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That_Initial_Trip_To_The_Bank

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					That Initial Trip To The Bank

Word Count:
507

Summary:
Our first bank visits as adults tend to be quite an event. I remember
reading a short story entitled "My Financial Career" by Stephen Leacock.
The story related the harrowing, humiliating and hilarious experiences of
a man who wanted to have an account in the bank despite his phobia of
banks. By the end of the story he is such a mess that he withdraws all
his money, closes his account, and goes home. All this takes place during
his visit to the dreaded bank -- the beginning a...


Keywords:
high interest saving accounts, bank account offers, business banking


Article Body:
Our first bank visits as adults tend to be quite an event. I remember
reading a short story entitled "My Financial Career" by Stephen Leacock.
The story related the harrowing, humiliating and hilarious experiences of
a man who wanted to have an account in the bank despite his phobia of
banks. By the end of the story he is such a mess that he withdraws all
his money, closes his account, and goes home. All this takes place during
his visit to the dreaded bank -- the beginning and end of his financial
career.

However, this need not be the case with anybody else. In my opinion, most
people are fairly adept at dealing with the banking institution. That
first trip to the bank may be quite bewildering. However, this confusion
is likely to be due to the wide range of bank accounts today. There are
savings and current accounts to choose from. There are accounts that are
meant for personal savings and those that have been designed for
businesses. There are accounts that offer high rates of interest for
people who want to invest their cash. At the same time, there are
accounts that provide incentives to make people save.

Someone who is new to the bank account may find himself being inundated
by bank accounts of all kinds. "Which account do I choose" is a question
that every new account holder finds himself asking. When the person in
consideration is a student, the aim is to encourage savings. A student
will not need features like zero balance or negative balance when it
comes to getting a bank account. However, (s)he will be looking for high
rates of interest for this would mean that his/her money is growing. A
high interest saving account might be just what the doctor ordered for a
young bank account seeker. Different banks offer different rates of
interest on their various deals. So it makes sense to look at a wide
variety of deals prior to picking the winning deal.

Regardless of what advice you are receiving from all and sundry, one
important point to keep in mind is that you need to look out for the best
deals in bank accounts. Many people will tell you that "a bank account is
a bank account is a bank account." That is just not true any more. Some
banks will give you a better network of branches, others will give you
more freebies, and still others will offer better interest rates. Then
there is the ever important customer service, not to forget shorter
telephone holding queues.

Finding out about the various kinds of bank accounts that are available
will stand in good stead a person who is unfamiliar with the whole
process. (S)he will become aware of the various kinds of accounts that
are available. Thus, (s)he will be able to make the most of this
information. The institution of banks is a necessary one for modern life.
These days, not having a bank account is not a possibility.

				
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