Benefits of Banking Local

August 8, 2022

When choosing a bank, it is crucial to find the rates, products and services that meet your needs. Another aspect—often overlooked in this digital age—is the location of the bank. Many local banks offer the same essential services as large banks, delivered by your neighbors.

 

There are numerous reasons to consider banking locally:

 

Community

Banking locally supports the local economy. When you bank at a local institution, your money is reinvested in your own community. Local banks are also more likely to fund local business because they’re investing back into their own community. This helps towns and cities, including those in rural communities, continue to thrive.

 

Convenience

If you prefer to bank in person, local banks are a great option. The convenience of walking into your bank anytime is a huge selling point for some.

 

Services

Smaller institutions offer many of the same products and services as large banks. These services may include free checking accounts, credit-building programs, a variety of savings account options and loan types.

 

Personalized Customer Service

Another great benefit of banking local is personalized customer service. When you bank locally, the employees serving you are also members of your community. They could be a neighbor, friend or even family.

 

About Bank Iowa

With more than $1.8 billion in assets, Bank Iowa ranks as one of the leading independent ag banks and the second-largest family owned bank in the state. Farmers, families and businesses access Bank Iowa’s products and services through 26 locations in 23 communities, as well as online and on mobile devices. To learn more, visit bankiowa.bank. Member FDIC. Equal Housing Lender