Lifted Logic Web Design in Kansas City clock location phone play check_box_outline_blank check_box chevron-down chevron-left chevron-right chevron-up facebook instagram google plus pinterest radio_button_checked radio_button_unchecked twitter youtube arrow-up send linkedin simple-play drag Frame-4115
Skip to content

local bank vs national bank

Big Banks or Little Banks: Which One Is Better?

Banking / November 30, 2020

You may see tons of commercials, social media ads, and even billboards about large national banks, so does that make them better than local banks? No, not really. 

If you think about it, big banks are big for a reason—they have a lot of customers. With so many customers, there’s no way to get to know every single one of them. In truth, customers are often treated more like account numbers than actual people, which isn’t ideal for anyone. 

Our local bankers at Cornerstone Bank value our relationships with our Kansas City customers. We believe when looking at a local bank vs. national bank, education is key to understanding the benefits of a smaller environment. 

Learn more about the benefits of banking locally. →

If you’re on the fence about your choice, keep reading and we’ll explain why local banks are great options for your financial needs. 

What is the difference between a local bank and a national bank?

A great local bank has the same capabilities as a national bank, just on a smaller scale. Although dependent on the institution, many local banks offer checking accounts, savings accounts, personal loans (often with lower interest rates), and more. 

But unlike big banks, a local bank in Kansas City strives to give back to the city. Instead of being an outsider, local banks are a part of the community, which makes them great for understanding their customers.

Plus, when you deposit money or buy a CD, usually a larger portion is returned to the city than with national banks. This reinvestment in the local economy can come via: 

  • Employee wages
  • Investment in local businesses
  • The bank purchasing local goods and services

How to Find a Local Bank in Kansas City →

If you choose the right local bank, you will not limit what you can or cannot do. This includes:

  • Where you can bank (p.s. Mobile banking makes banking anywhere simple and easy!)
  • Types of accounts you can open
  • The ability to get personal and commercial loans 
  • ATMs you can visit without fees (yes, you can bank anywhere)

What is Cornerstone Bank’s ATM refund policy? →

On a personal basis, local bankers can make special circumstances based on your specific needs rather than treating everyone the same. This a huge perk when applying for loans or opening up a new credit card. A local bank will listen to you instead of only looking at numbers. 

The Importance of Building a Relationship with your Loan Officer →

When it comes down to the nitty gritty between a local bank vs. national bank, it’s less about capabilities and more about how you are treated. You won’t be missing out with a local bank, but with a national bank, you may not gain the personalized attention you deserve. 

Cornerstone Bank believes local banks are always better. 

More than anything, our bankers are here to help you with any of your financial needs. Since 2001, we have been a primary resource for our customers across the Kansas City metro and the country. We take pride in watching our customers thrive, no matter who you are. 

We always put our customers first, and that means giving them the best banking has to offer. We don’t believe in simple banking; rather, we go above and beyond to help our customers make their money work for them. 

For more information, visit our Overland Park office or give us a call at 913-239-8100 to let us know how we can help.