Will better banks evolve
It is no secret here at chase-sucks.org that we don’t like Chase. But the truth is that we have struggled to find ANY bank that we like and treats customers like the valuable asset that we are, rather than the way Chase (and most banks) treats its customers, like a resource from which to repeatedly extract fees and treat with disdain.
Well, a new banking concept called BankSimple, a bank built on simplicity and with no hidden fees, or heck, even non-hidden fees is in the works. While this concept is still in the planning stages by one of the early Twitter employees, the fact that someone is thinking of this concept is making us think about whether it is the future of banking.
Is it possible that a bank like BankSimple, and perhaps others of the same mold, could decimate the current banks customer base?
According to the lifehacker poll in the above link, a full 40% of respondants are unhappy with their current banks and would consider switching to a bank like BankSimple.
Do you know what a loss of 40%, or even 20% of their customer base would do to big banks like Chase, Bank of America, and Wells Fargo?
Bad bad Chase | admin June 1, 2010
