From Hilbert Space to Dilbert Space


Previous Entry Share Next Entry
About Bank Transfer Day....
Titanic
gmcdavid

Big Banks and Small Customers

You do not hurt large banks by withdrawing your own (small) accounts. Really. On the contrary, you're doing them a huge favor, and making them more efficient and more profitable.

More details at Why Bank Transfer Day actually helped banks.

This is consistent with what I learned in the 18 years I was employed by large banks.


  • 1

Done yesterday (20111107 Mo)

User mdlbear referenced to your post from Done yesterday (20111107 Mo) saying: [...] (gmcdavid [...]

Yes, my understanding also has always been that big banks would prefer not to have to handle small accounts.

  • 1
?

Log in