It can't be easy to be a bank these days. Since the financial crisis, banks are less popular than ever, and having a hard time earning what they used to.
Consumers are not sympathetic. A survey conducted by Intuit Financial Services reveals that customers are likely to switch banks -- in large part due to increased fees. The study found that 36% of consumers will soon change banks (or they already have).
Bank Transfer Day on November 5th should bring even more change. Consumers are encouraged to switch to credit unions that have lower fees and that are often a part of the local community.
While you may come out ahead by switching banks or moving to a credit union, you can also create some headaches for yourself. Plan ahead to save money and time. Find out what you need to know before you change banks.