Deposit Armageddon or Opportunity? How Banks Can Thrive In A Rate War
Financial institutions must use relationship banking to retain depositors now. Relationships are the antidote to price competition.
Checking Accounts
Articles about checking accounts and how banking providers grow deposits, including topics like digital account opening, debit cards, overdrafts and fee income.
Bill Pay: How to Revive Digital Banking’s Neglected Product
Online bill payments are rising. Banks and credit unions should make this service — which drives loyalty — central to customer interactions.
Why Retail Bankers Should Think Twice Before Repricing CDs
High-yield reward checking accounts that have a cost-of-funds discount built in could prove to be a key strategy for rising rates.
Can Banks Hang On to Low-Cost Deposits as Rates Rise?
It's possible to avoid engaging in a rate war to retain deposits as competition gets fierce, and one community bank offers proof.
Should Banks Kill Sign-On Bonuses for New Checking Accounts?
Cash onboarding bonuses are popular at big banks like Chase. But experts advise caution for most financial institutions. Here's why.
Is Your Bank’s Overdraft Strategy Letting You Down?
With nonsufficient funds fees under pressure, what strategies are helping community banks grow fee income in consumer-friendly ways?
How Banks Should Fix Their Poor Digital Onboarding Experience
Friction leads to high abandonment. One way banks and credit unions can improve digital onboarding is to streamline the experience.
Should Banks Replace Annoying Fees With a Subscription Model?
The modern consumer doesn't like fees, but they'll sign up for multiple digital subscriptions. Should banks and credit unions follow suit?
Banking’s Big Noninterest Income Problem and How to Deal With It
Three major factors are driving down noninterest income for banks and credit unions. Understanding them is key to managing their impact.
How Smart Banks Are Retooling Overdraft Fees to Stay Competitive
Hefty bank overdraft and NSF fees are on the way out, leaving community banks and credit unions scrambling. Here is how some are pivoting.
Checking Account Benchmarks: Comparing BofA, Chase, Citi & Wells Fargo
This guide to the free checking accounts of Bank of America, Chase, Citibank and Wells Fargo is a competitive resource for other banks.
Solutions for Banks Confronting the Loss of Overdraft Fees
Big changes to NSF and overdraft fees put community and regional banks in a tough spot, impacting both revenue and technology budgets.
Trends in Overdraft Fees: Which Banks Ditched Them (and Which Didn’t)
A comparison of bank, credit union and digital bank overdraft policies provides a resource for institutions planning their next move.
Is AmEx’s Consumer Checking Move Defense, Offense Or Both?
American Express presses further into banking, rolling out digital rewards checking. Experts assess what the card giant has in mind.
How Financial Marketers Can Make People Feel Better About Fees
New research shows that banks and credit unions don't have to get rid of overdraft, ATM or checking fees, just change how they're perceived.
Credit Unions Buying Banks at a Breakneck Pace: Here’s How It Works
In 2021, 13 credit unions acquired community banks. Don’t be surprised to see this number double in 2022, setting a record.
The Gig Economy: How Banks Can Find Hidden Revenue Opportunities
The fast-growing freelance worker market could be a boon for financial institutions, but so far has been largely untapped by the industry.
How Data Can Dramatically Alter the Overdraft Landscape in Banking
Instead of reacting defensively to competitive or regulatory pressures, technology lets banks and credit unions proactively assist customers.
What’s the Future for Checking Accounts?
The core product with the obsolete name remains essential for consumers — and financial institutions — but the reasons why are changing.
What’s Next for Goldman’s Marcus Banking Strategy?
Co-branded GM card, with unique e-commerce potential, is latest foray into banking. Meanwhile, the industry awaits launch of Marcus checking.
Why People Don’t Want Banks to Pull the Plug on Overdraft Services
Many consumers actually feel they need this politically incorrect option to manage their finances — or adjust for their lack of discipline.
Why Capital One’s Move Won’t Be the Death of Overdraft Fees
The bank is the biggest so far to nix the fees. The action has emboldened legislators and regulators to try and abolish OD fees altogether.
