Financial institutions with a very large reach, such as national banks, usually have less personal customer service than smaller

Question

3 years ago

6

Financial institutions with a very large reach, such as national banks, usually have less personal customer service than smaller

institutions like credit unions, and often have more complicated bureaucratic structures. Despite this, what are some advantages of larger financial institutions over smaller ones?

Advanced Placement (AP)

1 answer:

gulaghasi [49] · Answer 1 · 2022-06-02T11:09:20+03:00

Answer: Larger finantinal institutions often provide lower fees over transactions, are widespread and easy to find when talking about traveling, moving, or emergency situations in which you need to find a branch quickly. Also, they are trustworthy and can offer good deals to their clients, depending on how good their credit is.