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If banks didn't make money on customer accounts they wouldn't offer customer accounts.
by malfist 9mo ago
If banks didn't make money on customer accounts they wouldn't offer customer accounts.
- direwolf20 9mo agoThey're not making a loss, but it's not a lucrative business.
- octoberfranklin 9mo agoThey get political clout from it. They're keeping the people corralled into a payment system that politicians can easily influence. Jamie Dimon is the most popular banker in Washington because Chase has (by far) more retail depositors and retail deposits than any other bank. That's power.