4 ms·

>It is $5/mo for accounts with less than $1000, but you're not going to get better than that at a bank. What? It costs money to lend your money to the bank in

>It is $5/mo for accounts with less than $1000, but you're not going to get better than that at a bank. What? It costs money to lend your money to the bank in the US?

maxerickson 9y ago
At lots of places, yes. They usually wave the fees for modest account minimums or accounts that regularly deposit paychecks. There are enough banks/credit unions that don't charge fees that it is more of a way of asking people not to open an account than it is a problem with access to banking.
thinkling 9y ago
Not just in the US. I encountered fees in several countries in Europe (definitely NL).
- briandear 9y ago
  France for sure. Banking is ridiculous here in terms of fees.
- falsedan 9y ago
  Australian ATM fees are ridiculous, $0.50 for in-network and $2 for out (at CBA). On top of 0% interest too.