Moving? Switch Banks, But Be Careful About It
NEW YORK (TheStreet) -- Americans migrate in big numbers every year, moving from city to city and town to town to catch their share of the American Dream -- a dozen times in a lifetime, with 43 million of moving every year.
Reasons for a move vary, but most have to do with work (40%); personal decisions (42%); and the military or government (18%). Summer is the biggest season for moving, with half of all moves taking place between Memorial Day and Labor Day.
One aspect of moving that gets little thought: Its impact on how people handle money and banking. TD Bank, in a report out this week, says 57% of those surveyed overall moved banks to have access to closer branches after relocating, including 64% of those 55 and older and 48% of millennials.
If you're moving, and thinking of changing banks, follow these tips to make your switch as painless as possible. Also see: Public Wi-Fi Increasingly Easy, Still Too Dangerous
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