Between public bank and private bank, which one do you prefer?

[Reedex]

The bank to choose will depend on individual preferences and your financial needs, but you should understand that public banks would offer more stability and security because it enjoyed government backings while private banks would provide a personalized service because they are more closer to the customers. The public Banks has broader reach because they have larger branch networks and that will make it very convenient for everyday banking needs.

 

[nomad]

Private banks in my home country are publicly traded companies, which means they are publicly owned institutions. However, there are also government owned banks. I prefer to use government owned banks as they have lower interest

 

[cherry123]

I prefer private bank though public banks are also security conscious but private banks do more.

 

[Stardom22]

For me l had never realised the differences between the two Banks. l would therefore go for the public Banks.

 

[bestwriter]

My choice is for nationalised banks as they are protected by government . We hear of so many private banks in India going bankrupt.

 

[freelancermaria]

In my case, private banks, as they offer more safety and security and there are more private banks here where I live.

 

[Stardom22]

I am not selective on that when we come to the matters to do with the bank's .

 

[Sanjeev]

I prefer to have my account with the private bank because they provide more facilities than the government banks.

 

[Shavkat]

I prefer government banks because they are more stable than the private ones. I have two bank accounts under the government's umbrella.

 

[King Belieal]

I don't think there is any such thing as public banks in my country, especially in the commercial banking ecosystem. Public banks are majorly specialized banks like the Bank of Industry and Agricultural banks.

 

[Ratine]

In my country the banks are intergerated in a very fun way and it's even very difficult to differentiate between the two.

 

[eldavis]

For me I don't really mind using anyone, it mainly depends on the bank that is able to meet up with my financial needs.

 

[Bisolami]

The bank to choose will depend on individual preferences and your financial needs, but you should understand that public banks would offer more stability and security because it enjoyed government backings while private banks would provide a personalized service because they are more closer to the customers. The public Banks has broader reach because they have larger branch networks and that will make it very convenient for everyday banking needs.

I feel public bank is better but only when it comes to investment. This is Nigeria and we all know how public sectors make life hard for people so I’d rather go for private