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.
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