By Larry Chiang
Larry Chiang (@LarryChiang) | |
Why do certain US banks/credit unions require 10/12 debit card transactions per month to give higher interest rates? qr.ae/5ShQa
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Banks want you as their primary.
It’s harder to be slutty and less loyal.
What I mean is that you benefit from having multiple banking relationships.
For example:
My savings is at Wells
My checking is at Chase
My mortgage is at B of A (err was)
This makes the bank compete by offering me a constant stream of deals in an attempt to “buy my business”
The entrepreneur bell curve
Credit knowledge at SXSW
Duck9 = Deep Underground Credit Knowledge 9
c/o UCMS Inc
2021 Midwest Road / 3rd FL
Oak Brook IL
630-705-5555
650-283-8008 (cell)
Founder of “What They Don’t Teach at Business School” for CNN iReport: https://ireport.cnn.com/people/larrychiang
Author, NY Times Bestseller
“What They Will NEVER Teach You at Stanford Business School about EUTWMPPM @SXSW” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old