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With all of the changes going on with the economy and everyone becoming more concerned about what happens to their money, you may be thinking about changing banks. Before you go out and join another, you need to think about why you feel this way. Depending on what your reasons are, you may not need to change financial institutions. In addition to accessing your own situation, keep an eye out for signs that a change may be warranted. Here are a few indicators that you need to start looking for a new financial home. Does your financial institution still fit your lifestyle? When you first signed up, you may have lived close by, took advantage of their late hours or enjoyed some other type of products or services. Has your lifestyle changed to the point where it is a slight inconvenience for you to go to this particular establishment? Do you still use products and services that are exclusive to that financial institution? Did you get married and need to consolidate accounts? If you have to adjust your schedule in order for you to use any accounts you hold at this particular establishment, you should consider switching banks. There are plenty that offer products and services that mesh well with your current lifestyle. Are you a customer at the big banks? Have you noticed an increase in fees? One reason for this is because these corporations are trying to offset their revenue loss by charging their customers more fees on the services they use. While this is a big plus for them, it is big red flag for customers. Start shopping around for other financial institutions that care more about their customers than their profits. Research your options and choose one that offers you the products and services you need for little to no costs. It is a good idea to check with the FDIC periodically to see just how financially sound your bank is. You can also check to see if your accounts are still FDIC-insured as well. If you go on the FDIC's website and you can't find your financial institutions on there, then you need to move your money somewhere else. Don't forget to compare your products and services to what is offered elsewhere. With all of the technology that is available, you should have a wide variety of ways to manage your money. If you still have accounts with financial institutions that offer very limited means of accessing your funds, paying your bills and other products, then you need to start banking somewhere else. It doesn't matter how much money or accounts you have, all that matters is how you manage your funds. Even if you need help saving and increasing what you have, you can't get that help if you are not a member of a financial institution that offers you products and services that you can use. Looking for banks in Midland, MI? Check out Wildfire Credit Union at https://www.wildfirecu.org/.
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