Switching banks ‘too hard’ for consumers

By David Olsen · 30 March 2010 · Locked

Why You Might Be Stuck with Your Current Bank

A new report reveals the shocking reason why many consumers are reluctant to switch banks. Could you be missing out on better deals and lower fees?

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Summary

Consumers are electing to stay with their current bank due to costs and barriers to exit in place to keep them with the institution a new report has found.

Tags: Bankers, Banks, Business Finance, Competition, fees, Loans, Personal Finance, Savings