Life Kit How to choose a bank
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Jul 11, 2023 Yaneli Espinal, Director at Next Gen Personal Finance and author of "Mind Your Money," dives into the often-overlooked topic of choosing the right bank. She discusses the pitfalls of staying with an old bank that may charge unnecessary fees. Yaneli provides practical tips on exploring various banking options and highlights the importance of financial literacy in making informed choices. Tune in to discover how to find a banking solution that truly fits your needs!
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Unexpected Bank Fees
- Yaneli Espinal's mother had a negative experience with a major bank.
- She was charged $5 monthly fees without realizing it, which depleted her small balance.
Prioritize Banking Needs
- Prioritize your banking needs.
- Identify your top priorities to find the right institution.
Benefits of Major Banks
- Major banks offer wide accessibility and diverse financial products.
- They have a global presence, which is useful for international travel.