Checking Accounts Shrink by Nearly 100 Million Accounts Since 2011

Credit union executives are watching a 12% decline in checking accounts over six years, or about a 2.2% drop per year.

By Tina Orem | May 08, 2018 at 05:37 PM

The number of checking accounts has fallen by almost 100 million in the last six years, thanks to competition from fintech products and companies such as Walmart, Starbucks and Apple, according to new research from financial institutions analytics company Moebs Services.

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