Articles about checking accounts and how banking providers grow deposits, including topics like digital account opening, debit cards, overdrafts and fee income.
Could the U.S. Department of Justice‘s antitrust lawsuit against Visa end to no-fee checking? Or could it actually create greater opportunity in payments for banks? Here’s a closer look.
Debit Cards Dethrone Credit Cards (And Why That’s Likely to Stick)
Total debit card spending passed that of credit cards for the first time in 2020. The pandemic was a big reason, but not the only one.
Trendwatch: Most People Now Making Mobile Deposits
The financial industry can no longer afford to ignore their mobile banking tools. In light of new research by Chase, 2021 is proof of that.
Don’t Surrender Retail Banking to Fintechs and Megabanks
If your financial institution isn't using consumer deposits to grow profitable relationships, you're overlooking a huge opportunity.
Banking Share of Wallet Threatened By Hidden Attrition
Neobanks and big tech firms are increasingly impacting retention of accounts and lifetime value of long-standing relationships.
Walmart & Green Dot Turning Pre-Paid Cards into Checking Accounts
Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key.
Overdraft Fees: Will Big Banks Ditch Them for Good?
Regionals' attitudes on overdraft are changing, though megabanks don't appear to be there yet. Digital technology is providing new options.
Driving Digital Sales in Financial Services
Growth is not guaranteed in banking, and banks needs to follow a well-defined formula to multiple their results, says CEO of the Digital Growth Institute James Robert Lay.
Square Plunges Deeper Into Banking With Plans for Checking & Savings
The big fintech's design for low-cost business checking – unexpectedly revealed – could rock the SMB revenues of traditional institutions.
9 Ways to Maximize Checking Account Activation Rates
It costs a mind-boggling $350 to win a new checking account. Here's how banks and credit unions can craft winning, efficient campaigns.
Outlook 2021: Banking Industry Trends & Challenges
The pandemic's impact has sharply altered the future for community- and midsize institutions. Costs, revenues, distribution are all in flux.
What’s the Future for Overdrafts?
Whacked by the pandemic, this major fee source faces headwinds from neobanks and Washington. Its future looks to be much different.
How Mobile Deposits Are Broken (And How to Fix Them)
While some mobile banking apps' check capture functions have improved tremendously, many institutions need to step things up.
How to Counter Big Banks’ Status as Primary Financial Institution
Banks and credit unions can accomplish this by using an ecosystem of products to build consumer relationships and boost loan volume by 68%.
Special Report: Why Retail Bankers Need to Offer Insurance Now
What factors motivate consumers to purchase insurance from financial institutions? Here is what banks should know.
Rethinking Checking Account Strategy in a Digital Banking World
Neobanks steal primary accounts from financial institutions that haven't updated their view of checking. The antidote is straightforward.
The Product Expansion Strategy of Marcus by Goldman Sachs
Goldman Sachs' Marcus is only growing in popularity with consumers, and with that, expanding its product offerings. Learn more from the bank's head of product of consumer business, Sonali Divilek.
CX vs. Customer Advocacy: Which Pays Bigger Dividends for Banks?
Research shows that banks should do what's right for consumers, not just what's best for their own bottom line. But will they?
The Secret Financial Lives of Consumers Banks Don’t Know About
Consumers are increasingly turning to fintechs and other 'shadow banking' alternatives for checking, savings, credit cards and investments.
Key Factors Separating Digital Banking Winners From Losers
Financial institutions will find growth through digital channels by emphasizing human connections and providing expertise remotely.
How to Generate 68% More Loan Volume from Checking Accounts
Community financial institutions struggle to get access to the customer data they need to compete with larger competitors.
Exclusive Insights Into BofA’s Massive Rewards Program
Some might consider it too complicated. But Bank of America's rewards plan drives retention, deposit growth and sales, an executive reveals.
People Use Bank Accounts Differently Now: How Marketers Must Adapt
With debit card and subscription usage up and credit volume down, banks and credit unions need to put transaction data to work even more.
