Question: If the bank wants to pay $10 for opening of a new deposit/savings account, can this be offered to existing customers that have non-interest bearing accounts? Do we need figure out if the bank previously paid $10 account opening reward to non-interest bearing customer in the past year, or would it just be better to limit the offer to new customers to the bank?
Answer: If the bank wants to pay $10 for opening of a new deposit/savings account, can this be offered to existing customers that have non-interest bearing accounts?
Sure, if that is what you want to do.
Do we need figure out if the bank previously paid $10 account opening reward to non-interest bearing customer in the past year?
Not sure why this matters.
Would it just be better to limit the offer to new customers to the bank?
This depends on what you are trying to do, generate new customers or retain current customers.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.