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Topic	Do overdraft fees contribute to inflation?
8-bit_Biceps 06/27/19 11:08:47 AM #14:	CapnMuffin posted... A checking account costs roughly $128 a year for a bank to maintain. If your rinky dink solo checking account overdrafts once the bank is still covering you at a loss at a hope that you will expand your relationship with them. The ODR/P fees are considered deposit fee income, separate from deposit spread. Its part of a bank branchs revenue reporting, offset by the costs to run that branch. Basically you have fees like that instead of the bank outright charging you for a service like your cable or internet provider. Damn $128 a year? :O haha LMAO they're getting all this interest though and shit from the loans they give out. And if everyone never got an overdraft again, they would just raise interest to make up for it and make as much as they could without people thinking they're ridiculous for it or burning them to the ground, or whatever. Point is, much like any other company, they want your money. More money for the banks = less money going toward tomatoes, toasters, tires, brooms, vacuum cleaners, clothes, and other basic sort of shit people need to live comfortably. <cite>8-bit_Biceps posted [p:923917827] in Do overdra... [t:77822717]...</cite> <quote><cite>CapnMuffin posted...</cite> <quote>A checking account costs roughly $128 a year for a bank to maintain. If your rinky dink solo checking account overdrafts once the bank is still covering you at a loss at a hope that you will expand your relationship with them. The ODR/P fees are considered deposit fee income, separate from deposit spread. Its part of a bank branchs revenue reporting, offset by the costs to run that branch. Basically you have fees like that instead of the bank outright charging you for a service like your cable or internet provider.</quote> Damn $128 a year? :O haha LMAO they're getting all this interest though and shit from the loans they give out. And if everyone never got an overdraft again, they would just raise interest to make up for it and make as much as they could without people thinking they're ridiculous for it or burning them to the ground, or whatever. Point is, much like any other company, they want your money. More money for the banks = less money going toward tomatoes, toasters, tires, brooms, vacuum cleaners, clothes, and other basic sort of shit people need to live comfortably.</quote> ... Copied to Clipboard!
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