For people who work in banks, where does the money come from that's used for paying them?
Apart from overdraft fees, I haven't heard about banks' customers paying their banks.
- Anonymous2 weeks ago
They just take money as they need out of your account.
- StephenWeinsteinLv 72 weeks ago
Most from interest paid by borrowers.
- SatanLv 73 weeks ago
Fees, investment, interest on loans etc
- AmyLv 73 weeks ago
> "I haven't heard about banks' customers paying their banks."
Yes you have. You're thinking only of checking accounts, but banks do a lot more than that. They make loans: mortgages, personal loans, even loans to other banks. The customers who borrow money pay interest (at a much higher rate than the bank pays you for your checking account).
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- LônLv 73 weeks ago
Mortgage fees are higher than interest on savings accounts.
- Anonymous3 weeks ago
From fractional reserve lending.
- NALv 73 weeks ago
The banks loan the deposits out and. Charge interest.