Financial Services

Tips for selecting a local bank

It’s important to think about your particular needs when selecting a bank in your new community. “A local bank enhances the experience of a new community,” said Kevin Thompson, Frost Bank market president in Boerne. “It helps a place feel like home. Research shows that a majority of Americans still choose a bank based on proximity to where they live.” “The more specialized or variable a person’s financial needs, the more a local bank relationship makes sense,” Thompson stated. “But even if a person’s financial life is automated, it’s often comforting to have a personal bank connection when the unexpected happens.”

THINGS TO CONSIDER

Does the bank offer all the services I need? Is it insured by the FDIC?

CHECKING ACCOUNTS

Is there a minimum opening balance? Minimum monthly balance to avoid fees? Fee waivers available? Earns interest? Deposit hold times?

OVERDRAFT PROGRAMS

Are low balance alerts offered? Overdraft fees? Link to a savings account to cover overdrafts? If so, is there a fee?

SAVINGS ACCOUNTS

Is there a minimum opening balance? Minimum monthly balance to avoid fees? Annual percentage yield (APY)? Fee waivers available? Withdrawal limits per month? Services available?

ATM / DEBIT CARDS

Are there fees? Fee waivers available? Rebates or bonuses? Location/ number of ATMs? Debit card transactions requirements or limits?

MOBILE/ONLINE BANKING

Is it available? Transaction types and limits? Fee waivers available? Online bill pay? Source FDIC

AT FROST, HIGH-TECH

MEETS HIGH-TOUCH.

Visit us at 1300 South Main St in Boerne or call (800) 51-FROST.