4 ms·
Why? It seems almost impossible to take people's money, charge them fees for it, then loan it out again for interest and still lose money.
by BubRoss 7y ago
Why? It seems almost impossible to take people's money, charge them fees for it, then loan it out again for interest and still lose money.
- 55555 7y agoThey all charge almost no fees and there is almost no money to invest for interest. Monzo is very transparent with their financials and when I checked in mid 2018 their account balances totalled a mere 150 million USD. A single rich person might have that in an older bank.