> Another piece of the puzzle is that a single new bank isn't going to have it a whole lot better when it comes to interbank stuff (probably they have it worse,

> Another piece of the puzzle is that a single new bank isn't going to have it a whole lot better when it comes to interbank stuff (probably they have it worse, having to build useful relationships). Interbank transfers -- wire and ACH -- are processed through central clearinghouses. You just show up with a copy of your bank charter, pay the fees, and you're now on equal terms with any other bank when it comes to moving money around. The hard part is getting that charter in the first place. Just two months ago, the Bank of Bird-in-Hand, Pennsylvania became the first new consumer bank to be chartered in the United States since 2010. One bank, in the past three years. It was huge news in the banking world, even made the Wall Street Journal and the Financial Times. It's an Amish bank -- they have a drive-through lane for horses and buggies.