Customer Retention Strategies for Banks: Customer Experience is Key
ReviewTrackers
MARCH 24, 2021
In banking, the annual churn rates on new customers hover in the 20 to 25 percent range during the first year, with half not making it past the first 90 days after opening their accounts. As these numbers suggest, providing an effective, easy, meaningful, and effortless experience is one of the keys to reducing customer churn.
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