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Less money in your account = less money for the bank to loan out and make money from Not when it's in their pocket. If banks wanted you to spend money, they w
by detst 16y ago
Less money in your account = less money for the bank to loan out and make money from
Not when it's in their pocket.
If banks wanted you to spend money, they wouldn't give you fee waivers [...]
Doesn't that just re-enforce the behavior of spending? Why worry about it when it'll be waived?
[...] and higher interest rates
Waiving fees and giving higher interest is out of fear of you taking your money somewhere else.
- jrockway 16y agoWaiving fees and giving higher interest is out of fear of you taking your money somewhere else. Uh, exactly? When you buy useless crap from Walmart, that's bad for the bank. When you save your money, that's good for the bank. Yup, they make money off of your good habits and bad habits. Hedging. :)