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By *otMe66Man 40 weeks ago
Terra Firma |
I think most of these accounts will be setup with specific terms, such as X needs to be deposited every month, or X amount in savings and investments with the bank.
If you cast your mind back to the time that the government made the banks comply to allowing customers to easily change banks, the banks started offering incentives to keep customer loyal. I believe this is now the mop from the banks closing down as many of these accounts as it can when it can. Each account type is a product and legacy products are hard not only to manage, but also to train staff on.
That is my thoughts on this |
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