How Do Banks Make Money In 2021?

We all know that nothing in this world is free, so how do some traditional banks offer free checking accounts and free savings accounts? 

Banks continually spend money by sending us our debit cards, periodic statements and supporting the digital infrastructure needed to process online payments and transactions. 

Some banks serve national governments as regulatory bodies, while others cater to individual investors and customers’ needs. 

The benefit of credit unions is they typically charge lower fees to members than retail banks operated by corporations. 

A budget is a crucial step to start saving, so you can set yourself and your family up for a secure financial future.