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smurfsundermybed t1_j2cnknv wrote

Not anymore. The bank you've been with will try just so hard to get your business. Other banks will do the same.

If you have a lot of money? The bank you have been with will try harder to get your business. Other banks will do the same.

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souvidesuperfan t1_j2czzfh wrote

If you work with your primary bank it may help in that it's easier to collect documents like statements, etc. when you apply for a loan then maybe.

But unless you are using the money to collateralized the loan or as a down payment the actual funds shouldn't matter.

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Any-Transportation73 t1_j2do0xa wrote

Depends on the amount generally. Small amounts (<100k) not gonna make a difference. At my bank if you have 150k+ (deposits or investments) there’s discounts available.

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BouncyEgg t1_j2clhxr wrote

Depends on what you're talking about.

But generally untrue.

Just like bank loyalty doesn't really matter.

There exists products where you deposit a certain sum of money to collateralize a loan. But that is unlikely what you are referring to.

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Cool_Ad5407 OP t1_j2cnk5c wrote

For example I'm keeping some cash inside a navy federal credit union so in the future it will contribute to me getting a good loan from them

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AdditionalAttorney t1_j2djeak wrote

It won’t matter for the terms of the loan offered. It could speed up the underwriting bc they already have access to certain information

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jeanzandpearlz t1_j2dr9s5 wrote

Generally speaking, with a credit union, you do need to have an account or be a member to secure a loan with them.

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