Community Banking Helping you SAVE! Wednesday, August 28, 2013

Similar documents
Welcome. 1. Agenda. 2. Ground Rules. 3. Introductions. Bank On It 2

HIGH YIELD CHECKING. EXPLANATION OF SOME OF OUR KEY SERVICES AND CHARGES Here are details about High Yield Checking services.

NEW CHASE BUSINESS CHECKING CLIENTS: Here's how to get your $200 bonus: REQUEST your offer code above

THE IMPACT OF THE FED S PROPOSAL TO CAP DEBIT CARD INTERCHANGE FEES ON CONSUMERS AND SMALL BUSINESSES

Check It Out. FDIC Money Smart for Young Adults. Building: Knowledge, Security, Confidence

The Acme Savings Account is your way in the door An Acme Savings Account can be started with as little as $25. An Acme Savings Account will start

HOW TO USE A FINANCIAL INSTITUTION. BUILDING A better FUTURE

FINANCIAL SERVICES GETTING TO KNOW YOUR FINANCIAL INSTITUTION

Budgeting 101: Why Planning Ahead Pays Off

What You Need to Know about Overdrafts and Overdraft Fees

FALL. Presidents Message. amucu.org

We re going to cover four advice areas and you ll see how taking a few simple actions can save you money and put you further along the path to

2011 CFA Survey of Big Bank Overdraft Loan Fees and Terms

Consumer Pricing Information

UBS Global Financial Services Conference

merrill lynch wealth management the power to put plans into action

Important Payroll Notice!

Get up to $750 with this exclusive offer

Credit Cards. Tips for Successful Management

First Timer s Guide: Credit Cards. Used the right way, your credit card can be your new financial BFF.

with the support of Everyday Banking An easy read guide March 2018

Checking, Saving, Investing, and Protecting your money Unit 3

Vancity and Citizens Bank Visa * Cards

PERSONAL BANKING PRODUCT GUIDE

Big business or small business, these accounts are all business.

Lecture Materials RETAIL BANKING. Robert D. Dye. Dye & Associates Inc. Wheaton, Illinois

Huntington 25 Interest Checking Account

Your Guide To Debit Cards. Brought to you by:

Exactly what kind of bank is South State Bank?

Overdraft Education Practice & Reference Materials


15 Reasons. Credit Union. It s All About. Why You Should Only Bank at a

Credit cards, big data, adverse selection and unravelling

Rate and Fee Disclosures

THE ROLE BANKS PLAY IN THE ECONOMY

Frequently Asked Questions

2012 CFA Survey of Big Bank Overdraft Loan Fees and Terms

Midtier Banks and Credit Unions Can Compete and Win in Today s Credit Card Marketplace

Know Your CHECKING ACCOUNT BROUGHT TO YOU BY

TRUTH-IN-SAVINGS DISCLOSURE

Marketplace Addendum

Huntington 5 Interest Checking Account PERSONAL ACCOUNT CHARGES FORM

welcome to the new Regions See how we re making banking better

Section 4.1 Banking Systems

NatWest Nottingham University Hospital Branch Closure

Vancity Credit Card Agreement (for Business Use)

DEPOSIT PRODUCTS AND SERVICES

WELCOME TO THE WORLD OF YES PROSPERITY

WELCOME GUIDE for Business Customers

Table of Contents. Money Smart for Adults Curriculum Page 2 of 59

Truth in DISCLOSURE. Strong. Stable. Local. Personal.

We want you to avoid overdraft fees. Having a clearer understanding of overdrafts is a good place to start.

2014 Banking and Credit Card Survey

Reading Essentials and Study Guide

Bank of america bofa core checking account

Q1: Which interest should you choose if you want the best rate of return on your interest?

EVERYDAY BANKING AND SAVING ACCESS YOUR MONEY YOUR WAY

Truth in Savings Disclosure

Introduction to Earning Interest: APR, APY and Compound Interest

CARDMEMBER AGREEMENT RATES AND FEES TABLE INTEREST RATES AND INTEREST CHARGES FEES

2010 Visa Inc., All Rights Reserved

Selected Terms & Conditions for Wells Fargo Consumer Debit and ATM Cards

BENEFITS QUALIFICATION CYCLE REQUIREMENTS

Fee Schedule* Effective May 6, 2015

LE300-C1L2 - Savings and Bank Accounts Page 1

Teens Glossary Terms. (see Bank account)

Arvest prepaid card Arvest prepaid card

CARDMEMBER AGREEMENT RATES AND FEES TABLE INTEREST RATES AND INTEREST CHARGES FEES

CARDMEMBER AGREEMENT RATES AND FEES TABLE INTEREST RATES AND INTEREST CHARGES FEES

Charge It Right. FDIC Money Smart for Young Adults. Building: Knowledge, Security, Confidence

Basics of Banking. What Are Banks, Anyway? Types of Financial Institutions. Table of Contents

CARDMEMBER AGREEMENT RATES AND FEES TABLE FOR THE MILITARY STAR REWARDS MASTERCARD CREDIT CARD ACCOUNT INTEREST RATES AND INTEREST CHARGES FEES

CHECKING 101 EDUCATION. Practice & Reference Material

Frequently Asked Questions

CHAPTER 5-THE BANKING SYSTEM. Section 1- Checking Accounts

2006 BALANCE FINANCIAL FITNESS PROGRAM

The Decoupling of Banks

BBVA Compass ClearChoice Free Checking

One statement we continually hear after talking to new members is, I didn t think that y all did that!

2015 Growth Strategy Survey

A banking service allowing a customer s money to be handled and tracked. Common bank accounts are savings and checking accounts.

business Product & Service Comparison

Coverage and a smart way to help pay for it Aetna HealthFund Health Savings Account (HSA) Plan

Annex 1 to the Co-operation Agreement on Employee Account Management

Business Account Addenda

Share Draft/Checking Account Basics

RATE SCHEDULE PROSPECTIVE ANNUAL PROSPECTIVE

FREE KASASA CASH CHECKING

EBOOK GUIDE SECOND CHANCE BANKING

Understanding Credit

Emerging Payment Alternatives for the Unbanked and Underbanked. Dave Beck, SVP and Regional Executive September 24, 2015

Royal Bank of Scotland Edinburgh Craigentinny Branch Closure

Annual Consumer Deposit Account Disclosure Effective April 1, 2017

Safety. Growth. Control. MasterDex 5 Annuity from Allianz Life.

TRUTH-IN-SAVINGS DISCLOSURE

We take on the world so that you don t have to. Your welcome brochure

No monthly product fee and no minimum balance requirement. $100 minimum to open account. Available on

Overdraft Protection and Courtesy Pay Disclosure

Raymond James & Associates, Inc. SF Institutional Investor Meeting

IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS from. Union State Bank 545 Main Street Everest, KS (785)

Transcription:

Community Banking Helping you SAVE! Wednesday, August 28, 2013

Introduction to Leader Bank! Founded in 2002 $650 million worth of assets 6 easily accessible branches Customized banking products Access to SUM ATM networks 11 years of unmatched customer service Always a Step Ahead due to localized, knowledgeable decision-making Strong community ties Achieving Financial Prosperity for You, Your Family, Your Business and Your Community! 1

Agenda Big Banks = Big Fees Fees, fees, and fees Will it ever be FREE? Community Banks = Savings Free, free, and free How do we do it? Debit vs. Credit Leader Bank = Savings + Rewards Zeugma Rewards Account Account Requirements and Benefits Switch Now! Q&A 2

Big Bank Fee-Frenzy Regular Checking Big Bank 1 Green Checking Big Bank 2 $160.00 $140.00 $120.00 $100.00 $80.00 $60.00 $40.00 $20.00 Your potential yearly fees $400+ per year Your potential yearly fees $160.00 $140.00 $120.00 $100.00 $80.00 $60.00 $40.00 $20.00 $350+ per year $0.00 Monthly ATM Overdraft + NSF Other $0.00 Monthly ATM Overdraft + NSF Other x 3 years x 80 gallons 3

Bigger the Size, Higher the Fees! 2,500 2,000 1,500 1,000 500 0 Big banks grow despite lost revenue? JPMorgan Chase Bank of America 2008 2012 (In Billion $) Lost revenue due to new federal regulations Chase: $600 million BoFA: $441 million However, both these banks grew significantly BoFA: 20% Chase: 7% 4

No More Free-for-All! Other avenues to recoup revenue: More Fees! Only 39% of banks offer a free checking account The avg. monthly maintenance fee rose by a record high of 25% $5000 min balance to waive fees A combined price tag avg. of $4.07 for every foreign ATM withdrawal Some insane fees charged in the name of convenience: $1.50 to get at the head of the telephone queue $6 for undeliverable statements $10 for transacting with a human teller $4 for redeeming rewards points Key Takeaway 1: Big Bank fees are here to stay. 5

Fee Free Community Banking Community bank is a banking organization with less than $1 billion in assets Locally based relationship banking Funding is from local deposits 6,201 FDIC insured community banks in US Average of $200 million in assets Two big banks are each the size of all 6,201 community banks combined! Non-community banks control 85.8% of US total bank assets! Some Community banks are still able to offer all the convenient services and products that Bigger banks are known for: Online Banking Mobile Banking Mobile Capture (Psst... We never charge you ATM fees!) 6

How Can Community Banks Do It? Fewer regulatory dependencies Business model is different Main Revenue driver is making good loans as opposed to charging banking fees Lower FDIC assessment fees Highly personalized service and transparency due to less bureaucracy Less operational costs and more efficiency Key Takeaway 2: Community Banks can offer you the Big Bank perks and never charge you a dime for it! 7

Credit vs. Big Bank Debit Credit Card Risks Frauds Impacts Credit Score Budgeting Issues Credit cash Cruncher ~18% APR ~1% Cash Back Heavy Interest Payments Debit debt Destroyer 0% APR Spend what you have Key Takeaway 3: Credit Cards are bad for you! BUT, this card is attached to Big Bank checking account! Monthly Maintenance Fees $12 Avg annual ATM Fees $24 Avg Savings Balance: $25,000 Interest on Savings: 0.10% APY With both of these products, you may lose $2,500 over 5 years! 8

Leader Bank: Best of Both Worlds! A Debit Card which has: Rewards of a Credit Card Benefits of a Debit Card A Community Bank which offers: Convenience and Services of a Big Bank Superior Customer Service of a Local Bank Zeugma: Leader Bank s Most Rewarding Product! Cash Back: 1% Monthly Maintenance Fees $0 Avg ATM Fees $0 Avg Savings Balance: $25,000 Interest on Savings: 2.05% 9

Let s Zeugma! Key Takeaway 4: After 5 Years Credit Card Relationship: $1,800 Big Banking Relationship: $715 Leader Bank Relationship: $3,800 10

Act Now to Receive a $100 Bonus! Already convinced? Switch to Leader Bank today and earn $100 bonus after opening and meeting all three requirements in the first month! Follow the below steps to start getting rewarded: 1. Go to http://www.leaderbank.com/personalbanking/zeugma.aspx to open a Zeugma Account 2. Email deposits@leaderbank.com with LB WEBINAR in the subject line after you open the account 3. Meet all three checking account requirements and watch the saving begin! Email any questions to deposits@leaderbank.com or call Jessica Shaffer at (781) 641-8620. 11