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A comment on Robinhood launches 3% checking account. Parent comment
My rough calculation based on the data here[0] suggests it would be at least 60% lower than that:
$200 x 12 months = $2400 txn value $2400 / $35 = 69 transactions 69 * $0.35 = $24 interchange fees
What am I missing?
[0] https://www.federalreserve.gov/paymentsystems/regii-average-...
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My rough calculation based on the data here[0] suggests it would be at least 60% lower than that:
$200 x 12 months = $2400 txn value $2400 / $35 = 69 transactions 69 * $0.35 = $24 interchange fees
What am I missing?
[0] https://www.federalreserve.gov/paymentsystems/regii-average-...