Business Finance

Posts Tagged ‘Choosing a Bank’

As a customer of course you have to be careful in choosing the bank where the deposit funds. Do not be swayed by the lure of high interest rates that make no sense. Most importantly you should also consider several other factors, particularly the who and how to manage the bank’s management. Here are 5 tips on choosing a proper bank, namely:

1. Safe
Whether the bank is managed by a management which professional and prudent? That is, if your fund will be managed carefully by the management of the bank? One proof is that these banks have been given the ISO 9001 quality management certification from the competent institution.

2. Transparent
Management explained the bank’s performance is always honest so company profile is always available and can be known by its customers.

3. Good reputation
A good Bank, among others, has stood long enough and the bank management has been proven to have a good reputation over a long period of time.

4. Bank interest satisfactory and fair
It must be remembered that in addition to satisfying, interest rates must be reasonable. Do not be lulled into the lure of high interest but we do not know where the funds are channeled.

5. Distribution of funds
Are your funds will be disbursed in the form of credit to micro, small and medium enterprises (SMEs)? Why is it important? Because if you can turn on micro business, small and medium enterprises, it also indirectly help to increase revenue on the business in which you worked. So in addition to the direct interest income, you are also endowed with indirect income from the funds you plant them. This means at least a double benefit for you.