# Account hopper

- Canonical URL: https://www.gerhardmerk.de/account-hopper
- Post ID: 590593
- Modified: 2023-07-25T20:46:55+00:00
- Language: en

## Definition

In banking jargon, customers who open an account with a bank for only a short period of time - usually only in order to take advantage of favorable services offered by that bank - but then close the account again and switch to another bank. Such "mobile customers" cause high costs, which have to be paid by everyone through cross-subsidization. - It is debatable whether account hopping can be curbed by appropriate clauses in the terms and conditions. In this case, an institution would have to charge a commission if the account is terminated before the end of a certain period. - See Chasing Winner, Least-Cost Customer, Noise Traders, Scalpers, Switcher, Interest Rate Bargain Hunters, Debt Restructuring Bubble. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1