This figure seems to cover lending-related fees. Would be cleaner to see only checking and debit-card fee figures. (Also, to see that figure net of interest income. Total revenue of about $100 per person per year seems reasonable to maintain a bank's transaction platform.)
I was curious if this would include the likes of closing costs. Loan servicing fees and the like. Is still an absurdly large number, but I agree a better breakdown would be nice.
> Is still an absurdly large number, but I agree a better breakdown would be nice
For a country of 300 million, it comes to about $100 per person. It's large, but not absurdly large. (As in, it's in the right order of magnitude.) Particularly if it includes lending fees.
We are truly living in a neo capitalist feodal system. Chase is the worst, why do they still only pay out a miserly 0.01% interest when so many other banks have raised savings rates along with the feds offering 4-5% interest on basic savings accounts? They have grown way too large and monopolistic.
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[ 3.6 ms ] story [ 27.4 ms ] threadThis figure seems to cover lending-related fees. Would be cleaner to see only checking and debit-card fee figures. (Also, to see that figure net of interest income. Total revenue of about $100 per person per year seems reasonable to maintain a bank's transaction platform.)
For a country of 300 million, it comes to about $100 per person. It's large, but not absurdly large. (As in, it's in the right order of magnitude.) Particularly if it includes lending fees.
You do make it sound like they found a way to get a nickel from everyone. :)