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cartermatic | 2 years ago

I think over a long enough term they would. It's about ~$44 a customer (assuming 100% retention). Once they're in the Chase ecosystem, it's easier for Chase to get them to add Chase credit cards, use Chase for a mortgage, interchange fees, minimum balance fees and so on.

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lordnacho|2 years ago

Yeah I guess it's not totally crazy. I can see a couple of overdraft fees being enough.