This article talks about free bank accounts, (which many of you have). Times are changing and it appears that many banks will not offer free bank accounts.
What are the reasons that this is changing? Is this a good or bad thing?
I think the reasons are that they want to improve they earnings in all ways that they could charge, like others bussines they want to charge services that people do not need or not want. I think the raise of the prices do not help to the economy. So I think the banks do not should charge for these services, first because the customers are depositing their money in the accounts, and the Bank makes investment with that money, for example loans or any other type of investment. Did then, why the depositor still has to pay this service when the Bank is making money with their money?
I suppose that bank's entreprenurs realized that having an acount in the bank is very necesary in the modern days it means that people have to have a bank account that is why entrepreneurs want poeple to pay this service because it is very useful.
I think that bank sometimes too expensive for something, and t should be free. But I know that McBride said true. I hope there are still free checking account.
The principal reason that many banks changing is due to international crisis. A global regulatory standard was developed in response to the deficiencies in financial regulation. For this reason many banking policies have changed. I think that is a bad thing because the most affected are thousands who have any type of financial service. As always those who benefit most are the bank and their owners.
I think the reasons are that they want to improve they earnings in all ways that they could charge, like others bussines they want to charge services that people do not need or not want. I think the raise of the prices do not help to the economy. So I think the banks do not should charge for these services, first because the customers are depositing their money in the accounts, and the Bank makes investment with that money, for example loans or any other type of investment. Did then, why the depositor still has to pay this service when the Bank is making money with their money?
ReplyDeleteI suppose that bank's entreprenurs realized that having an acount in the bank is very necesary in the modern days it means that people have to have a bank account that is why entrepreneurs want poeple to pay this service because it is very useful.
ReplyDeleteI think that bank sometimes too expensive for something, and t should be free. But I know that McBride said true. I hope there are still free checking account.
ReplyDeleteThe principal reason that many banks changing is due to international crisis. A global regulatory standard was developed in response to the deficiencies in financial regulation. For this reason many banking policies have changed. I think that is a bad thing because the most affected are thousands who have any type of financial service. As always those who benefit most are the bank and their owners.
ReplyDelete