Written by Desirae Outcalt, Bell Bank Commercial Banker
Reviewing your banking relationship might not be something you think to do annually, but it can be a great strategy to make sure your bank is appropriate for your business and personal financial goals, as well as your stage in life.
Consider scheduling an appointment for a banking relationship checkup once a year or any time your finances change drastically due to a major life or business event, such as:
- Marriage or divorce
- The birth of a child
- Your kids going to college
- Business expansion or consolidation
- Retirement and business succession
When we review your banking relationship, we’ll talk about your business and personal goals, so we can help you make sure your banking, mortgage, investment and insurance strategies are optimized and personalized to you.
In reviewing your banking relationship, here are the top 10 questions you should consider:
- Do you know your banker – or do you know who you would call if you were in a bind?
- What fees are you paying, and are they necessary?
- Do you want your bank to truly partner with you, such as through referrals, merchant card processing or succession planning?
- Is a branch network important to you, and if not, does that open up banking options for consideration?
- Is your bank financially secure?
- Are your savings, money market and loan rates reasonable?
- What do online customer reviews say about your bank?
- Does your bank help you combat fraud?
- Do you like your bank’s online access?
- Are you happy with how you’re treated when you call or stop by?
In addition to helping you pursue your financial goals, making sure your banking relationship is right for your circumstances could also save you money. In a true banking partnership, your banker gets to know you and your personal and business goals – looking for opportunities to help you succeed, not chances to sell you something you don’t need.
You might not think of your bank – or banking relationship – as something you could love, but at Bell Bank, our customers actually do. No matter how unique their business might be, we’re there for them, offering financing that works for their situation – not an impersonal cookie-cutter approach that doesn’t really work for anyone.
As one of the largest family- and employee-owned banks in the nation, we’re able to do things differently, like putting our customers’ best interest first and finding innovative solutions to challenges. We don’t have sales quotas. Our goal is to make sure our customers are happy.
If you don’t love your bank, maybe it’s time to switch.
For assistance making sure your banking relationship is everything it could be, contact me. I’m happy to help.
Desirae Outcalt, AAP
VP/Commercial Banker
Bell Bank, Member FDIC
2710 E. Camelback Road | Suite 100 | Phoenix
Office 480-339-8563| Mobile 480-225-6644
doutcalt@bell.bank | www.bell.bank
Find Bell Bank on Facebook, Instagram and LinkedIn @gobellbanks
Deposit and loan products are offered through Bell Bank, Member FDIC and Equal Housing Lender. Bell Insurance Services, LLC is a wholly owned subsidiary of Bell Bank. Products and services offered through Bell Insurance or Bell Bank Wealth Management are: Not FDIC insured | No Bank Guarantee | May lose value | Not a deposit | Not insured by any federal government agency.
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