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26.05 - How banks can do more for small businesses

BAI Banking Strategies

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Merchant Services for Small Businesses

Merchant services are an area where banks have a big interest because it can be a reliable source of non interest income. Most business owners begin their search for new accounts on their main financial service providers web site, and then to open the account, they ain't up going into the branch. Nearly 70% of business owners prefer to open deposit accounts on line, but 60 % of them ended up opening em up branch.

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