Description

Let these numbers frighten you a little bit:

-6% of U.S. households are unbankable and 18.7% are underbanked

-The payday loan check cashing industry is about $32 billion

-9% of bank account holders pay 84% of the $11 billion in annual overdraft fees

It’s no wonder that overdrafts are the common enemy that financial brands need to vanquish.

In this episode, I speak with Joel Schwartz, Founder & Co-CEO at DoubleCheck Solutions, about the need to give consumers what they need (financial relationships) and what they want (financial flexibility and control):

Join us as we discuss:

- Why overdrafts are such a hot topic at this moment

- It’s customer control that’s the issue, not overdraft fees

- Digital growth opportunities for offering compassion

- Updating old-fashioned mindsets about banking services

- Why doing the right thing is good business

You can find this interview and many more by subscribing to Banking on Digital Growth on Apple Podcasts, on Spotify, or here.

Listening on a desktop & can’t see the links? Just search for Banking on Digital Growth in your favorite podcast player.

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