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<p>[QUOTE="CamaroDMD, post: 2958437, member: 5233"]I think you are completely correct. The average free checking account produces no profit for the bank. They are essentially loss leaders designed to get you in the door in the hopes that you purchase other products.</p><p><br /></p><p>I bank at a nation wide banking chain and I just checked my statements...and as far as I can tell I haven't paid them one cent in the last several months. My checking and savings accounts (of which I have several) have incurred no fees and I don't carry credit card balances. I have made money off my credit cards...but haven't paid any fees. I have actually cost them money.</p><p><br /></p><p>Now, I also own a business and I bank at a different bank for the business. According to the December 2017 P&L statement...I paid $198.73 in bank fees in just that month. I didn't bother to look any further but that's $2400 per year at that rate.</p><p><br /></p><p>I'd be willing to bet that the bank where I do my business banking about be more interested in keeping me happy with little things like this than the bank where I do my personal banking...because they are actually making money off of me.</p><p><br /></p><p>No matter which bank you use...having a relationship with them is the key. If you are a regular customer, and the staff knows you they will go the extra mile for you. I would imagine getting to know the staff and becoming a known and well regarded customer would probably solve a lot of these roll searching issues.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 2958437, member: 5233"]I think you are completely correct. The average free checking account produces no profit for the bank. They are essentially loss leaders designed to get you in the door in the hopes that you purchase other products. I bank at a nation wide banking chain and I just checked my statements...and as far as I can tell I haven't paid them one cent in the last several months. My checking and savings accounts (of which I have several) have incurred no fees and I don't carry credit card balances. I have made money off my credit cards...but haven't paid any fees. I have actually cost them money. Now, I also own a business and I bank at a different bank for the business. According to the December 2017 P&L statement...I paid $198.73 in bank fees in just that month. I didn't bother to look any further but that's $2400 per year at that rate. I'd be willing to bet that the bank where I do my business banking about be more interested in keeping me happy with little things like this than the bank where I do my personal banking...because they are actually making money off of me. No matter which bank you use...having a relationship with them is the key. If you are a regular customer, and the staff knows you they will go the extra mile for you. I would imagine getting to know the staff and becoming a known and well regarded customer would probably solve a lot of these roll searching issues.[/QUOTE]
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I can't get rolls through my bank(s)
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