How Fintech Bank Apps like Chime Make Money: Debit Card and ATM Fees

Filed under Personal Finance

An uncomfortable fact of personal finance is that you don’t necessarily “pay for what you get”. When a bank offers “Free Checking”, it means “we won’t charge you a monthly fee but we’ll get our money from overdraft charges, ATM fees, and more”. For example, US banks charged their customers over $11 billion in overdraft […]

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