Originally Posted by
TheBOSman
I wonder why BB/banks/prepaid cards desperately want people to do direct deposit of their paychecks onto their product. That has to be a 0 profit thing, why does, for example, BB waive the ATM fee, or many bank checking accounts waive checking account fees with $X in direct deposits each month? I'm sure BB makes nothing off me putting direct deposit onto it, why do they waive a fee for me if I do?
Because most people hate banking and once they get it set up, they're likely to leave it. It's helps retain the customer base.