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It's not about opening accounts, it's about monthly fees. If banks can't make money from debit card transactions they'll have to charge account holders directly
by diebeforei485 3y ago
It's not about opening accounts, it's about monthly fees. If banks can't make money from debit card transactions they'll have to charge account holders directly.
- rantallion 3y agoIn the UK, bank accounts rarely cost anything and debit cards come for free as standard. Banks are still profitable. I would hazard a guess that most banks in fact make most of their money through lending your funds to other people.
- jopsen 3y agoThat sounds more like you need to give poor people more money. Not even that much, just a little. Not that you need to fight caps on card fees.