Remove FDIC Remove Millennials Remove Online Remove Oregon
article thumbnail

Millennials Not Alone in Fleeing Big Banks

NCR

The 24-year-old consults with companies worldwide on how to reach the millennial audience. So last year, the New York resident left the big bank, setting up an account with Simple, an FDIC-insured direct bank based in Portland, Oregon, where he can do all of his banking online – without any monthly fees. “I