There are many ways in which banking has become simpler and less costly. Offers for free checking has revolutionized the banking we all knew from days gone by. When you consider how your monetary savings being in the bank actually supports the banking institution it really doesn't make sense they could charge you in the first place. If you are still paying a monthly fee to utilize banking privileges then you are at the wrong bank.

There should be overhead in the banking world, there is in any business. Paperwork and customer service work in general has to be costly to any business. Services performed by individual employees should be polite and cordial, prompt and thorough also. Hours of operation should reflect a convenience to the customers. These are all things that a business should entail in order to prosper and continue growing. The banking business is no different than any other type of business. There is an added pressure to the general rule of courtesy when a person's life savings are involved.

In essence banking institutions are investment facilities. Savings accounts and Certificate of Deposit (CD) accounts are among the more popular ways for the working class to save his or her hard earned money. In these types of savings venues your savings will be available to you in a hurry and will also earn interest. The checking account end of the banking industry is more of a courtesy. But that makes it no less important to the people who utilize the service.

There may be an eventual loss of paper money and or paper checks in our society. The electronic age has arrived and will eventually engulf the banking end of finances and retail. Online banking has its own place in the modern age of banking. Until real time banking disappears totally there will be the need for a banking facility.

You must have a banking facility in which you feel welcomed and satisfied. There should truly be a sense of community among branch offices and you should never feel threatened or demeaned by the loan application process. If all of these components mark the banking personnel you deal with then you are among the grateful people who are satisfied to do banking the old fashioned way.

Jeff Lakie is the founder of Banking Resources a website providing information on Banking