MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis - Money Matters - Consumer Action


Finance Quick Answers



How do I choose a financial institution? There are so many options to choose from!

Financial institutions are businesses that offer services such as checking and savings accounts, car loans, home mortgages, credit cards, and retirement and investment services. And there are so many out there that choosing the right institution for you can be a relatively frustrating experience. If you are trying to select a financial institution that can best serve your needs and lifestyle, asking yourself these questions may help speed up the process of deciding which one is right for you.

  • Does it offer services I need?
  • Is it close to home?
  • Does it have reasonable hours?
  • Does it have ATMs? If so, are they located near where I live, work and shop?
  • Am I eligible to join a credit union?
  • Do any employees speak my language?
  • What kind of identification is required to open an account?
  • What, if any, fees will I be charged?



Source: A Comprehensive Guide for Community Educators, "Choosing a Financial Institution," Fact Sheet p.3





Written by:
Sandra McKinnon, Consumer & Family Economics Specialist, University of Missouri Extension

Cynthia E. Crawford, Ph.D., Consumer & Family Economics Specialist, University of Missouri Extension











Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base

Last update: Monday, July 28, 2008




University of Missouri logo links to

Site Administrator: 
Copyright  ADA  Equal Opportunity

MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia