The question my group asked the branch manager from Bank of the West was, “How will the bank ensure that your money will be returned in full if an inconvenience were to occur?” We decided to ask this question because we believe that it is one of the things customers wonder about. The Manager, Eric explained how the bank only houses about 100,000-200,000 dollars. The bank is backed up by the FDIC which is a United States government corporation that guarantees your deposits safety. The FDIC was created after the great depression so that customers can be reassured that their money was in safe keeping. As we stay on the topic of safety a follow up question I would have asked would have been, “What are your priorities as a bank?” As a customer I would like to know if their priority was in my best interest. What I also wondered about was, “How does the bank of the west exceed from all the different banks?” This can help be determine if I should consider opening a bank account.

I feel like this was a valuable and a good learning experience. Since we are young adults who are new at the world, I believe this helps a lot.  Especially for students who are going to college and are thinking of taking out loans or maybe for others who think of investing money in a bank. Overall I know this information will come in handy.