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>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)..?
by 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.