How to choose a bank

Choosing a bank can be a tough call. Even with so many on the market, you still wonder which one to pick. What should you look for? In this article, we share some tips to help you make the right choice.

What criteria should you use to pick a bank?

To pick the right bank, you need to weigh several factors - both about you and about the bank. For example, a bank is partly chosen based on your needs and lifestyle, and partly based on what the bank offers.

By account type

There are several account types: current account, savings account, business account… Based on what you need, pick the bank with the best value-to-offer ratio for you.

Consider the offers

For most people, banking fees are a key factor when choosing a bank. Beyond that, check the quality and variety of services offered. Online banking, an attractive package, a useful card - all these help you make the right call.

Most banks offer extras alongside their traditional products and services. That can include paying bills or shopping online via your bank or your card, or money transfers.

The bank’s area of focus

Every bank excels in a specific area. There are banks for housing and real estate, investment banks, and so on. Some banks have chosen to really develop their digital services. If you prefer managing your accounts without having to travel - avoiding long queues - that kind of bank is for you.

Proximity

By proximity, we mean the branch and ATM network. The easier it is to find one of your bank’s branches or ATMs, the easier it’ll be to handle your operations. And you can save energy by managing all your transactions from your phone.

How often you travel abroad

If you travel abroad often, pick a bank that offers a card with affordable international transactions. And if you want more autonomy and freedom to manage your money, with 24/7 remote access to your accounts, the Djamo VISA card is a great pick too.