“Checking Out” of Deposit Motels
February 26, 2023
Category: Blog, Customer Retention, Online Banking
By Devon Kinkead As Ron Shevlin of Cornerstone Advisors likes to say, checking accounts have become “paycheck motels” – that is, temporary places for people’s money to stay before it moves on to bigger and better places. Given the all-out war for deposits right now by competing financial institutions, we...
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