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The123123 t1_j6oowu5 wrote

I recently switched to a credit union and honestly have no clue how regular banks stay in bussiness. Amazing customer service and great interest rates on everything.

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epsiblivion t1_j6pfjfe wrote

Regular banks make money from investments and loans. Regular checking/savings are just a bonus feature to stay feature competitive. They could care less if a checking customer left

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The123123 t1_j6pg1u2 wrote

They could care less if a checking customer left

Fair.

To be clear, I dont think my old bank is missingmy money lol. I understand that most banks dont make money off of people whonare just using checking accounts etc....but for many people thats pretty much the only way they interact with a bank.

Im just saying it doesnt make sense to me why anyone would go out of their way to take out a loan or open a checking or savings account with a regular bank.

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epsiblivion t1_j6pgdco wrote

Convenience i guess. One stop shop. Usually is never the best rate or service

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