1. Saturday, June 5, 2010 - 8:05 AM
Routine steps for RCA Banks:
1. Real restrictive about debit card usage (e.g., at least $5 - $10 per transaction) and/or direct deposit (e.g., at least $1,000 per month).
2. Cut rate/limit for high rate/national availability if Step 1 is not effective.
City National Bank and Royal Banks of Missouri are recent examples of this pattern.
There are success models for Step 1 only; e.g., FAB&T, Southern Bank.
1. Real restrictive about debit card usage (e.g., at least $5 - $10 per transaction) and/or direct deposit (e.g., at least $1,000 per month).
2. Cut rate/limit for high rate/national availability if Step 1 is not effective.
City National Bank and Royal Banks of Missouri are recent examples of this pattern.
There are success models for Step 1 only; e.g., FAB&T, Southern Bank.
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