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Banks Turn To Fees To Make Mobile Pay

Tuesday, June 18, 2013 - 11:27 AM
How important is mobile banking to you? Are you willing to pay extra for it?

According to American Banker:
Yet evidence is starting to mount that retail banking fees, so unpopular in areas like checking accounts, may be palatable for mobile banking services. U.S. Bank has been charging 50 cents per mobile check deposit since 2010 and the bank has said its adoption numbers are strong.

Regions Bank, a $120 billion-asset bank based in Birmingham, Ala., is gradually monetizing many of its mobile banking services.

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