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A comment on Credit Scores Can Run – and Ruin – Our Lives. Parent comment

Re:Credit Scores Can Run – and Ruin – Our Lives by gscott on Wednesday May 25, 2022 @12:41PM (#31506977)
Bounce fees are highly profitable. Large banks earn over a billion dollars in bounce fees yearly each.
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Re:Credit Scores Can Run – and Ruin – Our Lives by metacritic12 on Wednesday May 25, 2022 @05:35PM (#31510898)
This is true, but bounce fees are a minority of bank revenue.

I just pulled the BofA 2021 10K [1] and it shows $3.5bln in service charges, but $24bln in interest income.

[1] https://imgur.com/a/cGjM5Gi

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