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A comment on Walmart's effort to get customers to build up their savings accounts. Parent comment

Re:Walmart's effort to get customers to build up their savin... by batiudrami on Monday May 08, 2017 @11:12PM (#14297469)
>It is $5/mo for accounts with less than $1000, but you're not going to get better than that at a bank.

What? It costs money to lend your money to the bank in the US?

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Re:Walmart's effort to get customers to build up their savin... by maxerickson on Monday May 08, 2017 @11:19PM (#14297494)
At lots of places, yes. They usually wave the fees for modest account minimums or accounts that regularly deposit paychecks.

There are enough banks/credit unions that don't charge fees that it is more of a way of asking people not to open an account than it is a problem with access to banking.

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Re:Walmart's effort to get customers to build up their savin... by thinkling on Tuesday May 09, 2017 @01:12AM (#14297871)
Not just in the US. I encountered fees in several countries in Europe (definitely NL).
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Re:Walmart's effort to get customers to build up their savin... by falsedan on Tuesday May 09, 2017 @07:49AM (#14299182)
Australian ATM fees are ridiculous, $0.50 for in-network and $2 for out (at CBA). On top of 0% interest too.
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Re:Walmart's effort to get customers to build up their savin... by briandear on Tuesday May 09, 2017 @04:27AM (#14298487)
France for sure. Banking is ridiculous here in terms of fees.
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