I'm trying to understand why banks still charge account fees and card fees, especially when they don't seem to make significant profits from them.
I started a fintech company focused on banking for luxury deals and worked with banking partners, so I've seen a lot of the industry from the inside. Still, I can't wrap my head around this.
Why are these fees still prevalent? Are they just a relic of legacy banking systems, or is there more to it? The scary thing is banks don't even make alot of money on that. So why still charge them.
Comments URL: https://news.ycombinator.com/item?id=42823569
Points: 8
# Comments: 9
Login to add comment
Other posts in this group
Article URL: https://arxiv.org/abs/2504.02495
Comments URL: https://news.ycombinator.c
I recently launched an independent sales agency specializing in early-stage startups. My model is adapted from my experience as an independent manufacturer's rep. for electric utility products us
Article URL: https://danb.me/blog/gumroad-is-not-open-source/
