4 ms·

In 2023, JP Morgan Chase collected $1.1 Billion in overdraft fees https://www.consumerfinance.gov/data-research/research-reports/data-spotlight-overdraft-nsf-r

by x13 2y ago

In 2023, JP Morgan Chase collected $1.1 Billion in overdraft fees https://www.consumerfinance.gov/data-research/research-reports/data-spotlight-overdraft-nsf-revenue-in-2023-down-more-than-50-versus-pre-pandemic-levels-saving-consumers-over-6-billion-annually/ https://www.consumerfinance.gov/data-research/research-repor...

Lopsii 2y ago
I saw this and i thought it was wild but trust me from the inside that is just pennies. I promise.
- krapp 2y ago
  Given a choice between having a billion dollars and not having a billion dollars, they're still going to choose to have a billion dollars.
- thfuran 2y ago
  I'm sure it's a lot more than it costs them to collect the fees.