Answer (from Digital Banking Report research): 18%

Questions:

• If you have a checking account, what method did you use to open your account? Why? 
  • If you don't have an account, what would be your preferred method to open an account? Why? 
• What do you think might be an advantage of being able to open an account using a mobile app? 
• What might be some reasons that so few banks are offering this option today? 
• How do you anticipate this chart might change in the next five years? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

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COMING SOON: An update to NGPF's Checking Unit and a Online Bank Simulation too!

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.