3 ms·
It's really going to depend on the bank and what their business model is. eg, free consumer checking accounts have been heavily subsidized by interchange fees
by oasisbob 8y ago
It's really going to depend on the bank and what their business model is.
eg, free consumer checking accounts have been heavily subsidized by interchange fees for years.
There are more dollars in interchange fees collected in the US every year than there are dollars of fraudulent transactions.