Ask Terry Questions virtual banks

virtual banks

By Terry Savage on January 22, 2024 | Chicken Money

What is your opinion of banks that do not have a “brick and mortar” presence.

Terry Says

If the bank is FDIC insured, it doesn’t matter if they have a building. But if you want to develop other relationships, such as auto loan, mortgage, etc, you might want to do your banking in your community– assuming comparable rates.



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