Dardenne Prairie, Missouri
5000 WingHaven Blvd.
O'Fallon, MO 63368

4 Questions to Ask Before Choosing a Bank July 20, 2016

Dardenne Prairie, St. Charles
4 Questions to Ask Before Choosing a Bank, Dardenne Prairie, Missouri

With thousands of commercial banks available in the U.S., people have many options to choose from when deciding where to manage their money. It’s important to make sure you thoroughly research your available options to ensure the bank you choose is best for your specific needs. To help narrow down the choices, the banking team at Peoples Savings Bank, located in O’Fallon, MO, describes some helpful questions to ask when researching banks.

These four questions can help you begin the process of choosing the right bank for you:

  • bankIs Online Banking Available? Many banks have online banking options for secure, convenient ways of managing your money, such as mobile check deposits. Visit the bank's website to see if they have online banking and which specific services they offer their customers.
  • Is A Minimum Account Balance Required? Some banks charge a fee if you don't keep a minimum or average balance in your account. Depending on the bank policies, the fee may be waived if you meet other requirements, such as having a certain number of accounts with the bank.
  • Is There A Branch Close To You? It's a good idea to choose a bank with a branch near your job or home unless you plan on only using their online or mobile banking services. If you choose a bank without a nearby branch, make sure you can check balances, transfer money, and pay bills online.
  • Are ATM Transactions Free? Many banks charge you to use ATMs owned by other banks, making your ATM withdrawal more expensive. If your bank has many ATMs near your location,  reimburses you for ATM fees, or belongs to an ATM network,  you can save money.

The banking team at Peoples Savings Bank provides you with friendly, helpful customer service at all seven of their locations. This reliable banking service offered by Peoples Savings Bank: Member FDIC; Equal Housing Lender. Call (636) 561-5500, or visit the website to discover how the experts can help you achieve your financial goals.