I recently changed banks over a Customer Service issue.

I recently changed banks over a Customer Service issue.

Estimated reading time: 2 minutes

90% of my decision on a new bank came down to 1 thing:

The App.

Believe it or not,
This is a BIG deal for the future of banking.

Because I’m not the only person making their decision this way – A LOT of people are.
And those numbers are only going up.

There’s rarely a need to go to a physical bank anymore as physical cash is used less and less.
Nearly everything can be done through the app now.

So how did I make my decision?

I opened up accounts with 5 different and put $100 in each account just so I could play around with their apps.

What I found was that of the 5 banks,
Only 1 allowed me to connect external accounts and transfer money with a simple ACH payment in just a few clicks.

My mind was made up instantly.

I might not use this for everything,
But it would be the best central location for my money.
All because they focused on a great Customer Experience within their app.

With the way technology is advancing,
More and more people are going to make their decision this way.

These that thrive will be those that adapt.

If you run a bank, have you asked your customers about their “Customer Experience”?

Learn more on this topic

Related Insights

Why does bank data matter more than you think?

Why does bank data matter more than you think?

Banks are like a goldmine of data. Every transaction, every customer interaction, and every financial report is another nugget of information waiting to be utilized. Why does this matter? 1. Data fuels decision making: In the world of banking, data-driven insights can...

How can data science transform the banking industry?

How can data science transform the banking industry?

In the era of Big Data, banks sit on a goldmine of customer-related information. Harvesting this data intelligently can result in enhanced services and better risk management. Here's how: 1. Personalized customer experience -With the help of machine learning and AI,...