Online bank account with instant debit card Why so many banks?

Online bank account with instant debit card Why so many banks? Does it appear that a bank is on every corner? It is so for me.

As a result of the fact that everyone needs a bank and that everyone's banking needs are unique, new community banks like bankrugby.com, state chartered banks, and nationally chartered banks dot our landscape.

Banking is a highly personal endeavor, and individuals continuously seek a comfortable setting. The result appears to be the opening of a new branch of an existing bank or a new bank on your block.

What are your hot buttons in banking? Is it the convenience, consistent customer service, staff familiarity, product selection, or perhaps prices?

Typically, a combination of factors will lead you to establish a relationship with a bank. If all banks served all needs, there would likely be no more than eight major banks in the United States.

The banking industry can be lucrative. It is nationally and state-regulated, providing investors with a sense of security. As the amount of risk decreases, there appears to be an endless supply of investors for start-up banks.

The success of the new bank opening down the street from you may hinge on the bank's leadership, such as a well-known, respected CEO, and the bank's long-term, effective community presence.

The second factor would be a board of directors and investors with substantial net worth, who believe in the bank's objective and make considerable personal investments. Durability is crucial.