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A comment on Walmart Canada stops accepting Visa cards. Parent comment

Re:Walmart Canada stops accepting Visa cards by dragontamer on Sunday June 12, 2016 @10:57AM (#11888358)
What's the interest rate on your savings account?

Because the bank is buying Treasuries at ~1% or so and making money off of your deposits, and is likely only giving you 0% or maybe 0.05% interest.

If you've got $10,000 in the bank, that's basically a profit of $100 / year that the bank is getting from your account.

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Re:Walmart Canada stops accepting Visa cards by morgante on Sunday June 12, 2016 @11:11AM (#11888413)
My interest rate is maybe 0.3%, so they're definitely making money on that.

But that's not a "fee." Obviously banks cover their operating expenses somehow. That doesn't mean they charge me to have an account or to deposit cash (in fact, charging for deposits would be counterproductive).

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Re:Walmart Canada stops accepting Visa cards by dogma1138 on Sunday June 12, 2016 @11:36AM (#11888537)
They do it directly or indirectly, I don't know how US banks works but usually over the world bank accounts vary accounts with no/low fees give low interest and vice versa.
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