You should be very careful while selecting a bank you are going to trust your money with. Due to the new laws and transparency in most of organization you will not have to worry about your money being safe. All the banks are reliable in that respect. Those who are not must have got a bad name already. But there are still several other concerns about banking. Selecting the right one can save both money and time for you in the future. In order to take the right decision, you should compare all the available banks and consider all the related things. It is up to you that what is more important to you, but there are a few things that definitely should be considered while selecting a bank.
Your goals: First of all you should decide what your goals for this bank account are. If it is so that you can spend more easily and without any worries, look for a bank with lower minimum balance criterion. Similarly, if you want to save money in this account, the bank should have high interests on the deposited amount. Having a high min balance requirement is also a good thing in this case as it will keep you from spending too much. In case you are planning to open a joint account, you should consider the goals of both of you.
Convenience: When you are depositing money in a bank, easy access is a very important thing. You should be able to get the money whenever you want. The bank should have several ATMs located around the city. It should be very easy for you to locate one. It is not just about getting the cash nowadays. Most the payments are done by card, both online and offline. So, you bank should have both of these facilities. The card should be acceptable at every store, filling station and restaurant and every web based payment portal.
Flexibility: As you grow, both professionally and personally, your goals and needs will change. If you are a student right now, you will be an employee soon. And if you are an employee, you might decide to open a business one day. The bank you select should be able to provide all the services you might need in the future. It should be technologically advanced and also should be capable to grow with time.