Bank Competition
» Bank Competition, Volume 5, Issue 8, 2005
If respondent or someone on his/her behalf did NOT shop for a new primary financial institution in the last three years.
3c. Was the most important reason that you did not shop because:?
| Response | ||||
|---|---|---|---|---|
| 1 | You were satisfied with your financial institution | 70 | ||
| 2 | You had more pressing matters | 6 | ||
| 3 | There are no real alternatives; banks are pretty much alike | 5 | ||
| 4 | You didn't want the costs and hassles of changing | 18 | ||
| 5 | DK/Refuse | 1 | ||
| Total (%) | 100 | |||
| N | 564 | |||
Notes: Seventy (70) percent of small employers who did not shop for a new financial institution in the last three years report their most important reason for not shopping was that they were satisfied with their current primary financial institution (Q#3c).
