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A comment on The $42B Question: Why Aren’t Americans Ditching Big Banks?.

Re:The $42B Question: Why Aren’t Americans Ditching Big Banks? by johnthuss on Thursday December 08, 2022 @02:03PM (#33911718)
"People also are willing to pay for convenience and simplicity"

This is my reason for primarily banking at one of the large banks. I have my mortgage, checking and savings accounts all in one place and the physical bank and ATM is less than a mile away. That said, when I do have a large amount in savings I do move it to an online savings account with better rates.

[ Parent | on HN ]
Re:The $42B Question: Why Aren’t Americans Ditching Big Banks? by bityard on Thursday December 08, 2022 @02:15PM (#33911898)
Banks can and do sell mortgages to other banks and other financial institutions all the time. So just because your mortgage is with that bank now doesn't mean it will be forever.
[ Parent | on HN ]
Re:The $42B Question: Why Aren’t Americans Ditching Big Banks? by young_breezy on Thursday December 08, 2022 @02:59PM (#33912493)
So you have a single point of failure
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Re:The $42B Question: Why Aren’t Americans Ditching Big Banks? by johnthuss on Thursday December 08, 2022 @04:40PM (#33913895)
It's too big to fail ;-)
[ Parent | on HN ]