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Alternatives To Traditional Banks

Tuesday, June 18, 2013 - 7:18 AM
From Kiplingers:
If you’re fed up with banks, you’re far from alone.TD Bank’s ads that show customers being bullied by a booming, disembodied voice play into that frustration. And in a recent report from the Deloitte Center for Financial Services, 65% of customers surveyed believed that banks “were not being fair in the way they implement new fees.”

Despite such rampant disillusionment, most people hang on to their accounts. Only about 8% of U.S. households say they don’t have a checking or savings account, according to a Federal Deposit Insurance Corp. survey, and the main reasons are familiar... 

,,, But ditching standard bank and credit issuers entirely is tough to do without relying on cash (and watching your credit profile languish). And note that some of the more attractive alternatives to banks have a toe in the banking system.

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pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
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