With more financial service companies offering checking accounts, banks could lose ground in retail deposits, a recent survey suggests.

The survey of 825 checking account holders and prospects found that one in seven was "very likely" to consider opening a checking account with a company other than a bank. Companies considered by respondents were mutual fund companies, brokerage firms, credit card companies, insurers, retailers, software companies, and Internet service providers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.