The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity Does Retail Banking Its Own Way Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 31, 2013

Fidelity Does Retail Banking Its Own Way

News summary by MFWire's editors

The Boston Globe's Beth Healy reports that Fidelity's [profile] retail banking efforts are beginning to reap rewards. Fidelity's cash management account has $3 billion, a 46 percent increase from a year ago, Healy writes.

Fidelity is being creative and making its own rules. Instead of relying on bank branches and ATMs, Fidelity, which doesn't have a banking license, reimburses banking customers for ATM fees paid at other banks, Healy reports. Customers can also use mobile apps to deposit checks and pay bills online.

Fidelity is trying to attract customers while they're young, Healy writes. If they begin financial relationships with customers while they're young, they may be reluctant to switch to another banking service once their accounts become more complex.

To read more, click here.  

Edited by: Casey Quinlan

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use