How to choose a reliable bank or financial institution to place your funds?

[deucher]

In my opinion, it is not necessary to choose a bank just because it exists, because not all banks are safe, even if they are working and have not been banned. I had cases when I deposited money on the card of my new bank, but I did not receive it, and the technical support answered that there were no transactions. Therefore, first of all, it is necessary to check the age of the bank so that it was founded a long time ago. It is also desirable that the bank should be state-owned so that your funds are protected by the state and not by some insurance agency.

 

[Grant]

I don't use a bank myself, but rather a credit union, which serves like a bank, but it's free to be a member of. I've been using credit unions all of my life. Banks to me, aren't as stable. At least in my opinion. I prefer credit unions because they seem to be better about protecting your money.