When to Choose Traditional Banks Over Online-Only Banks | 6 Scenarios to Consider 🏦

Are you wondering whether to choose a traditional bank or an online-only bank? With so many options available, it can be difficult to decide which one is right for you. In this video, we’ll explore six scenarios where it might be more beneficial to choose a traditional bank over an online-only bank.

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Comparing bank accounts in Canada – https://youtu.be/oGskKxOeTc4
How to open a bank account in Canada – https://youtu.be/SQEUgc-id3Q

Chapters
0:00 – Introduction
1:01 – Disclaimer
1:45 – What is an online bank?
2:32 – Scenario 1: Need for In-Person Services
4:17 – Scenario 2: Need for Cash
4:45 – Scenario 3: Need for Bank Drafts
6:08 – Scenario 4: Need for Quick Customer Service
7:12 – Scenario 5: Need for Robust Credit Products
8:35 – How To Set Up Your Banking Stack
10:00 – Conclusion

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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

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When to Choose Traditional Banks Over Online-Only Banks | 6 Scenarios to Consider 🏦

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