Implications: We often refer to this as a complexity cost... because burden of changing providers is greater than staying with one you’re not happy with. But the danger of this scenario is relative, and quite subjective; at any time, the consumer (or lots of consumers) could say, “Okay, enough is enough,” and devote a Saturday to tracking down each of those online/automatic relationships, and severing the account.
If you’re the bank, how do you make people stick with you… because they want to?! Or, if you’re a competitor, how could you make switching easier… and become the destination for unhappy customers? (Think in terms of the “15 minutes could save you 15%” campaign from Geico, or Progressive’s “We’ll give you our price, and the rates of all our competitors.”)