jimmysmitty :
Its all part of the lizard lord Zuckerbergs plan to rule the Earth.
I have no love for Zuck, but I don't actually believe that.
I think he just wants to build the online platform used by the entire world. The grand vision of FB, and possibly Google, is to build a proprietary successor to the Internet. Not like that's really much better...
jimmysmitty :
Banks should say no. They already make plenty of money off of holding a persons money.
really? Yeah, with these sky-high interest rates...
No, banking does not work like it did last century. Retail banking is a low-margin business. Bank capitalization requirements mean they can't actually invest very much of the money on their balance sheets. The main ways they make money off of retail customers is through credit card interest and selling mortgages. Holding your money is just almost like a favor they do, in order to earn your trust and goodwill.