What incentives might you find with traditional banking?

The correct answer highlights that traditional banking can offer higher interest rates for savings or cashback offers, which serve as incentives for customers. Many traditional banks use these incentives to attract and retain customers. When customers deposit their money in savings accounts, banks often offer competitive interest rates to encourage savings. Additionally, banks may provide cashback offers on certain transactions or payments made with their issued credit or debit cards, creating an attractive benefit for customers who want to earn rewards on their spending.

While other choices might suggest certain benefits, they do not fully encapsulate the range of incentives typically found within traditional banking. For example, low fees can be appealing, but they don’t necessarily provide the same level of motivation for customers to choose one bank over another. Free checks might be a minor benefit but lack the broader appeal of earning interest or cashback. Personalized investment advice is often more associated with investment firms rather than standard banking practices, making it less relevant to the incentives provided by traditional banking institutions.