Sentences with phrase «cost traditional bank products»

Credit unions are gaining popularity among consumers who are growing weary of higher cost traditional bank products delivered in a highly impersonal manner.

Not exact matches

The Wall Street Journal reported on Monday that Amazon was talking about partnering with J.P. Morgan and others to offer its customers a low cost, checking account type of product that would appeal to younger and perhaps lower income people who don't have traditional bank accounts.

Traditional bank loans take more time to close than higher cost alternative lending products.

Borrowing money through a short - term loan product might cost you more than a traditional bank loan, but when you factor in the speed, flexibility, and smaller funding sizes offered by alternative lenders, working capital loans are often more attractive.

As with many other banking products, online - only banks are able to offer CDs with much better rates than traditional institutions, thanks to their low operating costs.

Traditional banks have slightly lower shadow cost of funding and provide higher quality products than shadow banks.