FlyerTalk Forums - View Single Post - Wal-Mart, Amex take on banks with Bluebird debit card
Old Oct 27, 2012 | 8:34 pm
  #868  
Stoughton
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Join Date: May 2010
Posts: 2,998
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.
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