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My bank is a community-oriented one, and works on a "pay what you wish" model, but it's careful to suggest tiers: X pays for your account, X*2 pays for someone
by riffraff 4y ago
My bank is a community-oriented one, and works on a "pay what you wish" model, but it's careful to suggest tiers: X pays for your account, X*2 pays for someone who can't pay, Y funds whatever.
It makes you comfortable about the experience.
- vel0city 4y agoPay what you wish model? I sure would love my mortgage to be a 30 year at 0.01% APR. Something tells me if all the rest of the customers asked the same that bank wouldn't be around very long. Its not a bad thing for both parties to be up front with what is reasonable to them.
- riffraff 4y agoSorry for the confusion, I was only referring to fixed account management costs. They have been around for 25 years.
- adrr 4y agoI wonder how much people pay on average especially when most people don’t pay for bank accounts. Curious if your bank charges fees like overdraft?