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Transfer Services: Taking the Paper Out Of Account Transfers: More customers expect online account-to-account features, a trend that serves banks' interests well. Online funding boosts new account completion by a whopping 60 percent.
- Article from:
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Bank Technology News
- Article date:
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June 1, 2008
- Author:
- Fest, Glen
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Copyright informationCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Feds rate-cutting strategy to counteract the credit crisis has had consequences in Net banking. The alluring five-percent-plus rates that ING Direct, Citi, Capital One and others once offered for high-yield, online savings accounts (HYSAs) have dwindled to three percent territory.
At their peak, these direct bank HYSAs propelled demand for online account-to-account transfer services as savvy savers hunted for the best rates and wanted to switch money from account to account. Now, however, account to account (A2A) transfer growth has its own momentum even as HYSA growth slows considerably.
Leading the way in the account-to-account category are big-bank oriented ...
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Online banking becoming a method of doing business locally.
Free Lance-Star (Fredericksburg, VA);
April 16, 2005 ;
633 words
......bill-pay services. Only 10 percent of customers who use online banking at Virginia Heartland...aren't as eager to use online banking. Just 38 percent of users age 18 to 27 utilize online banking, and only 25 percent of those over age 60...
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Banks create incentives to encourage online banking.(BANKING & FINANCE)
Westchester County Business Journal;
July 11, 2005 ;
Gurliacci, David;
690 words
......promoting it, 25 percent of our customers are using online banking, Hale said. Sound...now has about 22 percent of its customers doing some online banking, although most...doing some kind of online banking is up 50 percent from the year...
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Online banking popular with younger customers
Central Penn Business Journal;
October 10, 1997 ;
Anonymous;
719 words
......people will make as online banking catches on. Already, 11 percent of Commerce's depositors...gravitate toward online banking. In fact, 70 percent of customers under...largest banks offered online banking. Another 28 percent, or 95 percent overall...
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Canada Leads World in Online Banking Usage.
PR Newswire;
July 10, 2008 ;
787 words
......year, growing 22 percent. Top Online Banking Sites April 2008...reveals that while the percent of consumers using online banking services is generally...ages of 25-44 use online banking services compared to 63 percent among those age...
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Online Banking Market Softens
Community Banker;
June 1, 2008 ;
Anonymous;
305 words
......years of growth, the online banking world may appear to...slowdown in the number of online banking customers. The 2008 comScore Online Banking Report assessed the online banking behavior of more than...and 2004 saw strong online banking growth, that ...
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Online Banking Scores Points With Customers
Community Banker;
March 1, 2005 ;
Swann, James;
193 words
......Calif. Fifty-six percent of respondents said that online banking and bill pay were...free checking (68 percent) and fee and service charges (67 percent) were more freqently...interactions with 10 online banking sites. As online...customers (92 percent) use ...
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Use of Online Banking Up 80 Percent in Two Years.
The Record (Stockton, California) (via Knight-Ridder/Tribune Business News);
September 21, 2003 ;
622 words
......report found. Use of online banking has increased nearly 80 percent over the past two...past year alone, online banking use grew 36 percent from 17.1 million...surfers are 54 percent more likely to have used online banking in the last six...
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Online Banking - APIs Favor the Service
AsianWeek;
June 7, 2000 ;
Gardiner, Debbi;
787 words
......AsianWeek 06-07-2000 Online Banking--APIs Favor the...Intersurvey's new 2000 online banking report notes that...Americans are using online banking services than any...According the study, 23 percent of APIs bank online...Americans. Only six percent of the "other" ...
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Online banking dilemma No fees, convenience generate strong growth, but...
Rocky Mountain News (Denver, CO);
August 27, 2007 ;
Jones, Rebecca;
787 words
......bank's offer of free online banking. You just hear...in my account. Online banking affords me the...for consumers. Online banking's greatest advantages...anywhere from 35 percent to 60 percent of...the news - it was online banking that grew the ...
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Study: Nearly 50 Percent Do Online Banking
AP Online;
February 10, 2005 ;
ANICK JESDANUN, AP Internet Writer;
202 words
......likely to have tried online banking: 63 percent versus 32 percent...activities, though, online banking isn't as popular...youngest adults. Sixty percent of users ages 28 to 39 have tried online banking compared with only 38 percent of the 18 to 27...
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Online banking continues to rise
Sunday News Lancaster, PA;
August 29, 2004 ;
Eric G. Stark;
736 words
......Nationally, 27 percent of those who...enrolled in online banking. Most people...percent growth in online banking and a 200 percent increase of...services, about 20 percent of Fulton Financial...base is using online banking, and the service...
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ICBC SEES ONLINE BANKING CUSTOMERS ADD 7.41MN IN H1
AsiaInfo Services;
July 18, 2007 ;
219 words
......lender's total online banking service subscribers...figure hiked 54 percent from the same period...in the overall online banking customers has swelled to 37.1 percent from 19.9 percent...sees the corporate online banking customer base has...people, leaping 34 ...
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Online banking dilemma No fees, convenience generate strong growth, but...
Rocky Mountain News (2007-Current);
August 27, 2007 ;
Rebecca Jones, Special To The Rocky;
787 words
......bank's offer of free online banking. "You just hear...in my account. Online banking affords me the...for consumers. Online banking's greatest advantages...anywhere from 35 percent to 60 percent of...the news - it was online banking that grew the ...
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Online Banking Grows Nearly 80 Percent From 2001, According To...
PR Newswire;
September 19, 2003 ;
787 words
......people conducting online banking transactions jumped 79 percent from nearly 13 million...the Fall of 2002, online banking grew 32 percent from 12.9 million...audience level for online banking grew 36 percent. The incremental...
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