As part of its strategy to increase customer deposits, FirstBank announced Wednesday the launch of “Cuenta 1,” a checking account for individuals that carries no service fees, does not require a minimum opening balance or minimum monthly balance.
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QUOTE OF THE WEEK:
“In today’s environment of heightened uncertainty, consumers are encouraged to prioritize financial prudence, disciplined expense control and effective budgeting to mitigate further stress on their finances.
A ‘wait-and-see’ approach may serve the Fed, but not consumers.”
— Leslie Adames, director of analysis and economic policy, Estudios Técnicos
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