Financial Institutions Vs Chase Bank Essay

Chase Bank is to make sure that its customers are completely satisfied. It uses its reputation for strength along with its global reach to invest in its clients as well as its communities to make a positive impact in the lives of many people, according to its official website. It views helping clients through a wide range of economic and social obstacles as a top priority. By creating a solid foundation for financial growth and success, Chase Bank has always been a reputable choice. You can get everything that you need along with the satisfaction that you deserve from its institutions. Another great reason why I should choose Chase Bank is that its customers do not have to go very far to find a convenient location. There are currently over

These are only a few of the many reasons why credit union are important, not only to me but also to other members of the community. When I say that a credit union is “more personal” to a community than a stockholder or corporate owned bank, I am trying that most people in small, rural towns—similar to where I live—everybody knows everybody. When somebody around here goes into a store, nametags are not really needed. But, when you have to travel to a large bank, the chances are that you won’t know who you are dealing with. In a smaller community like ours, people prefer to know who they’re working with, especially when borrowing a large amount of

The organization selected for analysis and evaluation is American Lake Credit Union. This organization is composed of two main branches, both located in Tacoma, Washington. In contrast to banks, Credit Unions are smaller organizations and are directed by members who are selected via a vote to serve in an all-volunteer board of directors for the organization (Scott, and Johnston, p.2, 2011). Specifically, this credit union was founded in 1948 and has grown since then. (C. Fitzer, personal communication April 7, 2014). For instance, although the organization is small in size through a partnership with a credit union network, it is able to provide general financial services at diverse locations

Even though the total intrest is lower with the Discover Bank, I think that the Citizen Bank gives the better loan deal. If I was to choose the Citizen Bank loan, I would end up paying $539.40 more then with the Discover Bank but there are other factros that need to be viewed over. The Citizen Bank deal is better because the payment each month is $256.85 instead of $413.94, and I lso have five years to pay off this loan. This loan is the more realitic loan for me because I may not have the money to pay $413.32 month, but could afford the 256.85.

Chase bank is one of the more expensive banks, well the checking is. Savings not so much, savings accounts are actually are the least expensive of the banks you can have. $300 dollars is the minimum balance that you can have and if you ever go under it is $5 dollars each day you do not pay it. There are no checks but there is atm and debit card option. There is no online banks as well as no 24 hour calling so you would have to call within the hours off the banks. Chase banks do differ in different towns. Some other services they have are safe deposit boxes. The smaller ones are free but the larger you go the price goes up.

Credit unions are similar to banks in that they offer many of the same services such as check and savings accounts as well as loans. Deposits are also federally insured with credit unions as they are with banks. Credit unions combine these services with many other benefits such as personal service, generally lower interest rates and higher investment returns.

I have banked at Y-12 Federal Credit Union for five years. It was where I first opened an account and where I first made an investment in a Certificate of Deposit, or a CD. Credit Unions tend to be better than banks due to not being for profit, and thus putting members first rather than profits. It has always been quicker and easier to make deposits and withdrawals at a credit union instead of a bank. The speed of service is normally quicker. Credit rates are easy to find and set at a credit union rather than a bank because not being for profit allows them to pass their savings through the entire product line. Credit unions also offer prepaid credit cards to avoid going into debt, which is something that banks cannot do. While banks do offer

On July 6th 2015 at exactly 5:10 p.m. I arrived in Stewart Manor to order my take out dinner at Umi Asian Fusion Restaurant. I knew my order would take a couple of minutes to get ready and I had to go to the Chase bank a couple of stores down. I knew this so that as then when I realized I needed to put quarters in the meter because I knew I would be a while. I remember looking at the clock and seeing how much time I had left to get change. I walked into the restaurant and asked for change. In order for them to give me change I needed to pay for my order first so I did. I took my change and picked out the quarters that I was going to put in the meter. I looked at my watch again to make sure how much time I would have to go to the Chase bank. As I am getting ready to put my change in the meter I look up and see a man walking over to my car and begin writing me a

TD convenience checking is convenient for college students because they have thousands of ATMs, which make it convenient for their students. There is also no monthly fee if you maintain a balance of $100. New customers get $150 when they receive direct deposits of $500 within 90 days of opening your account. Another reason why TD banks is convenient for college students because if they feel the need to travel TD banks won't charge you any foreign debit card transaction fees. TD banks has the highest interest rate out of all of the banks I interviewed. Its interest rate is 0.05%. This checking account is more suitable for me because they have great customer service and they are easily accessible through websites, apps, and through a

Most credit unions require no minimum deposit in order to open; it is simple as joining an amazing club without a charging fee. With no fee holding members back, finding an eligible unions is a lot easier in the community. Often times a person may want to join when they have new or raised fees or bad customer services from their original banking provider. It may take some time, but credit unions are generous enough to offer a free switch. Numerous credit unions are part of a banking network, meaning there are more ATM locations than just a branch. These locations are within gas stations or stores, so withdrawing money is more

While growing up I did not realize the difference between a bank and a credit union. As soon as I started working a job my parents always made me save a certain percentage of my paycheck. I currently have savings accounts in the SHP Federal Credit Union and Fifth Third Bank. Once I started learning how to manage my money I soon started to become familiar with the credit union difference.

When it comes to banking and creating accounts for money, it is a very serious matter. Depending on spending rates, what one plans to do with the money, and whether or not they want to pay fees and earn interest, decides which saving account is right for that specific person. In my case, the statement savings account is right for me. In my situation a statement savings account is right because it requires minimal fees, it is safe, and I can access money very quickly. Although, if someone is looking for an account which they will earn high interest rate, choosing the Certificate of Deposit, or money market savings account would be a better option. No matter which account one goes with, it is always good to make sure the financial institution

The credit Union focuses on providing a message of being able to provide reduced rates below that of a

The bank sells its full slate of products on its website. At the top of the home page is a list of pull down menus (banking, credit cards, lending, etc.) which display all of the product offerings. Banking includes all of the traditional account types that a person can open or, in some way, access. The banking tab displays a menu that includes types of accounts and services that are available to Citibank's customers. Accounts include checking and different savings options which can then be pulled down to reveal even more options. The checking tab has four different types that are geared toward four different categories of customer, and some specialty accounts. These are named basic checking, the Citibank account, Citigold interest checking the Citibank student account, and there have even been accounts started specifically with women in mind (Yadav, 2004). All of the other banking options offer similar pull down menus which give the customer a variety of options and details what the various options entail. Under the credit cards tab the company helps the customer choose what type of card they want by asking them to answer some questions first. The borrower is asked what type of card they are looking for, what financial options they want and what rewards the individual desires. All of this is to help choose the appropriate card for the particular customer. The tabs across the top of the page continue with

Previously these banks had core strategies of targeting specific markets. They focussed on their main product offerings such as Checking Accounts, and on branch network service provision.