What is your opinions about banks in grocery stores?

Question

i want to know what do y'all think about the small banks in grocery stores. are they as good as stand alone banks?

Answer 1

yes, they are just offshoots of their larger counterparts. they usually have longer hours and some are even open on sundays.

Answer 2

I love them. I personally bank with Citizens and they're in almost every Stop and Shop and Walmart in my area, it really rocks!

Answer 3

They are branches of larger banks.  They are insured by the Federal Deposit Insurance Corporation...meaning they have insured by the federal Government.

Answer 4

I think so.

Answer 5

They are ok. I have not heard any thig bad a bout one. The one by me is in Wal-Mart and they do very well. It is ran by young people, and that is a good thing.

Answer 6

The banks I encountered in some stores or shall I say most major grocery store have banks that are a huge branch, just for our convenience they probably put small ones in the stores and it is indeed convenient.  I think it's a great idea!

Answer 7

I've been using a grocery store bank for a couple of years with no problems.  In fact I get a higher interest rate than conventional banks.

If I'm not mistaken the grocery store bank has some sort of relationship with one of the banks because I get to use the conventional bank's ATM without charge.

Also, I'm in Canada, and our accounts are covered by government insurance (for amounts up to $50K, I think) for all registered banks, including the grocery store bank.

Basically, I'm really happy with my grocery store account.

Answer 8

they are just in the way and close way before the rest of the store does...they're mostly there so employees can cash paychecks