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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (1693)	8/3/1999 11:40:00 AM
From: AJ Berger	Respond to of 2419

USAB Post of the Week from Yahoo the real story by: elephant_man_cracker 8743 of 8753 All of you that are saying that all the major banks will be online just don't understand. Do you think that a huge bank is going to offer 5% on a free checking account? Do you think they'll offer CD rates this high? Do you think they'll do any number of things? Don't you realize that a big bank with tons of customers already CAN'T do these things because that would mean that they'd have to give their existing customers those deals which would take a huge chunk out of their existing revenue whereas a company with fewer customers can afford to do this because they're trying to ATTRACT new customers. That's the difference between a fat brick and mortar bank and a new online bank. That's why there are banks like Wingspan which is actually a subsidiary of a larger bank (FCC Natioal). That's the only way that a larger bank can get the mobility to compete online. USABanc.com is unique because it's a true bank (unlike Netbank and Telebanc) that is still small enough that it can make a huge entrance to competing online. It's like Ali, "move like a butterfly, sting like a bee"... stick and jab and keep on moving. Small, agile, but producing revenue and growth. Now it's up to their marketting department. Posted: 08/03/1999 10:27 am EDT as a reply to: Msg 8739 by Zitcop2 [while I don't agree with his point, it's still excellent rebuttle]