This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What You Need From Your Next Bank

NEW YORK (TheStreet) -- Consumers aren't above grumbling about their banks  high fees, low returns on savings and investment accounts and fewer bank branches are all popular punching bags for frustrated bank customers.

But getting the most from a bank is a responsibility for bank consumers too. When different banks offer different levels of products and service, it's really up to the customer to do the digging and choose the best bank for them.

"Consumers should investigate what options are available to them," says Ryan Bailey, executive vice president of deposit and payments at TD Bank. "For example, certain checking accounts waive non-bank ATM fees and some accounts offer a low minimum balance. By doing a little bit of homework, consumers can choose a product and an institution that matches up with their banking needs."

Here are some strategies, offered by TD Bank, that should be on your checklist:

Must Read: Michaels Is Pretty Sure Hackers Got Your Data

Check your checking account. Consumers should take some time to dig up any "extras" making up a good checking account. That means asking about benefits such as free debit cards, free direct deposit, "no fee" checking accounts and other services that align with your unique requirements. Make sure these services are offered online and are available on mobile phone apps. If you can get all of the above from your bank, you've really done your homework.

Look for ATMs that return money in more ways than one. Bank consumers should be on the lookout for banks with automated tellers that waive usage fees and reimburse fee costs from non-bank affiliated ATMs. Banks may ask you to adhere to a low minimum balance to get those reimbursements, but it's worth it to save some cash on ATM fees.

Keep your money safe. With news from big retailers including Target and Michaels Stores that customer payment cards were involved in data theft, you'll definitely want a bank that knows how to look after your money.

TD Bank advises consumers to always be aware of how much cash is in your account and the balance on your credit card statement. A good bank will offer customers a way to monitor accounts on a daily basis (if needed), either via computer, laptop, tablet or phone.

These aren't the only critical items banking consumers need from their financial institutions, but they belong on the list, TD Banks says. Make them a priority when choosing a bank or looking for new services from your current one and your banking experience should improve immediately.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.80 -0.88%
FB $117.93 -0.11%
GOOG $699.25 0.51%
TSLA $213.35 -4.10%
YHOO $36.98 2.70%


Chart of I:DJI
DOW 17,678.59 +27.33 0.15%
S&P 500 2,054.90 +3.78 0.18%
NASDAQ 4,732.5010 +6.8620 0.15%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs