This is going to be interesting. Sucky banking services are largely an American phenomenon. My bank in Norway has no physical offices and conducts all of its s

This is going to be interesting. Sucky banking services are largely an American phenomenon. My bank in Norway has no physical offices and conducts all of its services over the internet, phone or mail. There are (practically) no fees and the interest rates on its savings/checking accounts (there are interchangable, since there are no fees) are within 0.2% p.a. from the best that can be obtained anywhere in the country, regardless of capital amount. All funds are insured from bankruptcy through the national bank security fund. The young crowd almost never uses checks in Norway - all bills are paid online. The only problem with this system is speed and service - if you suddenly lose your credit/debit card, you will have a few days of worry while the bank sends you a new one. Identification can be complicated, since there isn't a person 15 minutes away that can physically talk to you and verify your identity. All in all, I think this is very promising. Someone needs to pull American banking into the 21st century. This guy will have problems with legislation and bureucracy and huge competitors, though..count on that.