How banks earn
Reader comment on: Citibank Raises Check Reorder Fees
Submitted by Marsha Enright (United States), Mar 15, 2011 18:06
Another problem for the banks is that they're not earning very much on the float, that is on interest they can earn as they hold your money before it arrives at another bank when you pay for something. Interest rates are too low - so they think up these other charges.
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