A note to our Deluxe partners about the coronavirus (COVID-19).

Deluxe is dedicated to customer success. Learn More

Blog

The Anatomy of Consumer Switching Behaviors [REPORT]

business owners

Driving customer account-switching behavior is a key objective for financial intuitions, yet few are completely successful at converting newly acquired accounts into profitable, long-term relationships. In this report, we will share key findings from the survey, including:

  • What causes consumers to switch financial institutions
  • The effect of digital tools as a factor in switching behaviors, especially among Millennials
  • The effect a poor experience has on a consumer
  • How onboarding and help prevent consumers from becoming disengaged, unprofitable customers.

To explore the challenges financial institutions face in cultivating long-term, profitable relationships with account-switchers, Digital Scientists, on behalf of Deluxe, conducted an in-depth, online interviews with 1,013 consumers, ranging in age from 18-54.  The survey polled consumers who held checking accounts with a bank or credit union, and who participated in household finances and resulted in our report entitled The Anatomy of Consumer Switching Behaviors: Solving the Stumbles that Prevent Profitable Engagement.

Learn More

RECOMMENDED RESOURCES

Keep your business moving forward