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A corporation at the end of the day has it's owners interests at heart, with a large bank like Bank of America their owners and their customers are separate gro
by cwmma 11y ago
A corporation at the end of the day has it's owners interests at heart, with a large bank like Bank of America their owners and their customers are separate groups and their interests may be odds. When the customers AND the owners are the same interests tend to align and you are less likely to be in a situation where you feel your bank does not have your best interest at heart.
- bko 11y agoCan you expand? It's easier now that ever to switch and compare banks. It's fairly competitive. But my original point was that the banks are losing a lot of money on small accounts, so obviously they're not trying to compete for them and merely offer and service those accounts due to pressure of regulators and to earn public good will.