Re:Why is everyone a bank?
by kaushikktiwari on Tuesday November 19, 2019 @12:40AM
(#21570880)
We make money off interchange--its protected by regulation for small banks and we partner with those small banks in return for them getting to keep our deposits. No one is getting squished---there are regulations protecting banking from being monopolizes. Big banks win because of branch networks and that doesn't matter for online banks
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