Selecting the best bank for you is critical. From costs to features, today’s banks offer the flexibility you need to manage money your way. The problem is that not many realize how easy it can be to switch banks.  Relationship banking, used by some of the best banks, creates products and services that meet the needs of loyal customers. If your bank is not meeting your needs, it may be time to learn how to switch banks and make a change.

At Bank of the Rockies, you will gain the support you need and expect from a local bank, including comprehensive product offerings, personalized attention, and tailored financial services. You even have direct access to bank managers and decision-makers. If you are not getting these services, read on to learn how to switch banks with ease to a local, trusted organization.

Why Switch Banks?

There are numerous reasons why you may be thinking about switching banks. Some of the most common include:

  • Costs: No one wants to pay high fees. Receiving notice that fees are on their way up is a good reason to make the switch.
  • Poor customer service: Inadequate support and unresponsive service are compelling reasons to change banks.
  • Better rates: You may want improved interest rates or more favorable loan options that better align with your financial goals.
  • Personalized services: Personalized banking services that fit your lifestyle and keep your objectives in mind are another must-have for today’s banks.

Switching banks can address these issues and more, ensuring you get the support and benefits you deserve.

Why switch to a local bank?

Local banks are often better suited to meet your needs with more personalized and friendly service while keeping costs low and interest rates high. By choosing a local bank, you’re not just getting personalized service and potentially better rates—you’re also investing in your community’s future.

Local banks are deeply rooted in the areas they serve, allowing them to offer tailored products and services that meet specific community needs. They often support local businesses, sponsor community events, and contribute to local charities. This community focus means that when you bank locally, your money is more likely to be reinvested in your neighborhood, helping to create jobs and foster economic growth.

Moreover, local banks tend to have a deeper understanding of the local economic landscape, which can be particularly beneficial when applying for loans or seeking financial advice. Their decision-makers are often members of the community themselves, leading to more flexible and understanding approaches to banking.

Local Banks vs. National Banks

Making the decision to switch comes down to comparing local to national banks. Local banks are better suited to those who are looking for a bank that offers more community support and better in-person access. Some of the best local banks are also the most stable financial institutions, and they have local branches within reach.

National banks prioritize standardized solutions to keep profit margins in place. They can offer good service, but they often lack personalized attention. More so, their profit-driven nature leads to higher fees and fewer free options on your account.

How to Switch Banks

Switching banks may seem daunting, but it’s simpler than you might think.

Step 1: Research the banks

Explore various banks and their services.  Start by checking out the Bank of the Rockies to see the difference a local bank can make.

Step 2: Open a new account

That’s really all you have to do. Provide your documentation, fund your account, and you can start using it.

Step 3: Redirect your deposits

If you have direct deposits occurring now, contact your provider to redirect them. Your new local bank can help you do that in moments. Don’t forget to update any automatic payments and subscriptions as well.

Step 4: Close your old account

Once all transactions have cleared, contact your old bank to close the account. Then, transfer any remaining funds to your new account.

Step 5: Use your new account

You can spend some time getting to know your new account, checking out the features, and stopping in to see the local bankers who can offer insight if you need it.

Now May Be the Time to Switch Banks

Making the switch to Bank of the Rockies isn’t just about better fees and more personalized service – it’s about investing in your financial future and your community. . Visit a local Bank of the Rockies location or sign up for a new account now online.