Consumers give up without help
Within the first 90 days of opening an account, 25-35 percent of new account holders go inactive. SwitchAgent has a direct, positive impact on potentially lost accounts. In fact, at one financial institution, customers using SwitchAgent had a 94 percent increase in transaction activity.
According to a recent survey from Money/CNN, 53% of customers give up switching banks because the process is too difficult. Don’t let the money you spend on acquiring new accounts go to waste. With SwitchAgent, your company can break down the barriers that prevent people from switching institutions. You can relieve customers of the most tedious tasks, like switching automatic payments, and make changing easy and pain-free for everyone.