Walmart's effort to get customers to build up their savings accounts

Re:Walmart's effort to get customers to build up their savin... by ErrantX on Tuesday May 09, 2017 @02:15AM (#14298066)

> There aren't many any more...

...in the US.

In the UK its the opposite; the majority of checking accounts are free, some premium accounts charge a fee but generally come with rewards.

Overdrafts; there are fees for unarranged overdrafts, but its reasonably trivial to arrange a limit and this is generally fee-less (naturally you pay interest; mine is 1.2% calculated daily)

ATMs are largely free regardless of who your bank is.

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Re:Walmart's effort to get customers to build up their savin... by briandear on Tuesday May 09, 2017 @04:23AM (#14298477)

In France they sure aren't free. Banks even charge a monthly fee for a debit card in addition to a monthly account maintenance fee. Of course banking in the France is stuck in the 1980s with many banking transactions requiring an actual visit to your specific bank branch and a consultation with your personal banker.

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Re:Walmart's effort to get customers to build up their savin... by ErrantX on Wednesday May 10, 2017 @06:16AM (#14307121)

Interesting; my perspective (working in the finance industry) has been that European banks are ahead of the curve with technology and, importantly, technology for customers. It sounds like maybe not?

[ Parent | on HN ]