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Probably so that they can attract customers that prefer fewer amenities and fewer restrictions on the accounts. Often, if you get a student who zeros out his account often, while in college when he prefers that type of account, you can retain him as a customer later, when he starts to earn more money.
Also, even though no frills accounts often attract lower deposit sizes, a lot of those low deposit sizes still adds up to a lot of money.
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What types of accounts do banks offer?
Banks offer a variety of accounts including: checking, savings, mutual funds, IRAs, CDs, etc. Different banks offer different interest rates and promotions for these different types of accounts.
Who offers business current accounts?
There are a few banks that offer business current accounts. HSBC Bank is one of the most popular banks that offer these types of accounts to their customers.
Which banks offer debit card accounts?
The majority of banks will offer their customers debit card accounts. These banks include "HSBC", "Bank of America", "Lloyds TSB" and also "Santander".
How many different types of bank accounts do banks offer?
There are four major types of accounts that banks normally offer. It may vary bank to bank what their individual accounts are. The major types of accounts are checking accounts, savings accounts, money market accounts, and time deposits.
What banks offer merchant credit card accounts?
There are several banks that offer merchant credit card accounts. These banks include TD Bank, PNC Bank, Merchants Bank, Bluepay, and Bank of America.
What banks offer Retirement Accounts?
Many banks offer retirement accounts. Chase and Bank of America are two banks that offer the ability to set up an IRA.
What types of accounts do banks offer?
Banks offer a variety of accounts including: checking, savings, mutual funds, IRAs, CDs, etc. Different banks offer different interest rates and promotions for these different types of accounts.
Who offers business current accounts?
There are a few banks that offer business current accounts. HSBC Bank is one of the most popular banks that offer these types of accounts to their customers.
Who offers 770 accounts?
770 accounts are offered by many banks that offer interests and dividends. Almost all banks within the United States offer 770 accounts.
Which banks offer debit card accounts?
The majority of banks will offer their customers debit card accounts. These banks include "HSBC", "Bank of America", "Lloyds TSB" and also "Santander".
What banks offer children's bank accounts?
There are many banks that are offering children accounts from high street to online accounts though the type of the accounts will vary. One of the banks offering children accounts is Barclay's which is offering Barclay plus account for children between the age of 7-18.
What banks offer a mortgage savings account?
Most large banks today offer mortgage savings accounts. HomeBuyer is one such bank. Other banks, such as Bank of America, Chase, and CitiBank offer mortgage savings accounts too.
How many different types of bank accounts do banks offer?
There are four major types of accounts that banks normally offer. It may vary bank to bank what their individual accounts are. The major types of accounts are checking accounts, savings accounts, money market accounts, and time deposits.
What banks offer merchant credit card accounts?
There are several banks that offer merchant credit card accounts. These banks include TD Bank, PNC Bank, Merchants Bank, Bluepay, and Bank of America.
What banks offer online savings accounts with high interest payouts?
There are several banks that offer online savings accounts with high interest payouts. The best banks to use for this are Suntrust and America's First Bank.
What banks offer education savings accounts?
Many banks offer education saving accounts. For example Cook & Bynum Fund, Gabelli Funds, Oakmark Funds, Scottrade and TD Ameritrade offer this sort of account.
What are some banks that offer no-free checking accounts?
A specific bank that offers no-free checking accounts is PNC bank. In addition, Chase bank, Bank of America, and many other banks might offer no-free checking accounts.
