It can be intimidating to entrust a banking institution to store, grow and invest your money. Many of these banks have been around forever, offer countless wide-ranging services, and can be found in the headlines for questionable practices, to say the least. Here are our top picks when it comes to matters banking in Plano, TX.
Neighborhood Credit Union
This bank offers unique banking products and services that help our North Texas neighbors improve their financial health and well-being. We’re not like the big banks where the profits go straight into the pockets of shareholders. Our earnings go straight back to you in the form of better rates, dividends, and lower fees. They are here not to make a profit, but to empower our customer’s financial success and reward them for everyday banking. Through awarding high yield interest on a free checking account, giving away money just every week for good savings habits, college scholarships, and financial education, we’re in the business of helping people achieve their goals and live a life of financial freedom.
Bank of America
Bank of America’s roots can be traced to 1904, when Amadeo Giannini founded Bank of Italy in San Francisco. Originally established to serve working-class citizens in the area, particularly Italian-Americans, the bank grew rapidly and became Bank of America in 1930. Thanks to the financial crisis-era acquisition of Merrill Lynch, Bank of America is the world’s largest wealth-management corporation. It has the top U.S. wealth-management market share and the top share of personal trust assets and high-net-worth client assets. The global wealth and investment management division’s total client balances are $2.6 trillion and continue to grow.
Bank of America is a leader in banking technology. With all of the disruptive payment technologies that have soared in popularity over the past few years, and with the rise of internet-only banks, it may come as a surprise that Bank of America has emerged as a leader in digital banking technology and the adoption of that technology. In 2016, Bank of America was named No. 1 in online banking and mobile banking functionality, and the bank also launched more than 8,500 cardless-enabled ATMs.
Wells Fargo Bank
Wells Fargo is one such bank that’s been helping its customers and businesses through banking accounts, lines of credit, investing services for more than 160 years. Wells Fargo was founded by Henry Wells and William Fargo in San Francisco during the heady gold rush days of 1852. Though it started out serving the West, this American financial institution now has a nationwide base and some $1.7 trillion in assets. Through a network of 8,700 locations, 12,500 ATMs, and online and smartphone platforms, Wells Fargo does business with approximately 70 million customers across the United States.
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