Email quickly emerged as an unsung hero during the pandemic. Branch availability and safety protocols changed almost daily. Government stimulus program rules changed weekly. No customer communication vehicle was as timely or cost-effective as email. But how else did bank marketers successfully deploy email, and what enduring lessons can be learned? Finally, for those who are revisiting which email system to use, what can they learn from their peers in terms of must-have functionality and pitfalls to avoid?
Most successful uses
Bank marketers have an eternal debate regarding sales versus service. This debate carries over into the optimal use of email communication. Community banks often fall on the side of service, emphasizes Jamie Conaghan, CFMP, vice president of marketing, Main Street Bank of Marlborough, Massachusetts.
“We are a relationship bank, so our email is relationship based,” Conaghan says. “We use it to establish trust and add value to our customers. We offer helpful information they can use and benefit from.” Jamie went on to say, whether it is fraud education, holiday hours notification or an invitation to a virtual seminar on HR recruiting, email is a very popular and effective medium.
Other community banks and larger institutions come down on the side of sales, such as Chad Murray, SVP marketing of Think Mutual Bank. “Email is our second most important connection point with customers, after personal interaction,” Murray says.
Read more: Email Marketing Success Lessons from the Pandemic
