, cultivate a good relationship, you might be amazed that your little kind gestures might earn you their confidence and favors in the future.
3 - Remember to make inquiries, after all, the money is yours.
Avoid being engaged in accounts that have very high service charges.
You should go for lower interest credit card if available.
Pay necessary fees but find a way to reduce them.
Also ask questions, but be polite.
4 - Apart from the simple savings account you may set up today ,Future mortgages, investments retirement savings, or other line of credits are very essential and you must talk about them.
There must be a good relationship between you and your manager in other to achieve a fruitful and beneficial financial future.
5 -Be well dressed and present effective and confident communication, whether your account is appreciating or depreciating.
Be aware that your financial situation is not static, so make your bank believe and trust you.
Finally, bear in mind that it is your privilege to ask for a loan.
You don't have to wait for a rainy day.
However make sure that such a loan is judiciously used.