No lie, I had an irrational fear that authorities would be summoned the first time I tried to deposit a large check (from consulting). I asked for a private conference with a banker so that I could explain the circumstances. Whereupon we had a very classic conversation:https://twitter.com/cperciva/status/1036423661673009153 …
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I can't believe mine is nearly the most lucrative account sourced to the cafeteria branch.
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Ooh I know this one. It’s prime real estate; lots of accounts are opened there because of young customer base, and the LTV of a bank customer is enormous, so they build that into CAC and pay millions to colleges for locations near food courts etc.https://www.wsj.com/articles/banks-pay-big-bucks-for-top-billing-on-college-campuses-1517148001 …
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That is exactly the rationale that banks have. They are trying to get kids as young as possible to open up accounts with them now, as the friction is so great later on.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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