Haven't we been here before?
Over 20+ years ago?
If I recall, banks were charging fees for *everything*. Withdrawl, deposit,
you name it.
The catalyst came when an elderly lady went into a bank to get change
for $20, so she could go on the bus or something. The service fee charged
was $10. She got $10 back from her $20.
In the ensuing uproar, the government stepped in and said that bank
fees need to be regulated. The banks quickly, very quickly, changed
their fees, such that banking became almost free everywhere.
Now we're back to needing the lady to try to get change again...
ers
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