A Basic Review of the Top Three US Banks
When you are a businessman or a company owner then it would probably be wise to open your personal and business account in one bank. In this way, you can conveniently handle both accounts in just one institution. US banks, in general, have made a great impression in the financial world as they have not only proven to be trustworthy institutions but have also exemplified reliability. Hence, a US Bank review is well in order.
Choosing a bank is an important decision as there different banks that offer different services and have varying interest rates. That is why in doing so, one needs to remember to look up some US Bank review and make bank comparisons so as to find the right bank that would work best for one’s individual needs. Not only that, researching US Bank reviews will be able to equip you with the proper knowledge as to what banks and services are a scam and those that are not.
Assorted by deposits, and as of March 2011, the top three US banks in its respective order is, JP Morgan Chase Bank, Bank of America and Wells Fargo Bank. The current amount of deposits, however, is not the most important factor when choosing the best bank; interest rates, bank charges, and the cost to maintain an account in any given bank and bank locations also play a great deal in successfully choosing a bank that would fit one’s individual needs.
JP Morgan Chase Bank, although having the highest collective deposit have the least number of bank locations; Wells Fargo has the most number of bank locations, while the Bank of America holds second place. The number of bank location may be an issue to a traveling and conservative banker, where online banking may not be the best solution. In terms of overall rating, Bank of America holds the top spot with an overall bank rating of 4 out of 5 stars, while JP Morgan Chase and Wells Fargo both hold 3 out of 5. With regards to bank fees and charges, all 3 banks have poor ratings, i.e, all three offer bank services with a charge. Last but not the least, interest rates for all 3 banks also have poor client-generated ratings.
We already know that JP Morgan Chase Bank, Bank of America and Wells Fargo Bank have been included as part of a basic US Bank review, wherein interest rates, bank charges or fee, overall rating, bank locations and financial health have been reflected. A good and practical US Bank review, however, should not only indicate numbers, figures, and percentages; that is why in this article, a look into customer relations will be tackled as part of a US Bank review, paving the way for a potentially smooth banking experience.
JP Morgan Chase Bank seems to have an overall customer relation rating of below average; out of ten, they have a 1.8 rating on issue resolution, 2.8 reachability, 2.1 account cancellation, 2.8 friendliness and a 2.5 rating for product knowledge. Overall, JP Morgan Chase Bank’s customer relation score is at 30.28 and is not very promising; as a matter of fact, a semantic equivalent of, disappointing, may very well be given. Therefore, JP Morgan Chase Bank’s US bank review puts them way below the average of a satisfactory customer relation score.
Bank of America, on the other hand, has an even worse customer relation rating; issue resolution is at 1.5, reachability at 2.1, account cancellation at 1.8, friendliness at 3.2, and a product knowledge of 2.3, giving them an overall customer relation score of, 25.24. Thus, a semantic equivalent of, terrible, is given. Although they are way below JP Morgan Chase Bank’s overall rating, their employees, however, are more friendly and is nothing short of a rating noteworthy to be included in any US bank review.
With regards to the customer relation rating of Wells Fargo Bank, their individual ratings are as follows: 1.4 for issue resolution, 2.6 for reachability, 1.7 for account cancellation, 2.6 for friendliness and 2.0 for product knowledge; their overall customer relations score is at 23.30 making them the worst among the 3 banks in this US bank review.
Having a clear view of a bank’s current company profile and its standing in the past recent years is probably one of the reasons why US bank reviews are very important. That is why in choosing and maintaining a bank to handle your financial needs, going over a sufficient amount of US bank review is a must.