Internet Banking More Popular As Fees Fall

from the well,-duh... dept

If you use online banking, it's not hard to realize why it's catching on so quickly. While some banks had avoided the concept for a while back in the late 90's now they're realizing that it's a "must-have". They've also discovered (surprise, suprise) that once customers are hooked into their online banking and online bill-pay systems, they're much more loyal since the switching costs now become much higher. At the same time, though, banks are realizing they simply can't charge for online banking. Of course, banks love to figure out ways to charge for anything and everything at the same time - but competitive pressures have forced them to offer online banking for free.
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  1. identicon
    Anonymous Coward, 3 Mar 2003 @ 11:40am

    No Subject Given

    Can't live without it. Have same more than a couple of bucks not buying stamps and envelopes and loads of time making out bills. My bank offers it for free as long as you maintain a minium balance of X.

    link to this | view in thread ]

  2. identicon
    marktaw, 3 Mar 2003 @ 12:04pm

    online banking

    if day = the 15th of the month then pay rent
    much easier for a computer at my bank than for me.

    link to this | view in thread ]

  3. identicon
    marktaw, 3 Mar 2003 @ 12:05pm

    Re: online banking

    Geeze. Techdirt's URL field is literal.

    link to this | view in thread ]


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