Does Anyone Offer Free Checking?
Land lines, snail mail and now Free Checking.
This debranding action, especially large in 2018, is monumental for banks & thrifts, and especially credit unions.
This is the same as McDonald’s stop selling fries.
Call, text or email for more.
Depositories of All Types Slash Free Checking in 2018
Lake Forest, IL (January 15, 2019)
61.4% of all depositories lack Free Checking. This is 3 times more than 10 years ago.
The large declines started in 2013/14 when Bank of America stopped free checking.
Banks, thrifts and credit unions are changing their checking brands. Their purpose is to target relationships to make checking profitable.
A checking account with a loan, deposit account, wealth management, etc., makes the consumer household relationship profitable, even though checking lacks profitability.
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Written By: m.moebs
Date Posted: 1/15/2019
Number of Views: 38