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Topic	Do 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 --- "You're sorely underestimating the power of nostalgia goggles." - adjl http://www.smbc-comics.com/comics/20110218.gif <cite>ChocoboMog123 posted [p:923917757] in Do overdra... [t:77822717]...</cite> <quote>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 --- "You're sorely underestimating the power of nostalgia goggles." - adjl http://www.smbc-comics.com/comics/20110218.gif</quote> ... Copied to Clipboard!
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