There have been notable developments this week in the market for these services that have occurred at the level of traditional banking entities and, undoubtedly, affect all the rest with their impact on urgent loans, for example.

We know that those types of services in traditional banking have been decreasing in their demand because conditions have become increasingly demanding. In turn, the index changes that were decreed a few days ago by the official banking authorities have had a negative influence on those who thought about accessing them and who, irrefutably, have not hesitated to resort to alternative financial entities.

Best bank 

Best bank 

Best bank has also occurred because traditional banks have made changes to their deposit products with respect to renewals, terms, and marketing. As we read on the site “Eleconomista.es” some traditional entities are trying to recover old clients from the bank so that they can deposit the money back to the institution.

Interest on urgent loans has increased in such a way in recent times that traditional banks have lost a large number of clients. The demand in traditional entities for these services has decreased but, according to sources, it is not because customers do not need them, but rather they have turned to private lenders due to the rise in interest rates.

Traditonal banks

Traditonal banks

 

With the restoration of some deposit services such as the one discussed above, some traditional banks are trying to recover clients who have lost due to the provision of inconvenient granting services. And let’s not forget that, the increase in deposits will generate a profitability and the possibility of staying.

Thus, this analogy occurs in traditional banks where urgent loans are more difficult to obtain since they are concentrating their measures these days on increasing clients who make deposits with higher profitability benefits: some offer up to 3%.