Two things that immediately jump out: >> we would allow all of our account-holders to withdraw funds from any ATM at NO CHARGE (woo-hoo!). So he would just ea

Two things that immediately jump out: >> we would allow all of our account-holders to withdraw funds from any ATM at NO CHARGE (woo-hoo!). So he would just eat the interchange fees that the owners of the other ATMs/networks charge him? That would add up pretty quick. There's also the issue of the service fees that non-bank ATMs charge directly to the consumer - would his bank cover those as well? >> We would only give out credit cards to those who are qualified to receive one. How do you define this? And what happens when someone goes from "qualified" to "unqualified" (like when they lose their jobs) - a normal bank would just jack up the rate to cover the increased risk. Would he pull the card? More broadly, this guy has no idea how banks make money, or even what it is that banks do (hint: what they do with individuals is only a small part of it). It's also not one of those businesses you can just buy into - there's all sorts of issues about chartering, insurance, etc. Anyways, this seems like more an idea for a credit union as opposed to an actual bank. They're easier to start, have an existing legal framework for some of the more unorthodox ideas he's got, and are designed to appeal to a specific group of people with a common goal - which is exactly what he's talking about.