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Would the bank make 175M from 4M customers?
by lordnacho 4y ago
Would the bank make 175M from 4M customers?
- cartermatic 4y agoI think over a long enough term they would. It's about ~$44 a customer (assuming 100% retention). Once they're in the Chase ecosystem, it's easier for Chase to get them to add Chase credit cards, use Chase for a mortgage, interchange fees, minimum balance fees and so on.
- lordnacho 4y agoYeah I guess it's not totally crazy. I can see a couple of overdraft fees being enough.