2023 FINDING AND PROTECTING BUSINESS DEPOSITS

Business Deposits

FINDING AND PROTECTING
BUSINESS DEPOSITS

Business Deposits

Background

According to Barlow Research’s quarterly Pulse study, nearly half of businesses have re-evaluated where their money is being held due to the recent bank failures, alone. In addition, 67% of businesses believe they are not receiving a competitive rate on their non-operating accounts. The time to focus on both finding and protecting core business deposits is now.


Objectives

Barlow Research’s 2023 Finding & Protecting Business Deposits Study will provide your institution with unique voice of the customer market intelligence related to churn in the business and commercial banking segments, rate sensitivity and where financial institutions could focus to grow core deposits.

Since March 2023, Barlow Research has been actively collecting data from small businesses ($100K-<$10MM in annual sales) and middle market companies ($10MM-<$500MM in annual sales) related to movement in operating and non-operating accounts.

The 2023 Finding & Protecting Business Deposits Study will pull data from our quarterly Pulse Study (fielded in early April 2023), our 2023 in Pursuit of Stability and Return Flash Panel Study (fielded in late April 2023) and our Customer Acquisition and Preventing Attrition Flash Panel Study (fielded in August 2023).

YOU WILL LEARN...

  1. How rising interest rates and bank failures have impacted attrition rates.
  2. Why and where businesses are moving deposits.
  3. Which industry segments provide the best opportunity for deposit growth.

Please contact us

to schedule a phone meeting

 

Featured Content

February Barlow Podcast Series

In this episode, Sandy Hanson, Managing Partner and Small Business Program Director talks with Mark Valentino, Head of Business Banking at Citizens. Listen to learn how Citizens is not only meeting their business customers’ current needs but is working to grow with them.

2024 DIGITAL ACCOUNT OPENING STUDY

Given the increased competition to win core deposit relationships, the stakes are higher than ever for financial institutions to digitize and streamline the deposit account opening process for small businesses ($100K-<$10MM in annual sales).

Business Banking Conference 2024

New for 2024, we’re bringing the Barlow Conference to two cities this year! Pick the city and date that fits your schedule best!

Analyst's Journal - Feb 21, 2024

TD Bank Launches Convenient Mobile Tap-to-Pay and Payment Links for Small Businesses

Three weeks ago, TD Bank launched a brand-new set of Tap-to-Pay functionality...