National banks vs. community banks
Have you ever wondered about the difference between national banks and community banks? We’re here to tell you it goes way beyond convenience, and straight to the heart of important issues that affect all of us.
Less fees, more savings
While big bank chains appear to offer more convenience than your locally owned financial institutions, if you look a little closer, you might be surprised. For example, consider ATMs. A lot of national banks hit you with a hefty fee for not using their ATMs. Meanwhile, more and more community banks (like Gateway Bank) and credit unions are offering fee-free ATM networks. These ATM networks often provide you with even more nationwide coverage than the big banks do, giving you more banking options with no fees at all.
Many local banks also offer added conveniences and perks for people who serve their community, like teachers, policemen, firemen, and other service professionals. In fact, at Gateway Bank, we have a special account made just for folks like this, which we call our Service First Checking Account. It’s our way of saying “thank you” to people who make our hometown such a great place to live.
Home is where the heart is
When you keep your money with a local bank like Gateway, it’s directly invested back into local business. Community banks lend money to small businesses in the area, building a robust, stable economy for our towns, creating more jobs for you and your neighbors, and spurring growth for other locally owned businesses.
Here at Gateway (as well as other community banks in Mesa, AZ, and across the nation) the managing staff and bank owners actually live in the communities we serve. That means the focus stays on Main Street, not Wall Street. Local banks don’t gamble with your money or focus on looking for high-stakes rewards. Instead, we invest in something safe and close to home: local businesses and entrepreneurs we know by name. This difference of priorities really means a different way of doing business altogether.
Don’t be just another face in the crowd
Finally, a lot of national banks feel impersonal because they’re intent on getting tons of customers and spending as little time as possible with each one. Local banks focus on things that are important to you, like treating staff and clients like family, spending one-on-one time to build meaningful relationships, and making sure each person has the best experience possible.
We invite you to experience the difference and explore all the benefits hometown banking has to offer by connecting with a locally owned and operated bank in your community, like Gateway Bank. Reach out for more information. We’d love to hear from you!
photo credit: swisscan