Hacker News new | ask | show | jobs
by imtringued 1220 days ago
This is one of the things that is weird when people insist on free bank accounts at their banks.

Yes sure as a secondary bank account with little usage, sure, but as your primary account? How do you expect your bank to stay around if they don't make money from the basic product they offer? They will try to upsell you, charge hidden fees and reduce interest rates, make risky loans and investments and all sorts of things that aren't aligned with your interests.

1 comments

True and you know what? They do the same thing but regulated.

And that system is old and grown and fine tuned