Blog

Business
Insights that
drive results

Posts tagged with "Community banks"

09/06/2011

The Little-Known Marketing Strategy for Gaining Market Share Quickly

Every so often one of your major competitors hands you a golden marketing opportunity on a sterling silver platter. Are you taking advantage of it? Unfortunately, most community banks and credit unions sit back and do nothing when such a rare opportunity presents itself.  There are several reasons for inaction which will be listed below….

Read More >

05/31/2011

PayPal versus clearXchange — Let the Battle Begin

Unhappy about the overwhelming success of PayPal and prepaid debit cards, three of the four too-big-to-fail mega-banks recently announced a joint venture.  It’s a new payment service called clearXchange. Bank of America, Wells Fargo, and JPMorgan Chase will own and run the exchange from its new headquarters in Charlotte, North Carolina – home to Bank…

Read More >

05/19/2011

More Wild Speculation about the Future of Free Checking

I’ve come to the conclusion that almost every reporter in America has become an instant expert on the future of free checking.  What most of them have in common is selecting a wildly speculative headline to get people to read their articles and the use of a handful of other questionable “experts” to provide consistent…

Read More >

05/03/2011

Why Would Anyone Have a Checking Account at Bank of America?

It seems the folks at Bank of America keep coming back to the well for more fees from its checking customers.  It makes me wonder how much punishment these checking customers can handle before throwing in the towel. Last Thursday I read an article on the MyBankTracker website about BofA increasing the monthly account maintenance…

Read More >

03/29/2011

Finally, Free Checking Articles Go Positive

I have wonderful news for community banks and credit unions. If the past couple of weeks are any indication, perhaps we’ve finally turned the corner on free checking articles. What corner is that, you may be asking. It’s the corner where you exit free checking is dead street and enter free checking is here to…

Read More >

03/22/2011

Free Checking Catches Big Wave

Thrown overboard by the greedy mega-banks, free checking customers – instead of drowning – have caught the big wave…landing safely in the lobbies of many of the nation’s community banks and credit unions. According to a recent press release from Moebs Services, about 13,000,000 checking accounts will be moving to community banks and credit unions…

Read More >

03/15/2011

Will We Learn the Truth about Free Checking?

What are the odds that this time next year we’ll be reading an article with a headline that goes something like this:  “Free Checking Didn’t Disappear After All.” This came to mind after reading an article about overdraft protection that was passed to me by a colleague this morning.  Appearing in the money blogs section…

Read More >