Most checking accounts now offer online bill pay so you can quickly and easily pay bills. Rather than needing envelopes, stamps and enough time to ensure you meet the deadline, you can pay all sorts of bills from your computer. You can also set up automatic payments for those bills that are constant or at least predictable, like the mortgage, rent or cable bill. For other bills that may fluctuate from month to month, you may still want to review the bill before paying it to ensure it’s accurate and that you have sufficient funds.
Consider this: If you wanted information about a particular topic, you would more than likely study it, probably on the Internet. You can at&t mobile service on the subject, glance at the search results, the articles, bank products and services vocabulary so forth But if there was a book regarding your topic, wouldn’t you believe that the person who wrote the particular book knew a whole lot more compared to people who only wrote content? That’s not to say that the people that write the articles usually are experts, but writing an e-book puts someone on a totally different level.
How successful were they in personal sales? Are they just telling you they were successful or do they have actual documented evidence? In the financial services industry, every company that I know gives out plaques, trophies and other physical awards to the top 10-20% of their producers.
With about 30 minutes to spare before my train departure, I went across the street to Bank of America. They’re getting knocked around in the press a lot lately. I have to say I’m thrilled to bank with them. I deposited my check, no envelope required, and the ATM scanned my check and printed a receipt for me with a copy of the check on it. I never even had to enter the check amount – the ATM read it right off the check. Then just as I was leaving, I hear a voice-over announcement that was witty and funny to let me know about Bank of America’s bank mobile customers bank service that will save me time and effort. I was entertained, learned something, and got my errand done at the ATM. All in about 60 seconds flat.
The difference may seem negligible but can become significant over time and with larger sums of money. The important thing is that knowing the annual percentage yield makes it far easier to compare bank products and services. For example, you can compare two savings accounts at different banks offering the same APR, but you’ll know the higher APY will earn you more interest.
How friendly is this bank? When you walk into the bank, what’s the reception? Do people greet you and ask how they may help you? Or are you ignored for a prolonged period? What happens may hint at the level of service coming your way.
Here is another thing to note. Financial planning advisers can be great partners when coming to your personal financial planning. Their advice may not always be free (remember – the “no free lunch” adage still rings true), but the professional ones may be worth spending time and money with. But as I mentioned earlier, you still hold the responsibility to manage your financial portfolio actively.