Statistics, Facts, & Such
The new Bank of America is the first coast-to-coast bank in the United States.
The number of Direct Deposits in 1998 increased by 16.1% over 1997, from 1.9 billion to 2.2 billion. The dollar amount increased from $1.85 trillion to $2.17 trillion, a 15.1% increase. Direct Deposit is used for payroll, expense and travel reimbursement, pension and annuity payments, retirement and mutual fund distributions, Social Security and Veterans benefits, and tax refunds. Approximately 100 million people nationwide rely on Direct Deposit to receive their pay or government benefits.
NACHA announcement at its PAYMENTS 99 Conference
TeleCheck studies show an estimated 50 percent of people fail to send in their payment after placing a telephone order.
TeleCheck Services, Inc. - 6/7/99
Our new one-dollar coin is gold-colored, and bears the likeness of Sacagawea, the native American who was an interpreter for the 1804-06 Lewis and Clark expedition to the northwest.
The FDIC Region with the most commercial banks is Kansas City with 2,260. The Region with the least is Boston, with 135
FDIC Web Page 1st Quarter Survey
90% of banks nationwide now impose ATM surcharges, up from 71 % a year ago and 45% in 1997, according to a new survey by U.S. Public Interest Research Group. The charge ranges from 50 cents to $2.50, with $1.50 being the most common fee.
U.S. PIRG - Internet
Copyright © 1999 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 9, No. 8, 9/99
First published on 09/01/1999