{"id":16,"date":"2022-03-25T10:47:40","date_gmt":"2022-03-25T10:47:40","guid":{"rendered":"https:\/\/compoundingstacks.com\/?p=16"},"modified":"2022-04-04T14:32:34","modified_gmt":"2022-04-04T14:32:34","slug":"which-is-the-safest-bank-to-keep-money","status":"publish","type":"post","link":"https:\/\/compoundingstacks.com\/which-is-the-safest-bank-to-keep-money\/","title":{"rendered":"Which Is The Safest Bank To Keep Money?"},"content":{"rendered":"\n

Which is the safest bank to invest your money in?<\/p>\n\n\n\n

There are several banks offering various services such as savings accounts, credit cards, loans, etc. The question is which is the safest bank to put your money into?<\/p>\n\n\n\n

\"Which<\/figure><\/div>\n\n\n\n

It is important to choose a safe bank because your money is at risk. If you’re not sure which banks are the safest ones to keep your money<\/a> in, then stick with us to find out more. <\/p>\n\n\n\n

How To Choose A Safe Bank<\/strong><\/h2>\n\n\n\n

We suppose the main question you’re asking is what exactly constitutes a ‘safe’ bank? <\/p>\n\n\n\n

Many banks are offering various services such as savings accounts, credit cards, loans, etc. The question is, which is the safest bank to put your money into? Well, we have prepared a list of things that make up a safe bank for you:<\/p>\n\n\n\n

1) An independent body should regulate the bank called the Financial Services Authority (FSA). This means that it has been checked and approved by them before they can operate legally. <\/p>\n\n\n\n

They also ensure that all their employees are qualified and appropriately trained.<\/p>\n\n\n\n

2) The bank should offer competitive rates of interest on its products and services.<\/p>\n\n\n\n

3) The bank should provide security measures like safes and CCTV.<\/p>\n\n\n\n

4) The bank should have a good reputation among its customers.<\/p>\n\n\n\n

5) The bank should be able to pay back any money you deposit if there’s a problem.<\/p>\n\n\n\n

6) The bank should be FDIC insured. This means that the Federal Deposit Insurance Corporation will cover any losses that may occur within the bank. <\/p>\n\n\n\n

7) The bank should give you some sort of guarantee or insurance policy against fraud.<\/p>\n\n\n\n

8) The bank should be open 24 hours a day, 365 days a year.<\/p>\n\n\n\n

9) The bank should be licensed to operate in your country.<\/p>\n\n\n\n

10) The bank should have branches in many locations. <\/p>\n\n\n\n

Choosing The Right Bank: Things To Avoid <\/strong><\/h2>\n\n\n\n

Now that you know what you SHOULD be looking for in a bank let’s run you through those infamous banking ‘red flags’ that you should make every effort to steer clear of.<\/p>\n\n\n\n

1) Banks that charge fees for using their services.<\/p>\n\n\n\n

2) Banks that don’t allow you to use your debit card abroad.<\/p>\n\n\n\n

3) Banks that do not offer a free checking account.<\/p>\n\n\n\n

4) Banks that only accept cash deposits<\/p>\n\n\n\n

5) Banks that do not give you access to your own money.<\/p>\n\n\n\n

6) Banks that do not allow you to withdraw your own money.<\/p>\n\n\n\n

7) Banks that charge extra for using plastic when paying bills.<\/p>\n\n\n\n

8) Banks that take your money<\/a> without giving you anything in return.<\/p>\n\n\n\n

9) Banks that charge you high fees for simple transactions.<\/p>\n\n\n\n

10) Banks that ask you to sign blank checks.<\/p>\n\n\n\n

11) Banks that charge you for using ATMs.<\/p>\n\n\n\n

When choosing your next bank, AVOID THEM if you encounter any of these things. There’s a strong chance that your money will not be safe with these banks in the long term. <\/p>\n\n\n\n

With that in mind, what banks should you turn to for safety and security? <\/p>\n\n\n\n

Americas’ Safest Banks: A Round-Up<\/strong><\/h2>\n\n\n\n
\"Which<\/figure><\/div>\n\n\n\n

The following banks are considered to be the most secure in America:<\/p>\n\n\n\n