Thinking of switching banks? Here’s what you need to know.
Thinking of switching banks? Here’s what you need to know.Fake banks? Sadly, they do exist so be careful. By Gary Guthrie of ConsumerAffairs March 28, 2024 Think your bank is jerking you around with fees and less than good customer service? You wouldnt be alone. The U.S. banks have certainly given consumers enough reason, with things like federal agencies having to rescue customersfrom outlandish fees and banks throwing in the towel and closing for good without as much as a peep to their customers. Things are so bad that a new Motley Fool survey shows that 76% of respondents said they are likely to switch banks if they find one that better meets their priorities, up from 52% in 2020. Especially the younger generations. The researchers found that more millennials already have one foot out the door, ready to switch banks, as opposed to baby boomers, although 67% say they…