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Fantastic, although not a peep from my bank. Articles seem to imply that it can work in complement to zelle, so that may extend it’s reach quite a bit, no?
by mixmastamyk 3y ago
Fantastic, although not a peep from my bank.
Articles seem to imply that it can work in complement to zelle, so that may extend it’s reach quite a bit, no?
- ProllyInfamous 3y ago>not a peep from my bank Why would a for-profit banking institution actively advertise for something that will affect its bottom line (e.g. transfer fees)..?
- mixmastamyk 3y agoMy bank doesn’t charge transfer fees. Not sure what that means, credit card fees? That’s charged by the network. Obviates old-fashioned wires I suppose but those are rare and fee sometimes waived. Probably save money by reducing employee headcount.
- constantcrying 3y agoBecause customers demand it and any bank which has it can attract customers from banks which don't. A system like that exists in Europe already, banks operate for profit there too.