Comments on: Confessions of a Long-Distance Banking Customer http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/ Mon, 16 Dec 2013 14:22:59 +0000 hourly 1 http://wordpress.com/ By: A Fund to Bridge the Scholar-Practitioner Divide « Center for Financial Inclusion Blog http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/#comment-4806 Tue, 03 Jul 2012 19:24:03 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=5300#comment-4806 [...] Confessions of a Long-Distance Banking Customer Share this:TwitterFacebookEmailLike this:LikeBe the first to like this. Subscribe to the Blog [...]

]]> By: Kyle K. http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/#comment-2961 Tue, 28 Feb 2012 20:55:51 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=5300#comment-2961 I use Schwab banking. All very much the same… except NO ATM fees, and their phone customer support is excellent. And my phone app allows me to deposit checks up to $1000. Snail mail for big checks isn’t very fun, for sure.

Perhaps it’s not as local as a small bank or credit union, but at least I know I’m not supporting one of the mega-banks, incurring fees everywhere, and I truly feel like I get great customer support.

]]> By: ਜਸਲੀਨ ਕੌਰ (@1singhnee) http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/#comment-2960 Tue, 28 Feb 2012 20:27:30 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=5300#comment-2960 i have one credit union in texas, and another in washington. my husband has one in new jersey. we live in california. works for us, mostly thanks to shared branching. not sure it would be as easy with a regular bank though.

]]> By: Daniel Rozas http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/#comment-2956 Tue, 28 Feb 2012 16:33:12 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=5300#comment-2956 Sonja — your personal experience is an interesting one, and as someone who also does mostly remote banking, I sympathize. However, I would like to point out one critical piece of information that’s only briefly alluded to here. You and I live in a largely cashless economy. I suspect that almost 100% of your income and perhaps 90% or more of expenditures (housing, utilities, insurance, retirement, taxes, etc.) are cashless. That’s certainly true in my case. So our interaction with the bank is limited to that small remainder that covers odds-and-ends. But so long as microfinance clients operate in the informal economy, as they do, I don’t see how it’ll be possible for them to transition away from a cash-based system. And once you have to deal in cash, everything changes. With mobile banking, we’re taking baby steps away from cash, but the gap between the banking systems of the developed and developing worlds remains as wide as ever.

]]> By: Susy Cheston http://cfi-blog.org/2012/02/28/confessions-of-a-long-distance-banking-customer/#comment-2955 Tue, 28 Feb 2012 16:25:39 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=5300#comment-2955 Sonja, you give a striking picture of an industry in the midst of significant transition. With Google Wallet, ISIS, and now the latest big announcement of Visa and Vodafone’s partnership (http://www.vodafone.com/content/index/media/group_press_releases/2012/visa_partnership.html), it will be fascinating to see how your options change in the coming year.

]]>