Video: Kids explain how banks make money

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“Banks charge more than what you want to borrow.”

“Banks make money from fees, fees, fees. ATM charge fees.”

“Why would you pay money to get money? That’s weird.”

“There are overdraft fees. … Interest rates.”

“Interest is when you pay money to borrow money, which doesn’t make sense.”

“It feels like there’s a fee for everything!”

“Some banks don’t have that many fees so you have to shop around.”

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