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0 pointsdvt3y ago0 comments

The legal loophole is that it's essentially a levy on the (other) banks, not the taxpayer. The comedy, of course, is that "bank customer" and "taxpayer" are more or less the same set of people.

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rafram3y ago

Kind of, but I don’t pay any fees for my bank account(s) and I don’t expect to in the future, even with the small insurance rate increase levied by the FDIC to cover making SVB depositors whole. Making loans with my money is profitable enough for my bank that they don’t need to charge fees.

adastra223y ago

You pay fees, even if they are hidden (e.g. lower interest rates in savings).

mortehu3y ago

Many banks these days have zero commission brokerage accounts, in which you can hold T-bills or money market funds. Not a lot of reasons to use a "savings" account.

swores3y ago

That's not paying fees.

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