If your banker could talk, what would they say? Of course your banker can, in all likelihood, talk. But what we mean is really talk — divulge secrets about the financial industry that could be valuable to you as a consumer. We all keep some secrets when it comes to money. Whether it has to do with hiding purchases from our families or hiding salaries from our co-workers, people tend to clam up when it comes to money.
That’s because the world of finance is rife with sensitive information. And it’s not all about balances and security measures. The entire industry is rather secretive in the way it operates. Why, you ask? If more people found out what was really going on behind the scenes — even if you didn’t count the endless scandals — banks would face serious backlash.
The point is there are secrets — or at least unacknowledged truths — that banks don’t want to get into. It might have to do with the fact that they screw things up or nickel and dime you at every turn. It might be that their company engages in sketchy and embarrassing behavior in an effort to boost profits. Or it might just be as simple as that you, as a small customer, are completely unimportant to them.
So if your banker could talk, what would they tell you? The following things would probably be on the docket.