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BND's purpose isn't to be a consumer bank. Part of what BND does is BND provide services to other local consumer banks who provide more consumer oriented servi
by duxup 2y ago
BND's purpose isn't to be a consumer bank.
Part of what BND does is BND provide services to other local consumer banks who provide more consumer oriented services.
- abeppu 2y ago> BND's purpose isn't to be a consumer bank. I think it's trying to also offer consumer services? The article intro says > It is the only government-owned general-service bank in the United States. In the 'Services section it says > direct lending to private borrowers And their website has details on a range of basic products for the public: https://bnd.nd.gov/bank-services/public/checking-savings/ https://bnd.nd.gov/bank-services/public/checking-savings/ https://bnd.nd.gov/bank-services/public/online-and-mobile-banking/ https://bnd.nd.gov/bank-services/public/online-and-mobile-ba...
- duxup 2y agoBND has consumer services, but they're not competitive with day to day banking services provided by local banks. I knew people with accounts there, it was more of a matter of pride that they did their banking there than any other reason.