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Banks have become a necessary tool for many of us. They represent for some the very foundation of their various activities. With digitization, banks have become more and more dematerialized to give rise to online banks. Here are 5 reasons to trust a bank.
Proximity
The first reason why you should trust banks is related to the proximity services they offer. Thus, making a transfer, depositing cash or withdrawing cash... are relatively simple and fast in a bank. And you don't need to travel very far from your home. The majority of banks have a large coverage on the French territory. Even when you open your account, you can choose a bank that is close to you.
Bank advisors at your service
As soon as you open your account, the bank provides you with an advisor, also called an account manager. He is in charge of advising you and guiding you. He is the one you will see for the various information concerning your credit, your loans etc.
Accessibility
A bank allows you to withdraw your money at any time. So you don't need to go anywhere with money on you. You just have to make small withdrawals at ATMs with your credit card.
You can also use this card to make purchases in stores.
If you need more money, you can write a check to someone who will pick it up for you.
The benefits
Depending on the type of account you open, you will be entitled to certain benefits such as a profit on your deposit. This is conditional on you agreeing to let the bank use your money to make investments. Sometimes your money will be invested in liquid money market funds. In this case, the profit will be higher.
Experience
In terms of financial management system, banks are older. This gives them a certain legitimacy and experience. Thus, the money you deposit in your bank account is guaranteed in some way. You are sure to be able to get it back in case of a problem.