When is it time to break up with your Nigerian bank?
When you think of how you want to spend a typical day, switching to another not so annoying bank is not top of the list. It’s stressful and can be tiring. However, banks are important to your survival and getting it right is important for your wellbeing.
So, what are the signs that you need to break up with your financial provider?
Fees.
Card maintenance fees, outrageous SMS alerts shouldn’t be working to empty your bank account. If the interest rates are low and bank charges are high, then you know it’s time to leave them on read.
You want higher savings account returns.
If you are earning close to zero interest rates on your savings account, this is a sign to consider other alternatives. However, once you see an institution offering better returns, you should move.
Modern features.
Internet banking, USSD, E-statement of accounts are more than enough reasons to jump ship. Once there is a better alternative to what you are currently offered, kindly leave for better.
Putting all the money in one place.
Maybe you are like me and you have 7 accounts, it makes sense to close some of them and consolidate them in two or three places. You need two or three accounts because Nigerian banks can move mad at any time.
You want a bank you can be proud of.
At the end of the day, you want a bank that will not disappoint you in the dead of night and is also dependable. Good luck with that.
