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Credit unions for the win.
Did someone say Bank Run? Divestment?
Rumours are it's already happening. I have a friend at the bank, says the chiefs of staff and assistances to the board have already sold their shares!
Ah yes, we will use your deposited money to grow our wealth and give out credit, but that will cost you because we have to afford servers, IT admins AND a yacht for every shareholder. /s
Those stocks won't buy back themselves!
That may be the most square jaw I have ever seen
... This is already common in Europe. I pay like 3 euros a month for my account
Why? I changed my bank like decades ago and have a free account ever since. IIRC a 'real' credit card would cost a fee, and unlimited cash withdrawal too, but I think that's it. I don't use either.
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Same as Canada. I pay $15 per month (minus $12 rebate for age) for my account, but that gives me free e-transfers, debit card usage, etc.
Oh yeah same here. Virtually unlimited service and I can request new cards if needed.
$15 a month for a bank account is less than 1 hour's work at Canada's minimum wage. That's more than two hours' worth of work at US minimum wage.
Not ridiculously expensive all things considered, but still worth noting how much a poor person would have to work just to maintain a bank account at that rate in the U.S.
You know how much I pay? 0 hours of my hard earned labor
Me too, but I joined a credit union.
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this post was submitted on 06 Jul 2024
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