Fees have almost entirely gone away for most banks these days (at least the ones I’ve used), so I get the inertia. It certainly didn’t make sense when people would stay on the likes of CBA back when they had monthly fees and a savings rate much lower than third party banks and some credit unions.
Do it. I don’t understand why more people don’t join credit unions / mutual banking. There’s literally no downsides, they have all the same services, protections, minus the fees. It’s a no brainer.
vividspecter@lemm.ee 4 months ago
Deceptichum@quokk.au 4 months ago
Recognition I’d say.
Most people could tell you the names of the Big 4, doubt they know any CUs. Let alone if they even know what they are.