Reading national bank ratings isn't particularly fun-that's for sure-but its' necessary for finding the best financial institution.
So what's the top one?
There are many-but one of the best is Bank of America (BOA).
Have I lost my mind?
I know you've heard plenty of bad things about them-and there are plenty-but OVERALL their pros outweigh the cons.
Trust me
Here is a look at the good and the bad to help you decide if this is the best one for you:
Pros
# Of branches and ATMs
Unless you live in the middle of nowhere, there won't be a problem getting to the nearest branch or ATM. That's one of the benefits of doing business with the biggest bank in the country.
Their online system is among the top ones out here-few will dispute that.
What makes it so good?
It's one of the most secure out there-and you don't have to worry about ANYONE hacking your account. And it's not difficult to figure out how to use it either.
No matter how long you've used the internet for transactions, it won't be difficult to get rolling when using this.
Cons
Customer service
Everyone knows about this so I won't harp a lot on it... but there customer service leaves something to be desired...
ESPECIALLY over the phone
Like just about any other financial company they outsource this service-and you never know what you're going to get.
Just try and stay away from the phone and you should be fine. I recommend always dealing with a physical branch whenever possible.
And yes, like any bank it's mostly a "branch by branch" deal of how your customer service will be. But it's not that much worse than any other bank--trust me.
Conclusion
BOA has their problems-but on the whole they are one of the best banks in the country. For morenational bank ratings check out http://www.OnlineBankRatings.com.
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