Great post that provides an overview of recent changes in banking. Something you should add here is that free banking is also made possible due to the economic

Great post that provides an overview of recent changes in banking. Something you should add here is that free banking is also made possible due to the economics of the Durbin Amendment of the 2010 Dodd Frank act that allows smaller financial institutions to charge a higher interchange fees on debit transactions. Most Fintech/Neobank players like Chime fall into this bucket and they are able to fund the operational cost of the checking account with the interchange fees of the debit card.