> So either they are retaining the extra profit by not paying any interest to Even at all, which seems ridiculously stupid from your point of view, or you are in fact retaining the interest yourselves, which you aren't…
No need to apologize, asking lots of questions is like boarding the express train to learningtown. I may choose to not answer, but that's on me, not on you. Banks don't yield interest on savings, so we're not "allowing"…
You are correct, we solve irregular income patterns and nothing else. Still workin on dat perpetual motion machine.
No, we do not earn interest on the savings. The bank does.
We don't make money off savings. Not sure how to be clearer than that.
http://www.pewtrusts.org/en/multimedia/data-visualizations/2...
70% of payday loans are used for predictable, recurring expenses.
> So either they are retaining the extra profit by not paying any interest to Even at all, which seems ridiculously stupid from your point of view, or you are in fact retaining the interest yourselves, which you aren't…
No need to apologize, asking lots of questions is like boarding the express train to learningtown. I may choose to not answer, but that's on me, not on you. Banks don't yield interest on savings, so we're not "allowing"…
You are correct, we solve irregular income patterns and nothing else. Still workin on dat perpetual motion machine.
No, we do not earn interest on the savings. The bank does.
We don't make money off savings. Not sure how to be clearer than that.
http://www.pewtrusts.org/en/multimedia/data-visualizations/2...
70% of payday loans are used for predictable, recurring expenses.