No. of Recommendations: 2
I do not know how the fees were determined 25-30 years ago, but I do believe that today they are determined by how much the banks think they can get from us. That is gouging in my book.

Ummmmmmm... all product pricing on everything you buy is based on how much they think they can get.

You wanna sell something you plot predicted sales at various price points (considering whatever data you can get about the probable supply and demand) and pick the price that gives you the most revenue. That's true for banking products the same as it is true for camping products, clothing products, grocery products, etc.

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