Okay JP Morgan Chase, this is how it works. Customers put money in your Bank and you then leverage the benefits of those balances though the magic of fractional reserve banking, where through investment you use your customer's money to make more money for the Bank and its Stock Holders. Now, tell me, since customers are already doing you a favor by keeping their money in your banks ... why do they additionally need to pay a membership fee for making you rich?
Is it wiser for your customers to move their money to Banks and Credit Unions that recognize the favor that their customers are doing for them by being depositors and recognize that gouging their clients with a "Membership Fee" isn't the wisest business move? Some might say so.
Read the Article at HuffingtonPost
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