I have been working in the financial industry for over 10 years. I work for one of the big 5 major commercial banks in the country. I work as a business banker. Here is couple things that I though that I can share with you all.

-Last year the banks introduced a new program that will reward you based on how much you keep in the accounts. Every bank has  different tiers for this with different names. Ask them about the reward programs they offer, they will be more than happy to tell you about them.

-Last year banks made a major hiring decision to prepare for the increased business from our affluent clients ? ( people with money ) over 300 new financial advisers were hired , and over 150 business bankers which I was a part of.

-Historically speaking banks would increase the sales goals by about 10-12 percent depending on how the economy was doing.

-This year in 2015 we have seen an increase of over 80 percent to our goals which is impossible to achieve ( unless there is something big that is going to happen RVVVV??)

-We are being told there is 4 different ways that banks would target their clients that will make them money quote on quote affluent clients which will make up only 20 percent of the banks clients but be responsible for over 80 percent of the revenue the banks generate ( people with money )

These are the different ways a bank will determine if you are a affluent client

          -Some one with a 500k mortgage

          -Some one that spends more than 20k on their credit card

          -Some one that has over 100k in payments and credits going in and out of their accounts

          -Some one that keeps more than 50k in their deposit accounts (on us )

-Every day in every huddle we are being told to focus on clients that have money and clients that are bringing in money to the bank and sell to them.

P.S.

Like Tony mentioned there is a black list out there be careful I have seen clients account close down recently and get put on a list called “DO NOT DO BUSINESS WITH ” Make no mistake if you abuse your accounts and do to many transcation that will raise a red flag like wires , a lot of withdrawals of cash or cashiers checks. Your accounts will be closed and you will be put on the list.

Everyday ask I go work I think about my goals and what I have to do to achieve them, and something tells me don’t worry you will soon leave this job and move on to bigger and better things

Don’t loose hope its very close , banks are preparing for it. !!!!

( GO RV ) !!!!!