MoneyAisle.com, an online lead-aggregator for attracting deposits for small banks, announced a partnership with uMonitor to add instant online-account opening and funding capabilities for its auction-based delivery model.
Approximately 100 community and regional institutions “bid” for consumers who are searching for better-yielding checking and savings account options through MoneyAisle, which was launched in June by neoSaej Corp. of Burlington, MA. The uMonitor service now gives banks the opportunity to get a higher percentage of these customers to commit, especially as more consumers spooked by the prospect of bank failures look to diversify with multiple accounts.
“Accounts are typically opened within minutes and banks receive funds to re-invest immediately,” says Mukesh Chatter, president and CEO of MoneyAisle.
