Episode 58 - How Much Should Your Bank or Credit Union REALLY Spend on a New Website?

Meredith Olmstead, CEO of FI GROW Solutions, and Duncan Craig, leader of agency Raka, discuss the importance and budgeting for websites, especially for financial institutions.

Key Takeaways:

1. A well-budgeted website for financial institutions should range around $150,000 to ensure quality, strategy, and flexibility.
2. Underspending on websites can lead to reduced functionality, lesser shelf life, and possible non-compliance with ADA standards.
3. Financial institutions need to prioritize their online presence as it is often the primary point of engagement for most customers today.