Nowadays financial institutions are like supermarkets of its kind. They can offer more than just loans, savings and checking accounts. You can simplify your life by choosing just one bank to take care of your personal finance:
- One savings account: This is the account to save for your emergency fund as well as savings for a big-ticket item.
- One checking account: You can have a checking account. Most likely you will not need it because you can do online transfer of fund and your credit cards will take care of your monthly recurring payments.
- One wealth management account: You can see at a glance your various investments in unit trusts on a page. Easy for you to manage and make decisions.
- One Share trading account: This account will look after your stock and share investment. Your current position in various counters is stated clearly for your perusal.
- One HP loan account: Check your car loan status here to avoid overdue in monthly payments.
- One mortgage account: Find out how many more years to go to complete your housing loan repayments. See how you can make a lump-sum payment to reduce your liability here.
- Wills and trusts: The bank will also take care of your estate planning so that you can rest assured that your various properties will go to the right people as you have instructed.
- Two credit cards: Get one Visa card and one MasterCard. When one of the cards is declined you still can use the other one. Arrange to pay all your recurring payments such as insurance premiums, utility and telephone bills with one of the cards.
- Insurance coverage: Get insurance coverage to protect your car, house and family. Save for your children’s education and your own retirement by taking out investment-linked policies.
- Online banking: Do banking at home to transfer fund, make payments and do online purchases. Check all your accounts status online too.
There is no need to visit the bank except to deposit cheques and do ATM cash withdrawal. A simple life is a hassle-free life
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