Current Accounts - Emerging Trends, Product Insights and Case Studies

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Market Research Reports, Inc. has announced the addition of “Insight Report: Current Accounts - Emerging Trends, Product Insights and Case Studies” research report to their offering. See more at- http://mrr.cm/Zmt

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Current Accounts - Emerging Trends, Product Insights and Case Studies

  1. 1. www.MarketResearchReports.com Category : Banking & Finance All logos and Images mentioned on this slide belong to their respective owners.
  2. 2. www.MarketResearchReports.com Introduction to Report  Launch Date: July 11, 2014  Number of Pages: 76  Geography Coverage: Global  Available Format: PDF Price For Single User License: USD 3,800 Price For Site License: USD 7,600 Price For Global User License: USD 11,400 Delivery Time: Within 24 Hours (During Working Days)
  3. 3. www.MarketResearchReports.com About the Report As pricing is affected by cost pressures and changing customer expectations, banks are adopting a number of product and pricing strategies in the form of loyalty programs, incentives, packaged current accounts and customized product offerings to entice customers. Furthermore, with increasing technological advancements, banks are encouraging customers to use low-cost banking channels to conduct banking transactions, resulting in reduced operating costs and improved profitability. Consequently, the percentage of free checking or current accounts dropped from 76% in 2009 to 38% in 2013. For the six-month period between October 1, 2013 and March 31, 2014, 609,300 UK current accounts were switched, a 14.0% increase compared to the equivalent period in 2012 when there were 532,500 switches.
  4. 4. www.MarketResearchReports.com Scope: This report highlights the key trends arising in key current account markets following the global financial crisis. The report gives an insight into current accounts offered by banks in countries such as the US, Canada, Brazil, the UK, Germany, India, Australia, the UAE and South Africa. The report outlines the various factors affecting consumers' choices of current accounts in these markets. The report also discusses the key drivers, issues and challenges faced by retail banks when offering current accounts in these countries.
  5. 5. www.MarketResearchReports.com Reasons to buy: Gain insights into the current accounts markets of developed and emerging economies in the Americas, Europe, Asia-Pacific, and the Middle East and Africa. Gain an understanding of the amendments brought about in current account markets following the global financial crisis. Gain analysis of current account markets based on strategies adopted to improve products and product portfolios. Gain insights into key operational and regulatory trends in key current account markets.
  6. 6. www.MarketResearchReports.com Key Highlights: According to Bankrate, free checking accounts in the US dropped from 76% in 2009 to 38% in 2013. The average monthly fee of non-interest bearing checking accounts up 25% in 2012 with a monthly fee of US$5.48 with an average balance of US$723 to be maintained to waiver the surcharge fees. The use of overdraft protection by account holders is rising rapidly in the US, making overdraft protection a major revenue-generating component for banks. Overall, 13 million consumers used overdraft protection in 2010 in the US, generating revenues of US$35.0 billion for banks. Banks offer overdraft protection to avoid the bouncing of checks, or insufficient funds in cases of debit card transactions.
  7. 7. www.MarketResearchReports.com Key Highlights: Continues.. According to the German Bundesbank and IMF forecasts, the German economy is expected to be relatively stable over the next five years, despite the financial uncertainties faced by most European countries. Consequently, consumer spending is expected to grow over 2014−2018. The expatriate population accounts for significant proportions of the total populations in many Middle East countries. The UAE’s expatriate population accounts for more than 80% of the total population, followed by Kuwait and Oman where the expatriate populations account for 63% and 62% respectively. Saudi Arabia, Qatar and Bahrain have 30%, 27% and 26% of their total population as expatriates. Rural and agricultural industries form a noticeable proportion of the economies in many Asia-Pacific countries.
  8. 8. www.MarketResearchReports.com Report Coverage 1. Executive Summary 2. Global Snapshot – Current Account Market Dynamics 3. The Americas 4. Europe 5. As​ia - Pacific 6. The Middle East and Africa 7. Case Study 8. Appendix For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.
  9. 9. www.MarketResearchReports.com Company Coverage: Partial List… 1. JPMorgan Chase Bank 2. Wells Fargo 3. Citibank 4. Bank of America 5. U.S. Bank 6. RBC Royal Bank 7. TD Canada Trust 8. CIBC 9. Scotiabank 10.Bank of Montreal 11.Banco do Brasil 12.Bradesco For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.
  10. 10. www.MarketResearchReports.com Custom Research:  Are you an industry professional, entrepreneur, venture capitalist, investors and organization, then let us know your specific research requirements. Our goal is to cater to your requirements be it for a custom market research project, syndicated research report on a specific market or industry sector, newsletter creation, case study development or anything else related to marketing research. For Any Customization Related query Visit IdeaCenter @ http://www.marketresearchreports.com/idea-center
  11. 11. www.MarketResearchReports.com How To Buy This Report? Visit following URL to see Table of Content and purchase this publication: http://mrr.cm/Zmt About Market Research Reports, Inc. Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”. Contact : Amitava Sen Email : info@marketresearchreports.com Phone: +1 302-703-7787 (USA) +91-8762746600 (India)

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