Bank Competition
» Bank Competition, Volume 5, Issue 8, 2005
If respondent changed principal financial institutions in the last three years.
Was a reason for changing to a new institution that:?
4bC. (reason for change) You needed more or different services than offered by your old bank.
Response | ||||
---|---|---|---|---|
1 | Yes | 47 | ||
2 | No | 53 | ||
3 | DK/Refuse | 0 | ||
Total (%) | 100 | |||
N |
Notes: Forty-seven (47) percent of small employers who changed principal financial institutions in the last three years report that a reason for change was that they needed more or different services than their former institution could offer (Q#4bC).