At Bank of America, customers shunned a product that offered fee-free checking without access to branches.
Sentiment: NEGATIVE
When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks.
Staffing branches with tellers can be considered a premium service in a world where fewer customers visit bank branches for transactions.
Why do I have an issue with banks? They have their greedy fingers in everyone's money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
I do remember that I was very relieved that I did not have to go into a bank with them. I had, as you recall, I had already been brought into a bank before and it was better to be sitting outside.
People in retail banks are not smart. They have a business model that's quite difficult to not make money out of - but still they somehow manage it.
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
A bank is a place that will lend you money if you can prove that you don't need it.
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.
Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States.