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).
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.
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).