What if New Aged Wealth was a Bank??

By: Rodney Hunter

I understand that cash flow can be unpredictable and inconsistent for manufacturers. From electrical or chemical, metal to machinery, our relationships with manufacturing clients has made us leaders in the community banking industry. If I owned a bank I could help with a customized solution to help support the complex needs of her business. My Distinctive Banking Solutions can help you manage your cash flow so you can be ready for inventory needs, purchase equipment, warehouse distribution and shifts in market demand. From online banking and remote deposit to sweep accounts and positive pay, our cash management tools help you keep all the moving parts of your business moving. My online banking has the tools you need to manage all of your accounts securely and efficiently on the go from virtually anywhere at any time. By that means, you're setting up your payees once and they will be available for you to pay whenever you want, no check writing, no stuffing envelopes, no stamps, our signature does not travel with your payments, reducing your exposure for fraud, receive your bills conveniently and electronically right to your own computer.

Here below are important things to look at with Banking with Millennial's

1. Text-Based Communication

Latisha Styles, producer and host of Young Finances, said time-saving features like easy account interaction and accessible lines of communication are a must for millennial's:

2. Mobile Capture

According to new research by Mitek, 68 percent of millennial's would prefer to use mobile capture instead of having to manually input information on their smartphone. “Features like remote check deposit will be essential to millennial customers, if they aren’t already,” said Weliver.

4. Transparency, Simplicity and Affordability

Millennial's blatantly distrust big banks in fact, The Millennial Disruption Index found that the four biggest banks in the U.S. all made the top 10 list of least-loved brands. This is due, in part, to high fees and lack of transparency at these major financial institutions.

5. Great Customer Service

Even though millennial's aren’t visiting brick-and-mortar branches as frequently as older generations do, it doesn’t mean they don’t value good customer service. FICO found that beyond having an issue with high fees, 27 percent of millennial's said that not receiving good customer service from their bank, or having a negative user experience on the bank app or website, caused them to leave and find another institution.

7. Loyalty Encouragement

One in three millennial's would switch banks within the next 90 days if given the opportunity, according to The Millennial Disruption Index. This is likely because 53 percent don’t see what makes their bank any different from another bank.