youth banking pt 2

18
BANKS AND YOUTHS What youths want you to know.

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Banks need to realize the importance of their young customers. This deck highlights several key points, according to the insights at Trendstracker Asia.

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Page 1: Youth banking pt 2

BANKS AND YOUTHS

What youths want you to know.

Page 2: Youth banking pt 2

1. There are no plans that are relevant to today’s youth.

The banks offers nothing interesting or engaging.

Page 3: Youth banking pt 2

2. Myth: Youths are not interested in banking.

Ask. Listen. Absorb.Understand us.

Page 4: Youth banking pt 2

3. Don’t give us technical terms.

Speak our language.

Because we DO NOT speak your language.

Page 5: Youth banking pt 2

4. HELP US UNDERSTAND HOW WE CAN:

iii) Purchase a car before leaving college?

i) Get our money to grow?

ii) Purchase a house by the time we turn 27?

iv) Start up a business by the time we graduate?

Page 6: Youth banking pt 2

5. CUT OUT the FIGURES

Show us how by banking

with YOU, our money

can work FOR US.

Page 7: Youth banking pt 2

6. When approached by people BELOW 25, this was what YOUR

customer service had to say:

Page 8: Youth banking pt 2

i) “To open a savings account, please deposit..”

ii) “And your growth will be 1.25% per annum..”

iii) “Sorry, we don’t have any plans for youths..”

iv) “For a fixed deposit, you need to open an account

with at least RM 1000..”

Page 9: Youth banking pt 2

7. STOP..

1. Explaining things that we’re not interested in

3. Acting like we don’t have money

2. Making us feel like we don’t matter

Page 10: Youth banking pt 2

8. ENGAGE US, and we shall reward you with our millions in the future.

Page 11: Youth banking pt 2

9. We want to find out MORE than just opening bank accounts.

Tell us how to make our money GROW and how to INVEST.

Page 12: Youth banking pt 2

10. Teach us how we

can

UTILISE BANKS.

Page 13: Youth banking pt 2

11. Make us feel like we

matter.

Do not judge our

youthfulness as incompetence.

Page 14: Youth banking pt 2

12. Trust us,

if we are unhappy with you,

our friends will hear about it too.

Page 15: Youth banking pt 2

13. It all comes down to your frontline

Your CSOs are the ones that determine whether

you get a place in our hearts.

Bad customer service usually results in millions of potential customers lost.

Page 16: Youth banking pt 2

To sum it all up….

Page 17: Youth banking pt 2

Show us that you care.

SMILE and ENGAGE us.

We are ready to listen.

Page 18: Youth banking pt 2

Tell us why we need you in the early stage.

Help us make up our minds.

And we just might stay with you for years to

come.