Search
 

Mobile Deposits Vary Across FIs

When it comes to consumer money movement, mobile and internet offerings are a must.

A wide range exists when comparing average mobile deposit size across financial institutions, which reflects the range of deposit limits at banks and credit unions, according to the Austin, Texas-based Malauzai.

The mobile and internet banking provider’s Monkey Insights little data report, which takes big data and breaks it up into digestible factoids, includes data gathered from 385-plus credit unions and banks. The report, which covers 8.95 million logins from 465,000 active internet and mobile banking users, highlighted comparison data for money movement statistics in August totaling $417 million and 730,000 money movement transactions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Tonya Knudesn

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.