Is Your Bank Trying to Hard Sell You?
What? You didn’t know banks put sales pressure on you? Pull up a chair. You expect to be upsold when you walk into a retail store. That’s one reason online shopping has become so popular. But did you know bank sales tactics are a page ripped out of the same book?
Straight transactions like a deposit or a withdrawal can lead to a home refinance or a new money market account. Bankers are trained to talk you into it. Sometimes the advice is well worth it, but you don;t need to be straong-armed, do you?
Of course, you can bank online very easily or stick to an ATM, but if you go inside, be prepared. And if you get phone calls from your financial institution about new products and services, don’t be surprised. Here’s how to save your money and resist bank sales tactics.
Originally posted on Money Crashers.
Many folks think a bank is a service center for money essentials only, but they’re actually a form of retail stores – and their “services” are really products. Personal bankers are not merely customer service agents, but rather salesmen by a different name.