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> Seems like a weak market to go after, given that people likely to respond to a "cool" financial services brand may be a poorer demographic that maybe doesn't
by halr9000 8y ago
> Seems like a weak market to go after, given that people likely to respond to a "cool" financial services brand may be a poorer demographic that maybe doesn't have any prior experience with "legacy" financial services providers.
Yeah but people do grow up. And I don't know about you, but I've got some super long term relationships with some banks. They are in it for the long game.
- RA_Fisher 8y agoI find legacy banks a nuisance. They're always trying to get me to come into a bank branch.
- rspeer 8y agoHuh. I don't have much of a problem going in to a bank branch, given that there's one every half mile. A quick in-person meeting is fine compared to the shitstorm of unusable menus and nearly unintelligible communication that is calling your bank on a cell phone. (I mean it would be great if there were a bank that did all its customer service over text chat, but that's too much to ask for, right?)
- setr 8y agoWell, they’re trying, with chatbots And I’d really wish they’d just stop
- RA_Fisher 8y agoI'd prefer a usable website in addition to guarantees of prudence in investing the money. My $ for both. If Robinhood replaced SIPC with something as credible, I'd go for it. They could probably do it with US Treasuries and bonds from Google, Apple, Facebook, etc.
- glennpratt 8y agoI've used a legacy bank since the credit union I used in college slammed me with a wall of fees. The branches have only been to my benefit, never really required, just faster.