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It is a misconception that small deposit customers are not important to Big Banks when in fact, it is the small deposit balance customers who provide the majority of the non-interest income that Banks o so count on. You think those big balance customers pay overdraft fees? No, they don't. So this day will forever be remebered as the day of awakening for too big to fail banks!
Thousands move accounts on (Bank Transfer Day)
Seeded on Sun Nov 6, 2011 5:29 PM EST
Article Source: Wall Street Journal
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It is a misconception that small deposit customers are not important to Big Banks when in fact, it is the small deposit balance customers who provide the majority of the non-interest income that Banks o so count on. You think those big balance customers pay overdraft fees? No, they don't. So this day will forever be remebered as the day of awakening for too big to fail banks!
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