Financial institutions with the experience and talent to offer online services are better situated to meet client expectations quickly.
- Online services are available from financial institutions.
- Online plans save you time and money.
- Online financial institution services are primed to meet client needs.
Online Banking – It's Quite Simple
The Oregon-based Simple Bank has been making headlines of late. Described as the future of banking, it has chosen to distance itself from traditional financial institutions. Operating for three years, Simple Bank has hundreds of thousands of customers and sees a customer base increase of approximately 10% each month. This translates to a bank with over 800 branches, which it eliminated to save clients from certain fees.
Reducing the cost to the client is the objective for Simple Bank, as well as many financial institutions. More than 40% of banking customers see themselves banking via mobile sites in as little as three years, with as many as 72% already banking online. Financial institutions with the wherewithal to anticipate these needs are primed for growth and customer satisfaction.
Anthony Marshall, research director at IBM's Institute for Business Value, is quoted as saying, "these companies sort of born in contemporary technologies just have a better agility to offer better services, faster."
Putting Trust in the Internet – Online Trust Services
Among the services now transitioning to the internet is online trust services. This innovative fix to an expensive trust service gives grantors greater access and eliminates costly attorney fees, which can cost upward of $300 per hour.
Kiss Trust, a division of Eastern Point Trust Company, is one such service. Leveraging its extensive experience in trust administration, law and technology, Kiss Trust has designed a flexible online trust creation and administration platform, easily accessible by friends and family to make contributions simple.
This all-in-one savings plan gives grantors the ability to establish trusts with a starting balance as little as $25 plus a software licenses and shipping fee of only $49. Grantors can now plan for the future while being provided with the control necessary to account for many issues such as special needs, medical hardships, health, education, support and maintenance (HESN) provisions, and even a bad behavior penalty option.
The Future is Now
Since 2012, Americans have created more online irrevocable trusts through Kiss Trust than any other service. This one-of-a-kind service is gaining momentum and is becoming more and more recognized as a go-to solution.
With ease of online access for both grantors and donors, a host of options to anticipate a wide variety of future needs, and low cost for set-up, there is no reason to delay opening a trust for family members. In as little as 20 minutes for as little as $25 plus an administration license fee, your savings trust can be started.