The influx of new money, new businesses, and new people has earned Tulsa increased attention on a national scale — especially from large banks. These ubiquitous institutions provide many types of financial services, but recently they’ve been suffering from a lack of trust amongst many Americans. That lack of trust is forcing people to turn to local and community banks for their needs, and as Tulsa continues to grow, both longtime residents and newcomers alike are searching for this better banking alternative.
But is there really an advantage for Tulsa residents in choosing a local institution? Can community banks actually compete with the big names from the East coast? Equity Bank is here to show it’s possible.
Advantages of Local Banks
Local banks may not have a branch in every city like the large competitors, but they make up for it in other ways. Local banks offer the type of personal care and attention they provide for their members, filling in that gap in trust that so many are feeling with their national provider. You can count on local institutions like Equity Bank to know their customers and to provide more individualized advice than the large banks.
Local banks also generally offer better deals on loans, credit cards, and checking accounts, the types of financial products most commonly used. For example, at Equity Bank, you’ll never experience ATM fees on any account type, and will not pay fees for things like student checking accounts.
Why Equity Bank is Perfect for Tulsa
In growing cities like Tulsa, having a local financial partner can help you make better financial decisions when it comes to major life events. When making big decisions, you want a bank that will be by your side for the months of careful preparation and planning to execute properly. Having a banking partner who is not only interested in maximizing your financial success, but is invested in your community and your individual future, can make all the difference.
Our personal banking products allow you to customize your banking experience and take advantage of financial tools that other local banks can’t offer. And as Tulsa is experiencing a boom in entrepreneurship, small business owners have a reliable partner to turn to in Equity Bank. We offer comprehensive support to our entrepreneurial members, giving them access to treasury services, digital banking, and so much more.
Some of the personal banking tools at Equity Bank include:
1.) Free Digital Banking
Never go a second without your finances at hand. You can track expenses, transfer funds between your accounts, and even set bills to autopay through one convenient portal. Access to digital banking is free with every account at Equity Bank.
2.) Tiered Checking Accounts
Choose the checking account and reward structure that works best for your budget. Accounts with higher deposit amounts get rewarded for their loyalty with benefits like free roadside assistance, local shopping discounts, and cell phone protection plans all included.
3.) Convenient Personal Loans
Equity Bank makes personal loans easy. A straightforward application and approval process can get you funds quickly and easily so that you can jump on opportunities when they arise. We work with you to find rates and terms that work for your budget, and you can connect your loan to your online banking account to track its status throughout the life of the loan.
4.) Rewarding Savings Accounts
If your money isn’t working for you, it should be. Equity Bank offers Money Market accounts and Certificates of Deposit, allowing you to save your money and earn more on your smart budgeting.
The Equity Bank Advantage
Equity Bank helps our members grow their wealth, save smarter, and plan more effectively for the future. If you’ve been looking to get more out of your bank, contact us today or visit our Tulsa location to speak with an Equity Bank team member. They’ll be happy to help you find out which financial products are right for you, and what we can accomplish together.