On 1/6/2016 8:46 AM, Janet wrote:
> In article >,
> says...
>>
>> On Tue, 5 Jan 2016 20:30:47 -0000, Janet > wrote:
>>
>> snip
>>>
>>> But not evenly. I am a bank customer who pays no banking costs or
>>> charges of any kind for the services I use.
>>>
>>> Other customers do, the ones who pay interest on bank loans and over
>>> drafts, and run up huge CC debts at awful interest rates. They are
>>> subsidising me.
>>>
>>> Janet UK
>>
>> Generally that privilege is offered to customers who maintain a
>> certain balance with the bank. Your payment for services is
>> essentially lending the bank your money, interest free.
>
> Er, no. The bank pays interest to ME :-)
>
>
> Janet UK
>
>
>
Sure they do, but after they take a cut of it. They give you interest
to entice you to let them use your money. Simple how it works. You
deposit $100. They take your money and lend it to someone else and take
back in $105. The give you one and keep four. If they give your money
to a credit card holder, the take in maybe $120, give you one and keep
$19 that they made from your money.
Buy lunch and use your debit or credit card and you give them another
few shillings.