Browsing Tag

bank

How Do Banks Make Money? Part 1

In 2017, banks made over 100 billion dollars just from credit card interest payments alone – essentially making this revenue by lending money to you and I. But this lending system is arguably making people poorer, while making banks richer,…

How Do Banks Make Money? Part 2

In “Part 1: How Banks Make Money” we talked about how banks profit by operating under the “Fractional Lending” game. In other words, banks “take the money that you deposit and miraculously turn it into 5 or 10 times more in order to lend…

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