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Dave3of5
on May 23, 2022
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Apple Cash
How did they make money in this ?
Most banks wouldn't work in this manner due to high risk.
datavirtue
on May 23, 2022
[–]
Most banks taking this stance leaves the entire market for others. It is fuelled by fees. Green Dot fees are quite high. What you say is true, though. I was with an established prepaid company (acquired by GD) that got dropped by a bank or two.
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Most banks wouldn't work in this manner due to high risk.