There’s something to be said for offering free banking services to the poorest Americans. I’m very careful to keep enough of a balance on accounts so I don’t have fees or monthly charges. Those minimums have become out of reach for a lot of people.
The Germans operate the ‘Post Bank’and while in the AF in the 1990s....I was a member with the bank. Low fees were obvious and for several years....I had no complaints. The low fees came to an end, and the bank came to admit they just weren’t sustaining any kind of profit. Significant fees started up and I’d say that a quarter of all members quit within six months. Anyone who says that low or free banking services would be sustained under this gimmick....is lying. They are simply getting the system in place where the gov’t will have to pay the fees for the poor. You the tax-payer will pay for their services in the end.