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Bounce fees are highly profitable. Large banks earn over a billion dollars in bounce fees yearly each.
by gscott 4y ago
Bounce fees are highly profitable. Large banks earn over a billion dollars in bounce fees yearly each.
- metacritic12 4y agoThis is true, but bounce fees are a minority of bank revenue. I just pulled the BofA 2021 10K [1] and it shows $3.5bln in service charges, but $24bln in interest income. [1] https://imgur.com/a/cGjM5Gi https://imgur.com/a/cGjM5Gi