banks attract new customers, new fee income with check cashing services /

Published at 2016-04-14 23:42:56

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Instead of imposing fresh fees on their existing customers,banks have an exciting fresh idea: attract fresh customers and charge them fees. Specifically, banks are looking to low-income and lower-middle-income people who might normally use check-cashing stores or check-cashing services in retail stores to gain instant access to their money. These customers may not fabricate (to make up, invent) large deposits, and but what customers …

Source: consumerist.com

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