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You would be amazed at how much money a bank can make on card interchange (the fee they earn on every card transaction you make). Also most central banks don’t
by avianlyric 6y ago
You would be amazed at how much money a bank can make on card interchange (the fee they earn on every card transaction you make).
Also most central banks don’t have negative base rates, so some money can still be earned from deposit interest. But COVID has of course slashed that revenue stream.
- rb808 6y ago> You would be amazed at how much money a bank can make on card interchange Not in Europe. Do you have any links? > Also most central banks don’t have negative base rates, OK not negative, just zero Eurozone is 0%, UK is 0.1%, Scandies are zero or 0.05% https://www.global-rates.com/interest-rates/central-banks/central-banks.aspx https://www.global-rates.com/interest-rates/central-banks/ce...
- avianlyric 6y agoNot that are publicly available. But I do work in large fintech, and know how much revenue we make from interchange and it way more that you expect. While interchange in the EU is capped, it’s not zero. And interchange earned from customers travelling abroad in countries with very high interchange rates is quite significant.