Marquette Banks to Offer On-Line Banking Services via Intuit's Quicken Software

Strategic Insights -

Marquette Banks, a Minnesota-based financial institution, has announced its partnership with Intuit to offer on-line banking services to its customers using Quicken software. This move makes Marquette Banks one of the first banks in the country to provide such services, with operations set to begin in the fall of 1995. The service will allow customers to access their accounts, pay bills, and manage their finances remotely, leveraging the convenience of personal computers and financial software.

Key Takeaways:

  • Marquette Banks will be the first financial services provider in Minnesota to offer on-line banking services via Quicken software, aligning itself with Intuit as one of only 20 financial institutions in the country to do so.
  • The service will be available to customers with a PC, allowing them to access their accounts, pay bills, and manage their finances remotely.
  • Quicken services will begin operation in the fall of 1995, leveraging the integrated family of financial solutions provided by Quicken, including routine finances, investing, tax preparation, financial planning, and business bookkeeping and payroll.
  • Small business customers will be able to download credit and charge card charges for travel and other business expenses into Quicken.
  • Intuit pioneered computerized personal finance management with the introduction of Quicken in 1984 and has since become the best-selling software application in retail stores.

Statistics:

  • Marquette Banks has $1.2 billion in combined total assets as of March 31, 1995.
  • The Marquette Banks have 34 offices in 23 Minnesota communities.
  • The Pohlads, owners of the Marquette Banks, own banks in ten states with combined total assets of $4 billion.
  • Intuit's Quicken is the best-selling software application in retail stores.
  • Intuit's QuickBooks and QuickPay are the nation's best-selling accounting and payroll software products.

Sources:

  • PR Newswire, "Marquette Banks to Offer On-Line Banking Services via Intuit's Quicken Software"
  • Intuit, "Quicken Product Overview"
  • Marquette Banks, "Marquette Direct Banking Division"