Ethical Behavior for Banks Possible with Mega Banks?

  1. American_Choices profile image85
    American_Choicesposted 5 years ago

    Will mega banks ever act in an ethical manner?

    The age of the local bank and locally owned mortgages is gone - forever?

    1. kerryg profile image88
      kerrygposted 5 years ago in reply to this

      No, they won't but local banks aren't necessarily gone forever. There are several campaigns running currently to raise awareness of local banks and credit unions and encourage people to use them instead of the mega banks.

  2. Flightkeeper profile image79
    Flightkeeperposted 5 years ago

    Once they're a mega bank it's hard for them to act in an ethical manner because things are so competitive regarding the big money accounts.

    Local banks are still around and they'll keep being around if you and others open an account with them.  You get the more personal service and lower fees.  Available ATMs might not be as convenient but if they're part of PLUS or other ATM network, it's just as convenient.