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> Consumers suffer... how? Looked at bank fees recently? Why should it cost $50 to change some values in a database?

• simplecomplex 8y ago
  No, because there are no consumer bank fees for depositing and spending money. That’s what I and most consumers use a bank for. In the US, consumer banking is free. Most checking accounts have no cost and neither do the debit/credit cards. What $50 fees are you talking about? I’m assuming you mean interbank transfers ?
  • greycol 8y ago
    I'll say that the typical consumer in my country uses intra and inter bank transfers (nationally) for quick payments between other consumers(instead of say handing a mate a 20 dollar bill you'd just transfer it). Now personally I wouldn't be doing that if it cost $50 dollars (or even $5) instead of being free. On a side note I now understand the popularity of apps like venmo considering the environment they are in.
  • deleted 8y ago
    [deleted]