The entire concept of a “bank fee” is insane. “Interest” is supposed to mean that the bank pays YOU a not-insignificant amount in exchange for using your money

The entire concept of a “bank fee” is insane. “Interest” is supposed to mean that the bank pays YOU a not-insignificant amount in exchange for using your money (otherwise, you could put your money anywhere, and not use their services!). Yet you need to keep thousands of dollars hung up, out of reach, to amass more than a few pennies of “interest”. Meanwhile, a single ATM will cost more than you probably gain from a YEAR of interest income, and the slightest error will result in a fee that burns a couple of days of lunch money. Then the bank has the audacity to drag its damned feet to let you transfer money between banks, usually taking several days (even though debits go through so fast you weren’t even sure you’d clicked the BUTTON yet). And this is all before we even consider that banks are probably selling your information, and they have been caught intentionally rearranging transactions to maximize fee collection, etc. This doesn’t mean that banks are completely useless (bill payments are quite convenient, etc.) but let’s not pretend they don’t need several laws put in place to turn them back into good citizens.