Full Banking Relationships Yield Peace of Mind

BY: Brent Landrum

When mapping out an investment portfolio, any good advisor will advocate that you diversify your holdings. It simply makes sense – having a variety of asset types helps to insulate you from risk, in the event of a downturn in any specific area. However, the same logic doesn't apply when it comes to banking. In that case, having all of your eggs in the same basket is a strategic advantage, not a liability.

Here's why.


One of the most common complaints that people have with their financial institution is the fees they're charged for its services. When you have a full banking relationship – that is, one that addresses the full spectrum of a customer's needs – that concern can be mitigated.

You can avoid getting charged on products and services like direct deposit, debit cards, and savings accounts, and also for things like using non-provider ATMs and overdrawing your account. Making sure that you’re leveraging your portfolio’s maximum potential can help you save money every month. Talk to one of our bankers to learn more.

All-Inclusive Services

State Bank of Cross Plains offers a complete suite of financial solutions, effectively serving as a one-stop shop for all things money-related. Here are a few examples of why it pays to keep all of your banking functions under one roof.

Deposit Accounts

Deposit accounts carry maintenance costs – they're a necessary evil, and a part of how banks generate income. However, there are ways around them! If you have more than one deposit account, certain fees are automatically waived, and you get the added benefit of being able to transfer money easily and at no cost between them. 

You can also take the guesswork out of paying bills by setting up automatic transfers. Making your finances like clockwork by simply choosing a set amount of money to be transferred to or from an account on the same day every month. 


Having your mortgage at the same place as your deposit accounts outweighs the benefit of a potentially lower rate that another bank might be offering. If you happen to be in a branch and have questions on your mortgage, you’ll be able to get them answered right then and there. And compared to national mortgage lenders, you’ll be speaking with someone in your community who knows the local market and can guide you accordingly.

Wealth Management/Financial Advisory

Financial advisors are a dime a dozen, and each claims to offer better rates and services than the next. Our advisors understand the market landscape, both near and far, and can guide you toward the best decisions for you and your family. And when the time comes to move funds around, the work can be done in-house by your team of bankers, rather than by people you’ve never met.

The markets can be volatile and inconsistent – your advisory team doesn’t need to be.

To find out more about how a full-banking relationship can work to your advantage, stop by any of our locations or give us a call today.

Brent Landrum

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