banking

5 common banking myths debunked

The truth about banks
Previous
1 of 7
Next
The truth about banks © Kevin George/Shutterstock.com

The truth about banks

After so many changes in the banking industry during the past several years, it can be tough to sort through today's array of online offerings, fees and checking accounts.

"There's such a big difference in banks out there," says Kellie England, senior vice president of Umpqua Bank in the Sacramento, California, area. While some banks focus on getting to know customers, others tout online banking and mobile banking technology as their best traits. These choices can make it difficult to get a true picture of what banking today involves.

Here, experts debunk commonly held beliefs about banking. Read on to learn the truth behind these myths and get a better grip on your current checking account situation.

Find a local checking account today.

Previous
1 of 7
Next

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Duped by 1970s bond scam?

Dear Dr. Don, Back in 1976, there was a chain letter scam involving savings bonds. I got caught up in it. You could buy a bond for the person at the top of the list and you were then supposed to receive many more in return.... Read more

advertisement
Partner Center
advertisement

Connect with us