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True. At the same time, don't forget that banks charge business a small fee to deposit cash into their bank account. For example: https://www.tdcanadatrust.com/
by nayuki 10y ago
True. At the same time, don't forget that banks charge business a small fee to deposit cash into their bank account. For example: https://www.tdcanadatrust.com/products-services/small-business/fees.jsp https://www.tdcanadatrust.com/products-services/small-busine...
- csdreamer7 10y agoThat's for Canada. In the US I have seen a lot of business checking accounts accept the few bunch of checks for free. ACH transfers are unlimited. They even fee cash and coin deposits. I have never had a bank charge a fee for cash (or coin) deposits.
- tveita 10y agoIn Canada the Interac debit card network has transaction fees on the order of a few cents. It's crazy how much money US payment processors manage to skim off.
- throwawaydbfif 10y agoIt's crazy that having a couple huge companies that silently collude to maintain their existing market share somehow isn't antitrust