And to charge ppl for just having the account unless you've got $2000 pm to put in it..... 🤦🏻♀️
What if you don't have that & don't fit the exempt categories?
Did you ever read Andrew Main's "Other People's Money" about FAI/HIH.
About how they wanted to be a bank. But that was complicated, so they became an insurance company. Not to provide insurance, but to let them "invest" (gamble) with other people's money.
It takes some balls to make a profit of $9billion off people’s hard-earned cash to turn around and say “yeah we’re going to charge you $3 cash to access your cash so we can make some more cash”.
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What if you don't have that & don't fit the exempt categories?
About how they wanted to be a bank. But that was complicated, so they became an insurance company. Not to provide insurance, but to let them "invest" (gamble) with other people's money.
They knew what banks are really about