Why Choosing a Smaller Bank is Better for You
Articles - Savings
If you are like me and fed up with pressing buttons repeatedly on your phone to answer the same questions from your bank every time you call? Why not consider one of the smaller personal banks. They offer good old fashioned banking services just like they used to be.
by ShaneDalton


If you are like me and fed up with pressing buttons repeatedly on your phone to answer the same questions from your bank every time you call? Why not consider one of the smaller personal banks. They offer good old fashioned banking services just like they used to be.

Remember the days when you could pick up a phone and speak to the same person as before? I called in at the Pensions Bank in Leicester early in December 2009 and met all the key staff, only about ten people, including their Chief Executive Officer. Small banks like this have identical protection under UK legislation as the impersonal high street banks that pay huge bonuses and bounce customers from one recorded instruction to another. So why endure repetitive telephone messages after a long wait listening to music? An efficient small bank can provide a more relaxed and faster personal service with real people?

There is no requirement to be well heeled just to achieve the first class service offered by one of these specialist banks. In this instance, the Pensions Bank introduced by equity care only stipulates a minimum of three thousand pounds for complimentary banking and this is done by monthly adjustment from your high interest account.

Smaller sized banks often concentrate on specialist services. As an example the pensions Bank makes life stress free when working with and opening accounts for older persons, their family and Lasting Power of Attorneys. In this instance the clarification of proof of identity bureaucracy can be particularly awkward and inconvenient with many giant high street banks. This smaller bank's systems will approve evidence of identification endorsed by your professional representatives. And they can communicate directly with customer's advisers in dealing trusts and annuity plan admin. In sharp contrast to the big banks, they're not bothered about selling plastic cards, life insurance, unit trusts and fixed term contracts and so on. Instead they like to work together with their customer's authorised advisers.

Similar to many personal banks that have the high standards of client service values of days gone by, the Pensions Bank mixes old fashioned customer service with today's technology. They make available modern Internet facilities with competitive deposit and lending terms along with the standard personal banking services expected. In addition they provide company banking administration on low cost terms, such as P.A.Y.E. for large or small businesses.

The high customer values of the past can really be brought into modern day banking. You can now experience the advantages of speaking with proper people instead of listening to recorded instructions year on year. It's a tremendous pity that these real banks are kept under wraps?

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Want to find out more about choosing a bankchoosing a bank, then check MichaelDalton's equityCare websiteon how to choose the best bankfor your requirements.