The Future of Noninterest Income at Financial Institutions
Abrigo
NOVEMBER 29, 2021
Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). Finally, banking alternatives such as Chime-Spot Me, an app offering to cover debit card purchases and cash advances that overdraw the account from $20 to $200 without an overdraft fee, have become more competitive.
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