MINNEAPOLIS — A report card showing grades of C and D for the quality of major banks' telephone-based customer service could translate into an opportunity for credit unions.
The latest Vocal Laboratories quality survey of large financial services covers the six months ending in June. It shows Bank of America earning a C in call satisfaction and a B in call completion, which is the percent of customers able to complete their business with a single phone call.
Citibank and Washington Mutual both earned Cs in call satisfaction and Ds in call completion. Wells Fargo earned a D in caller satisfaction and a C in call completion. Wachovia would have ranked near the top in caller satisfaction and near the bottom in call completion, but there was not enough data to issue a letter grade.
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