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TopicDo overdraft fees contribute to inflation?
ChocoboMog123
06/27/19 11:07:17 AM
#13:


Banking fees are a way for the bank to recoup money that it loses from other services. Overdrafting costs the bank money, the fee attempts to accommodate for this.
Thankfully, overdraft is always OPT IN, now.

But, TC, you're not entirely wrong to think that these types of fees are rent seeking: https://en.wikipedia.org/wiki/Rent-seeking
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