Bank’s creative new idea for terms and conditions

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An Australian bank has come up with a creative idea in a bid to try and get customers to actually read legal contracts before agreeing to them.

The West Australian subsidiary of Commonwealth Bank has rolled out visual terms and conditions for its everyday transaction account.

Bankwest chief customer officer, Paul Vivian said a vast number of customers do not engage with the legal contracts when starting up a new banking product. “Our research has shown that people are far more likely to engage with the comic contracts than the text-based terms, and research in psychology shows that images help people to associate and remember things better,” Dr Andersen said.Source:News Corp Australia

 

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Great idea for me as I am a visual learner.

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