3 ms·

This is an intentional strategy to increase the 'cost of regulation' so they can lobby against it and go back to accepting shoeboxes of cash through deposit win

This is an intentional strategy to increase the 'cost of regulation' so they can lobby against it and go back to accepting shoeboxes of cash through deposit windows.

jopsen 9y ago
Or they want to get rid of a business that doesn't borrow money... There is no money in banking services if they can't charge you extravagant fees. It's ironic :)
- MichaelDickens 9y ago
  If you deposit money into a bank, they can lend out that money and earn interest. They don't need to charge you fees to make money from your deposits.
  - jopsen 9y ago
    Interests is extremely low and following 2008 liquidity requirements in the EU are rather high. IMO, they could just do honest business and charge a flat fee for service :)
  - dx034 9y ago
    With current regulation they get punished for taking business deposits. Deposits from retail clients are "sticky", so can be realiably used for loans. Business deposits fluctuate so that the bank has to keep a large share as cash at negative interest rates.