[llanowarelves]

Evidently, the best way to run a bank is a 0% cash reserve minimum (as was granted to US banks starting during COVID), so you can make money off of literally every last penny, and then discourage and prevent customers from taking their money out, then [externalizing all costs]/[socialize losses] onto government (taxpayer) via bailout or customer via bail-in, while privatizing all profits in the meantime. And charge poor people $30 every time they dip under $0 even by a penny.

Doesn't mean it's a good idea for the rest of us non-banks.

[dimitrios1]

> And charge poor people $30 every time they dip under $0 even by a penny.

The list of large corporate banks that charge NSF fees and overdrafts is vanishingly small.

OTOH, I know of plenty of credit unions that still do both.

[cde-v]

> The list of large corporate banks that charge NSF fees and overdrafts is vanishingly small.

True for NSF fees, absolutely false for overdraft fees.

https://files.consumerfinance.gov/f/documents/cfpb_overdraft...

[dimitrios1]

I would need to see 2022 as well. Many banks announced changes middle of 2021 and 2022.

[cde-v]

Fair, not sure when the new data comes out.