Why it costs money to get your own money - Deepstash

Keep reading for FREE

Spending Money To Access Your Own Money

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 only so much we can expect out of private banks - which is why some experts say the public sector, like the post office, would be a better option.

16

245 reads

When Banks Have You, They Have You

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 used overdraft protections (and fees) in their marketing to try to entice customers.
  • These are businesses, not governments, and it's not clear that banks should be in the business of trying to police behaviours through fees.
  • Overdraft fees are almost pure profit.

15

142 reads

The Alternative: Postal Banking

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 like checking accounts, savings accounts, and payments. The idea is that it would reach and serve as an option for the unbanked and offer lower-cost options for transactions than private banks, such as low-fee ATMs and check cashing. 

Postal banking has been proposed on Capitol Hill, but thus far, it hasn’t gotten very far legislatively.

16

75 reads

CURATED BY

sarahmoren

Jewellery designer

Ready for the next level?

Read Like a Pro

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

Stars

5,740 Reviews

App Store

4.7

Stars

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

FAQ

Claim Your Limited Offer

Get Deepstash Pro

BLACK FRIDAY

75% OFF | 1-Year Pro Subscription

Claim Offer