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Opening a new credit card

Is there an incentive for staff to open new accounts in the Branch rather than through online banking I got the impression from a recent appointment they were quite keen for me not to do it online.

Comments

  • molerat
    molerat Posts: 35,164 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes. Bank staff get incentives for selling most products. If not cash they get a well done for the branch meeting targets on account opening.
  • molerat wrote: »
    Yes. Bank staff get incentives for selling most products. If not cash they get a well done for the branch meeting targets on account opening.

    Many banks don't have targets for individuals, local branch management or even regional management.
  • Jlawson118
    Jlawson118 Posts: 1,144 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    Yeah they'll probably commission, but you'll get nothing out of it. Just like when a car salesman tries to sell you the best car, and usually on finance too..
  • Yes, Bank employees get incentives when they convince people to buy more products, it also helps in increasing customer base and as a result the bank achieves its target
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