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And who ultimately pays for raised costs at banks? I’m guessing it’s less like the C-class, and more like the individual depositor/personal-loan-class. HN read
by jonhohle 4y ago
And who ultimately pays for raised costs at banks? I’m guessing it’s less like the C-class, and more like the individual depositor/personal-loan-class.
HN readers should be acutely aware of this as being entrepreneur-savvy. If your costs go up (unexpected FDIC assessment) you either are immediately less profitable, or you raise prices and past the cost to your customer. Banks are the Chris Paul of passing costs on to their customers.
tl:dr new fees for banks is increased fees for customers.
- dyno12345 4y agoit's proportional to account size