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Why it costs money to get your own money

Why it costs money to get your own money

vox.com

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Spending Money To Access Your Own Money

  • Banks are in the business of making money, even if that means charging you to deal with money that's yours.
  • The concern is that consumers aren't able to effectively comparison shop because of practices such as drip pricing or hidden pricing that hide actual costs.
  • There's onl...

When Banks Have You, They Have You

  • Banking fees are associated with access to the payments system and all of the products and services that come along with that.
  • Some people in the banking industry say that measures such as overdraft fees are meant to deter customers from overspending.
  • In the past, banks have ...

The Alternative: Postal Banking

Experts have advocated for postal banking, which would essentially turn the US Postal Service into a place that would also offer basic banking services

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