Check cashing services offer new profits.: An article from: Bank Marketing
Book Details
Author(s)Michael J. Major
PublisherBank Marketing Assn.
ISBN / ASINB000920TEG
ISBN-13978B000920TE3
AvailabilityAvailable for download now
Sales Rank11,132,517
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Bank Marketing, published by Bank Marketing Assn. on February 1, 1994. The length of the article is 2637 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Union Bank of San Francisco, CA, has introduced a successful program that appeals to low- to moderate-income individuals who do not have a regular bank account. Called Cash & Save, the program focuses on check cashing services but involves a host of other services such as domestic and foreign wire fund transfers, utility and other bill transfer payments and tax refund loans. Although primarily targeted at increasing participation in mainstream banking, Cash & Save does not call for an official affiliation with the bank, such as a checking account. Unlike other check cashing services, Union Bank charges only 1.5% of the face value of a check. However, a $7.50 yearly membership to the Cash & Save program cuts the fee to only 1% and earns a customer 72 free money orders in a year. To promote the program, Union Bank offered free consultation and seminars to individuals and communities.
Citation Details
Title: Check cashing services offer new profits.
Author: Michael J. Major
Publication:Bank Marketing (Magazine/Journal)
Date: February 1, 1994
Publisher: Bank Marketing Assn.
Volume: v26 Issue: n2 Page: p55(5)
Distributed by Thomson Gale
From the supplier: Union Bank of San Francisco, CA, has introduced a successful program that appeals to low- to moderate-income individuals who do not have a regular bank account. Called Cash & Save, the program focuses on check cashing services but involves a host of other services such as domestic and foreign wire fund transfers, utility and other bill transfer payments and tax refund loans. Although primarily targeted at increasing participation in mainstream banking, Cash & Save does not call for an official affiliation with the bank, such as a checking account. Unlike other check cashing services, Union Bank charges only 1.5% of the face value of a check. However, a $7.50 yearly membership to the Cash & Save program cuts the fee to only 1% and earns a customer 72 free money orders in a year. To promote the program, Union Bank offered free consultation and seminars to individuals and communities.
Citation Details
Title: Check cashing services offer new profits.
Author: Michael J. Major
Publication:Bank Marketing (Magazine/Journal)
Date: February 1, 1994
Publisher: Bank Marketing Assn.
Volume: v26 Issue: n2 Page: p55(5)
Distributed by Thomson Gale
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