1. Financial Institutions
By Ben Quick

2. Financial Institutions
Financial institutions provide a service as intermediaries of the capital and debt markets.
They are responsible for transferring funds from investors to companies, in need of those funds.
The presence of financial institutions facilitate the flow of monies through the economy.

3. Types of Institutions Commercial Banks Savings Banks
Savings and Loan Associations
Credit Unions

4. Choosing a Financial Institution
In choosing a financial institution, you should consider the traditional three C's of banking:
Cost
Convenience
Consideration

5. Cost How expensive is it? What are the monthly fees? Minimum balances?
Charges per check?
What Interest rates are received on deposits?
What Interest rates charged on loans?

6. Convenience How convenient is it for you to work with the institution?
What is the availability of branches and ATMs?
Are they close to your home and work?
Does the institution offer overdraft protection, safety deposit boxes, credit cards, etc.?

7. Consideration The consideration factor is about personal attention.
Does the institution offer personalized financial advice and give attention to detail?
How important is it that a bank officer remembers your name and is happy to work with you?

8. Questions?