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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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.
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.
I wasn't claiming it is wrong. Just a very big number.
You do make it sound like they found a way to get a nickel from everyone. :)
JPMorgan Chase, Wells Fargo and Bank of America charged $15 billion in bank account 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.