All the things you describe could result in an amazingly improved experience for customers, letting them better control their finance, and understand where thei

All the things you describe could result in an amazingly improved experience for customers, letting them better control their finance, and understand where their money goes. Sadly, this is not how banks become rich. Banks become rich by letting their customers spend a lot of money they don't have, then charging them insane interest rates that will often result in them paying back multiple times what they originally owed. Having moved to the US from a country where the idea of a credit card is close to inexistent (people take loans to buy a car or a house, or start a business - but certainly not to buy a TV), it took me a while to fully wrap my head around how insane the credit system was in the US, and how its only outcome can be very rich and powerful financial institutions leeching money from average citizens.