5 common banking myths debunked

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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.

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