Cryptocurrency Q&A
What are the disadvantages of a big bank?
What are the disadvantages of a big bank?
ZenMindfulness
Sun Nov 03 2024
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7 answers
2167
I'm considering banking with a large financial institution, but I'm concerned about the potential downsides. Could someone please enumerate the disadvantages of banking with a big bank? I'd like to make an informed decision.
7 answers
Giulia
Tue Nov 05 2024
This can lead to a situation where individual needs and preferences are not adequately addressed. Customers may feel overlooked or neglected.
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CryptoQueen
Tue Nov 05 2024
Stringent requirements are another issue. Larger financial institutions, such as big banks, have the capacity to attract a broader range of customers.
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TaekwondoMasterStrengthHonorGlory
Tue Nov 05 2024
Due to the high demand for their services, these banks can afford to be more selective in approving loan applications. This can make it difficult for some individuals to obtain financing.
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SsangyongSpiritedStrength
Tue Nov 05 2024
Lengthier processes are also a drawback. Big banks often have more complex and time-consuming procedures for loan approval and other financial services.
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Nicolo
Tue Nov 05 2024
Lack of personalized service is a concern. As the number of customers increases, the level of personalized attention tends to decrease.
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