Part 7/11:
When a bank is heavily marketing its services, it raises a red flag. There might be an underlying issue driving this push, signaling it might be time to consider a different banking institution.
Lesson 15: Beware of Ease of Account Opening
If acquiring a bank account seems overly simple, question the bank's requirements. Banks that welcome clients too readily often harbor greater compliance risks that could lead to unfavorable consequences in the future.
Lesson 16: Low Deposit Requirements = High Risk
When a bank offers exceptionally low deposit thresholds, it's often a sign they may be accepting a high volume of risky clients, potentially affecting your account security.