In today’s increasingly digitized world, consumers do not lack for banking options; in fact, they’ve never had so many at their disposal. Accordingly, many choose to spread their money among several institutions, to create a “diversified portfolio” of providers for their discrete financial needs. While this approach is not without its benefits, there’s another that may deliver even more value: It’s called the “full-banking relationship,” and while it can help save time, money, and stress, perhaps its most valuable “feature” is peace of mind.
Tired of getting nickle-and-dimed by your bank, every time you, say, use a non-provider ATM? Or if you’ve overdrawn your checking account? If you are, you’re not alone. State Bank of Cross Plains waives certain fees, depending on your current relationship with the bank. Have a discussion with your banker to find out how to avoid getting charged on products and services like direct deposit, debit cards, and savings accounts. Making sure that you’re leveraging your portfolio’s maximum potential can help you save money every month.
From deposit accounts, to mortgages, to financial advisory, State Bank of Cross Plains offers a full spectrum of solutions, effectively serving as a one-stop shop for all things money-related. Here are some of the advantages of having everything under one roof.
Not only is there the opportunity to waive certain maintenance fees by having more than one deposit account, think about the ease-of-transfer capabilities! With multiple accounts, you can make quick transfers, no matter where you are. This allows you access to funds in an emergency, and gives you the flexibility to fix a balance if, for instance, you forgot about that check you wrote for groceries.
Having two accounts also grants you the option of setting up automatic transfers. You can choose a set amount of money to be transferred to or from an account on the same day every month, making your finances more systematic and consistent. No more trying to remember to make that monthly savings deposit!
Whether searching for a new home or refinancing your existing loan, having your home mortgage at the same financial institution as your deposit accounts outweighs the benefit of a slightly lower rate that another bank might be offering.
If you happen to be in a branch and have questions on your mortgage, you’ll be able to get them answered right then and there. As compared to national mortgage lenders, you’ll be speaking with someone in your community who knows the local market and can guide you accordingly.
Wealth Management/Financial Advisory
The markets can be volatile and inconsistent – your advisory team doesn’t need to be. Financial-advisory companies are everywhere, and each seems to be offering better rates and services than the next. Have you thought about the wealth management and financial advisory department at your bank?
Our advisors understand the market landscape, both near and far, and can guide you toward the best decisions for you and your family. And when the time comes to move funds around, the work can be done in-house by your team of bankers, rather than by people you’ve never met.