Custom Search

Tuesday, July 8, 2008

Banking And Finance

From The Hoss's Mouth

Banking and Finance

Banks or other financial institutions provide a valuable service in our society. The Hoss asks you to consider which option is better: keeping your money buried in the back yard, keeping it hidden in a mattress, or keeping it safe in a financial institution. Unless you are brain dead, you chose the "safe in a financial institution" option.

Horse race owners insure their primary assets: their horses. You insure your house, your car and your life. It only makes Hoss Cents that you insure your money by depositing it in a bank or financial institution of your choice. Federally insured institutions are protected up to $100,000 ($60,000 in Canada).

Selecting a bank or financial institution is similar to selecting a horse to wager on. You gather all available information, do the research and make a selection. You may not always pick a winner, but by doing the leg work you increase the odds of being successful.

The Hoss was extremely fortunate when it came to choosing a financial institution. When he married Mrs. Hoss she worked for a credit union that offered their employees many benefits (reduced fees) not available to non-employees. In all likelihood you are not in such a favorable position, so The Hoss has compiled a list of items for you to consider when deciding which bank or financial institution best fits your priorities. The Hoss points out that these are suggestions only and by no means a complete list of all items that may be of importance to you when choosing a bank or financial institution.


  • Location: Do they have branches in areas frequented by you and your spouse?
  • Visit each institution and evaluate customer service.
  • Do they offer the type of account(s) you require?
  • Are the hours of operation convenient?
  • Do they have ATMs ?
  • Do they offer Internet banking?

Compare the rates, fees and service charges on the following:

  • bounced check fees
  • safety deposit box charges
  • ATM charges
  • checking fees
  • annual fees
  • interest rates for loans
  • interest rates on deposit accounts

Please feel free to leave a comment or add any tips you may have by clicking on the comment section of this blog.

Stay on track,

Next Hoss Cents Free Financial Money Magazine Post: Beginner Investing

Previous Post: Money Saving Tips

1 comment:

  1. Good tips for choosing a banking institution. I found the information on checking out bank charges to be particularly helpful.


Stock Ticker


The Hoss is not a financial adviser. This blog is a reflection of his personal opinion, experience and financial choices. For financial assistance, please consult a licensed financial services professional.

The contents of are provided for informational and entertainment purposes only, and should not be construed as advice. This material is not intended to provide, and should not be construed as providing individual financial, investment, tax, legal or accounting advice.

While the information shared on this website is believed to be accurate and reliable, the owners/operators of this website specifically disclaim all warranties, express, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein. Individuals leaving comments on this site are solely responsible and liable for the contents of their comments. Because this website is intended to provide general information only, you should discuss your specific needs with a qualified licensed financial services professional.

Links to other websites are for convenience only, and are independent from No liability is assumed for any inaccuracies in the information or for the content of any linked websites. No endorsement or approval of any other products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this website. No liability is assumed for incompatibility, non-suitability, viruses or other destructive/disruptive components on or from such websites.