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why are there differences in fees between the banking services?


banks lower fees when the are seeking new customers. And raise fees when the average balance on accounts are to low.They use the money to loan it and get interest on the deposited money. Thats why people with high balances usually pay no fees.

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This entry was posted on Tuesday, November 17th, 2009 at 3:20 pm and is filed under banking services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “why are there differences in fees between the banking services?”

  1. morgan4932@sbcglobal.net on November 17th, 2009 at 8:42 pm

    Banks lower fees when the are seeking new customers. And raise fees when the average balance on accounts are to low.They use the money to loan it and get interest on the deposited money. Thats why people with high balances usually pay no fees.
    References :

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