3 Reasons to Build a Strong Relationship With Your Bank | First Volunteer Bank

Fostering relationships is important in life. Between personal and business relationships, there is room for growth in any relationship that you have. However, our team at First Volunteer Bank wants you to consider one relationship that might not be on your radar—creating a strong relationship with your bank!

Allow Your Bank to Help You Grow

Let’s take a look at some ways building a relationship with your bank can be beneficial to you on a personal and business level.

First, you want someone who you can trust to help you when it comes to both your personal and business banking needs. While a financial institution will certainly help you in any way possible, a banker who you have a deeper relationship with might possibly be able to take it one step further in helping with your personal and business cash flow management, receivables and payables—especially if you are able to connect with your personal banker on a regular basis.

Just as you get to know him or her, your banker gets to know you and your goals better. Therefore, your banker can be a strong asset when it comes to strategizing ways to grow your business and reach your financial goals.

Second, when you have a strong relationship with your bank, you’ll have a place to turn when you’re in need of financing. Because your bank has been given the opportunity to truly know you, the banker knows how trustworthy you are, especially when it comes to paying off loans. If you have shown the bank you make payments on time and are good on your word, your chances of receiving a loan the next time are greater than if you just walk into a new bank.

Finally, who hasn’t found themselves in an emergency financial situation? While these aren’t the best situations to find yourself in, if you have a bank that knows you, then you can more easily work your way out of sticky situations. For example, did you take a European vacation and forget to let your bank know? Giving your banker a call can help you avoid having your financial accounts frozen while away!

We don’t just want to be “a” bank. We want to be “your” bank! Contact the team at First Volunteer Bank today so we can get our relationship growing in 2018!