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Customer Journey in Banking: Visual Guide, Mapping Steps & Fixes: №1
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Customer Journey in Banking: Visual Guide, Mapping Steps & Fixes

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Coming to a bank, every client expects an individual reception, to-the-point contact, and efficient service. A digital banking customer journey must be organized accordingly, while making each basic process even simpler, more efficient, and better personalized. 
To achieve a CX that really hits the spot for banking app or platform users, each step of their journey should be planned out, analyzed, and optimized where possible. But before actually implementing a good, practical CX design, you must first visualize it.

This guide will help you get a better picture of a high-quality CX structure for a banking solution. It includes a big visualized bank customer journey map example, analysis of each stage, and some extra insights. But first.

What is a customer journey in banking?

Customer Journey in Banking: Visual Guide, Mapping Steps & Fixes: №1

A banking customer journey is unique in its concrete, industry-specific expectations, processes, actions, and sets of services. There are only so many reasons why a person would need to visit a bank, so the overall demands they have for this or that banking provider are usually pretty set and straightforward. 

They expect their bank to secure their money, make it accessible, and help them manage or grow it with minimal friction. In most cases, customers approach a bank with a defined need in mind: opening an account, applying for a loan, resolving a financial issue, or accessing funds.

Since the core functionality remains similar in every other bank, it becomes much more important to focus on the customer’s sentiment to engage and satisfy them. 

What makes the journey unique is not the complexity of goals, but the emotional and experiential nuance surrounding each step. Consider the emotional contrast between:

  • Opening a savings account for a child’s future (hope, responsibility)
  • Calling to dispute a fraudulent charge (stress, urgency)
  • Seeking a mortgage for a first home (nervous optimism)
  • Trying to navigate overdraft fees (confusion, frustration)

Each of these scenarios represents a clear customer intent, but the way banks handle those interactions—whether through a smooth app flow, a helpful advisor, or a cumbersome queue—can dramatically affect the perception of the brand.

The bank customer journey is also highly expectation-driven. Customers come in with a mental checklist:

  • “Is this mobile app quick to figure out?”
  • “Can I reach someone when I need help?”
  • “Do they charge fees I don’t understand?”
  • “Are they helping me improve my financial health or just holding my money?”

For banks, this predictability creates an opportunity to optimize known pathways with precision. Unlike other industries that thrive on surprise or variety, banking success often depends on consistency, speed, transparency, and trust.

That’s why customer journey mapping in banking is about fine-tuning core moments, minimizing effort at critical steps, and meeting customers where they are, whether on a smartphone at midnight or at a branch desk on a Monday morning.

A visual breakdown of a typical banking customer journey

Infographics text:

  • Awareness: The customer becomes aware of the bank's offerings through advertisements, word-of-mouth, or online presence.
  • Consideration: The customer evaluates the bank's products and services, comparing them with competitors.
  • Decision: The customer decides to engage with the bank, perhaps opening an account or applying for a loan.
  • Onboarding: The customer undergoes the process of setting up their account, which may include identity verification and initial deposits.
  • Engagement: The customer actively uses the bank's services, such as mobile banking, ATMs, or in-branch visits.
  • Retention: The bank works to maintain the customer's loyalty through personalized offers, excellent customer service, and consistent value delivery.
  • Advocacy: A satisfied customer recommends the bank to others, becoming a brand advocate.

Banking customer journey stages under the microscope

As you can see from the infographics above, a banking customer journey map is quite logical and linear. The trick is to try and get inside the customer’s head, digging into the details of each stage. 

What precedes and triggers it? How this or that stage is actually reached by the customer? And how can it be improved? Let’s break this down:

Stage 1: Awareness

It all starts with an attention-grabber of some sort: a customer becomes aware of the bank or its app through ads, social media, influencers, reviews, or personal recommendations.

This customer may be led to the bank’s service through a variety of channels—TV, Google search, Instagram ads, YouTube sponsorships, you name it.

As a banking provider, while you cannot impact potential customers too directly at this stage, there are a bunch of well-tried strategies that help boost the bank’s brand awareness:

  • Do consistent, insightful SEO
  • Work on your brand identity
  • Keep marketing messages clear

Stage 2: Consideration

The stage of consideration is the first transitive part of the bank customer journey, where the customer either starts to carry out their initial direct actions with it, or not. At this point, a customer may want to:

  • Research the bank’s service reviews
  • Compare fees, loan conditions, or premium account prices
  • Check the features of the dedicated app
  • Read user opinions

Working on this stage of the banking customer journey and CX, the best user-oriented thing you can do is accommodate these initial needs of customers. You can:

  • Provide a simple comparison tool of your own (e.g., a price calculator)
  • Offer more interactive app features
  • Publish transparent pricing and benefit details

Stage 3: Decision

Once a customer decides to approach the bank, this is your conversion moment, and it is extremely important to work it through. The initial customer interactions are crucial milestones of the CX you provide that can define much of its success at this early point of entry. 

To be more precise, the conversion moment happens once a customer signs up (and, ideally, applies for a service). However, this baseline decision can also be easily influenced by several factors. 

How easy was it to find, install, and interact with the app? How much trust does it induce? And what incentives does it offer? To streamline these initial stages and motivate new conversions, you should:

  • Reduce application friction
  • Clearly outline UI/UX steps
  • Provide real-time help via chatbots or live agents

Stage 4: Onboarding

After a new customer signs up and discovers the bank’s app, the next logical stage of the bank customer journey map is the introduction of the bank and its services. The new customer must be met with all honors right after their first login. 

This is where they may like to upload a digital or provide a physical ID or other documents. And if the user is somebody more than a physical entity (e.g., a business or a major entrepreneur), this stage may also need to involve a KYC verification procedure. 

It is crucial to onboard—explain and instruct—each step of the way for the user and guide them through their first transaction. Make sure to provide clear instructions for every major action and its consequences (e.g., “press “Send” to complete the transactions).

To accommodate all of the above, make sure also to implement:

  • Biometric verification
  • e-Signatures
  • A personalized welcome flow or in-app onboarding tour

Stage 5: Engagement

Once the bank’s new customer starts using its app or platform to its full extent, on a regular basis, the new main priority should also be set—focus on this customer’s engagement and continuous retention. 

The level of engagement and retention you achieve will reflect the overall usability of your app and the relevance of services. But you, of course, need to stimulate and accommodate the ongoing app use as much as you can.

Customers will want to regularly and frequently access services like personal balance, bill payments, transfers, investments, or savings insights. For this reason, you should prioritize implementing a feature-rich and responsive app equipped with a well-structured CX.

For extra usefulness, you can implement:

  • Smart nudges, suggestions, and automated offerings
  • Real-time balances
  • Personal savings goals with analytics
  • Budget tracking tools

Stage 6: Retention

Engaging customers while they are using the app or platform is one thing. But retaining them long-term, so that they eagerly return to your brand even after some time spent offline, requires a different set of incentives and strategies.

A lot depends on the level of personalization and sense of individual progress maintained by the customer. You should also incentivize day-one customers and loyal users. 

You can offer:

  • Personalized rewards
  • Loyalty offers
  • Financial health coaching
  • Individual issue resolution

Pro tip: Build AI-driven engagement models that learn from behavior and adjust offers or alerts accordingly.

Stage 7: Advocacy

A smooth, simple, and intuitive digital banking customer journey that satisfies all of the target user’s needs leads to the most sought-after thing for every brand: when customers start to advocate for your brand. 

This dedication results in further customer loyalty, which is another pillar of any commercial operation’s success. You can identify and incentivize the most active advocates of your brand by analyzing the indicators like:

  • Positive reviews
  • Referrals
  • High NPS (Net Promoter Score)
  • Big social shoutouts

Furthermore, to stimulate word-of-mouth and other forms of brand advocacy, you should:

  • Launch referral programs
  • Ask for feedback at the right time
  • Showcase customer success stories

How to map the customer journey in banking step by step

Customer Journey in Banking: Visual Guide, Mapping Steps & Fixes: №2

Yes, you need to do a lot of preliminaries and analyses to structure an efficient map. But let’s move on and learn how to handle customer journey mapping in banking, shall we? Just make sure to go step-by-step, priority-by-priority.

#1 Set the objectives

Set the overarching goals first. What end results are you looking to achieve with the customer journey map for banking? Start with improving customer satisfaction and maximizing the UI/UX intuitiveness, and branch out from there.

Other goals may include: 

  • Setting up cross-channel service availability
  • Improving NPS
  • Boosting mobile app adoption
  • Improving conversion rates and revenue
  • Automating routine touchpoints
  • Reinforcing cybersecurity mechanisms

#2 Work with customer personas

In order to satisfy your target customers, you should get to know them better first. For this, segment your customer base and put different groups of users under the microscope, to understand different needs and behaviors. 

For a banking customer journey map, segment your target audience of users by: 

  • generation
  • occupation
  • level of income
  • life stage
  • business/entrepreneurial involvement
  • digital behavior

Since people aged 16-90+ all use their banks, a banking app’s TA should cover pretty much every generation and occupation, you might think. However, it is your job to discover which segments prefer your bank and your app over the others. 

This knowledge will help you personalize accordingly and double down on beneficial opportunities. But to achieve that knowledge, you will need data. 

#3 Collect and accumulate data

To map out the most desired actions and stages for your users, you can gather data firsthand, through surveys, interviews, and analytics.

You can gather a lot of useful data from sources like:

  • Call center logs
  • In-app behavior analytics
  • CSAT surveys
  • Social media analytics

Combine all the data you have accumulated and be open to using built-in and additional data analytics tools to acquire valuable insights. Then, create touchpoints for the most efficient customer interactions.

#4 Map user touchpoints

At this point, you will need to identify all customer interactions across various channels and stages. Where does a new user begin their customer journey in digital banking, what possible routes can they take, and what could put them off?

To speed up and automate this task, use specialized user journey mapping tools:

These offer features to visualize every interaction, structure and color code it, and tag an associated feeling of a banking customer. 

For a more in-depth, personalized user journey mapping, you’ll need expertise. Turn to SimplyContact for individual CX improvement.

Book a consultation
Customer Journey in Banking: Visual Guide, Mapping Steps & Fixes: №3

#5 Analyze emotions

Assess customer sentiments at each touchpoint to pick out the major pain points and moments of delight and satisfaction. Right off the bat, mind the most common potential pains, like:

  • Long wait times
  • Confusing navigation
  • Lack of human support

Complete your customer journey map for banking with ideas and objectives for eliminating and streamlining  each of the above:

  • Prioritize high-performance, lightweight app design
  • Keep the UI simple and provide user instructions
  • Provide built-in live chats or automated calls

#6 Identify more opportunities

Spot areas for improvement and innovation to enhance the customer experience where you can. Mind the moments like fraud alerts, loan approvals, and overdrafts—these processes influence user trust and satisfaction the most.

One more important thing: Make your customer journey research omnichannel—analyze how customers interact with various channels, such as email, SMS, and WhatsApp, and identify redundancies and inconsistencies in messaging.

#7 Implement changes

Develop and execute strategies to work through all the discovered issues and capitalize on opportunities. This is where you will need some specialized assistance if you wish to achieve efficient, holistic fixes for your bank app’s CX.

You may want to involve compliance, IT, marketing, service, and product teams here. Or you can take an easier route and opt for readymade customer support solutions or outsourcing opportunities.

#8 Monitor and update

Your complete map should not stay static. Regularly review and update the journey map to reflect changes in customer behavior and market conditions. Make sure to review and re-audit your bank customer journey map at least quarterly.

To refine and further personalize your map, use baseline KPIs like:

  • First Contact Resolution (FCR)
  • Customer drop-off rates
  • Customer Life-Time Value (CLTV)

If any of these go significantly lower, it is time for UI/UX re-evaluation and adaptation. 

Most common pitfalls in customer journey mapping

Working on your customer journey in digital banking, make sure to not fall for:

  • Neglecting customer feedback: Relying solely on internal data without incorporating customer insights will misguide your strategies.
  • Overlooking emotional aspects: Focusing only on transactional data without considering customer emotions, you’ll miss critical pain points.
  • Static mapping: Treating the journey map as a one-time project rather than a dynamic tool can render it obsolete.
  • Ignoring technological integration: Not leveraging AI and automation can hinder the ability to personalize and optimize the customer journey.
PitfallResults inHow to fix
Siloed teamsIncomplete view of customer experienceCreate a journey ownership team across departments
Static journey mapsOutdated insights and missed trendsMake it a living document—update with behavioral data regularly
Ignoring emotionsMissed loyalty leversInclude qualitative insights like interviews, open-text surveys
OverengineeringComplex changes that confuse usersPrioritize changes that customers will notice and value
Tech blind spotsLack of automation or personalizationIntegrate with CRM, core banking, and AI platforms

Final thoughts

We hope this article equips you with essential knowledge, gives you some fresh ideas, and inspires your next CX enhancement. The banking customer journey map example we provide is only the foundation on which you should build your own, unique experience to offer for your customers. 

FAQ

How often should banks update their customer journey maps?

Banks should review and update their customer journey maps at least quarterly, or more frequently if significant changes in customer behavior or market conditions occur. 

Is customer journey mapping only for retail banking?

No, mapping of customer journeys in banking is applicable across all banking sectors, including corporate and investment banking, to improve client experiences and operational efficiency.

Can customer journey mapping improve regulatory compliance in banking?

Yes, by identifying and addressing compliance touchpoints within the customer journeys in banking, banks can proactively mitigate risks and ensure adherence to regulations. 

Can AI improve the banking customer journey?

Absolutely. AI can analyze vast amounts of customer data to provide personalized experiences, predict needs, and automate processes, helping to ultimately polish out and enhance the overall customer journey in banking.

Ready to transform your customer experience?

At Simply Contact, we specialize in creating personalized customer support solutions that drive business growth and customer satisfaction. Let us help you elevate your customer experience and stand out from the competition.

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