Drop Checking Accounts
Reader comment on: Competing With Banks
Submitted by OBQuiet (United States), Jun 24, 2010 09:30
What's to stop a Bank from 'dropping' their checking accounts creating a new "Prepaid Debit Card w/Optional Withdrawal orders"? Provide that debt card with the option of a paper transaction order(check). Not much different from a checking account except in name.
You have to wonder about these people who think they understand the world well enough to regulate it.
Note: Comments are moderated by the editor and are subject to editing.
Comment on this item