Chase charges money to have an account if you are poor. If you have money, and l... | Hacker News

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brianwawok on March 13, 2023 | parent | context | favorite | on: Joint statement by the Department of the Treasury,...

Chase charges money to have an account if you are poor. If you have money, and logically could more easily afford to pay bank fees, it’s free.

Most of the big guys work like this. At a certain wallet size you get a free personal advisor who will help manage your wealth.

TedDoesntTalk on March 13, 2023 [–]

> free personal advisor

They take 1% of the money they manage. And then they invest it in their own funds, taking more fees there. They are not free.

brianwawok on March 13, 2023 | [–]

I mean, duh ;P

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