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3 Reasons To Ditch Your Bank
While I haven’t officially dropped my local bank account, I have considered it for several reasons, realistically once Robinhood starts to offer credit cards I may very well jump ship from my current bank in order to consolidate my finances under one roof. That being said, there is growing competition in the banking space so here are three reasons to ditch your bank altogether (In order to join an online only one).
Fees
Not all banks charge fees for routine maintenance but many older ones do! Sometimes they bill people every month just to have a checking or savings account with them, which if you know anything about the way banks make money is pretty ridiculous! It’s almost as if you’re investing and trusting in an organization to handle your money appropriately to make money, only for them to take away money! Perhaps that’s a bit of a stretch but if your bank is charging you fees it may be time to look else where!
Investment Options
While most banking solutions offer some form of savings or even money market accounts they hardly ever handle your investment portfolio. While there are reasons behind this, the one stop shop for all of your financial needs has just become too cool to pass up. Thinking about all the things that Robinhood offers from checking accounts, stocks, ETFs, cryptocurrencies and of…
