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People don't explicitly pay for bank accounts anymore -- remember when "free checking" was a big deal? So it actually did have some benefits for consumers.
by TulliusCicero 6y ago
People don't explicitly pay for bank accounts anymore -- remember when "free checking" was a big deal? So it actually did have some benefits for consumers.
- virtue3 6y agoI feel like that was... in the 90s? BoA is still only free if you have direct deposit or some such I'm pretty sure. The automation started in the late 70s at least tho. The other child comment about banks and lack of competition I think really hits this on the head.