national bank ratings? an “unbiased” look at 2 of the best banks
Reading national bank ratings BEFORE choosing a bank might be the smartest decision you make this year.
So what’s the best bank?
Obviously that’s based on a variety of factors—some of which will be more important to you than others.
For instance the interest rate obviously isn’t a HUGE issue if you only plan on having a checking account… and the customer service might not matter if you plan on doing everything online.
To account for that here is a THOROUGH review of 2 of the best banks in the country to help you determine if they are right for you.
Bank of America
This is one of the better banks out there—you read that correctly. Don’t believe everything you hear about them—their customer service really isn’t THAT bad.
Here is a review of the 3 most important variables in ANY bank:
#1) Customer service
At least not “in person”. True, their over the phone service often leaves a LOT to be desired. So just try and always deal with someone “in person” and you should be fine.
Financial standing
Like a lot of banks today, their LONB TERM outlook is a bit shaky. They are currently rated an “A”… which is based on their large amount of debt.
But in comparison with their competition they are in decent shape—they aren’t going under anytime soon.
Online system
This is where they shine—their internet system is 2nd to none.
Wells Fargo
This is another of the top banks out there. Like BOA they have been around a long time and have tons of customers—so you know they aren’t going anywhere.
Customer service
Good but not great—mostly it depends on the branch. Again, it’s more of a “hit or miss” proposition” over the phone, but in person it’s usually adequate.
Online system
Their online system is among the best out there—and they’ve received plenty of national attention for it.
It’s simple to use—and it has all the necessary features you’d expect. If you plan on doing a lot of online banking I would STRONLGY recommend this one—it’s even better than BOA.
Financial outlook
Good but not great—they are in better shape than a lot of others. Again, due to their size and “saying power” you know they will be in business a long time.
Bottom line?
These are 2 of the better banks out there–they are both stable and have been around a long time. For more national bank ratings check out http://www.OnlineBankRatings.com. Article Source:http://www.articlesbase.com/personal-finance-articles/national-bank-ratings-an-unbiased-look-at-2-of-the-best-banks-1744421.html
