Demand Deposits (13) - Bank Fees

Banks that accept these biblical principles will not be able to make money from accepting money on deposit for safekeeping. Therefore, it will be quite appropriate for them to charge a fee for the services that they provide. Depositors will look for banks that provide the best service for the most reasonable fee. They will be able to choose the level of service. Banks that provide better security and a wider range of transactions will be able to charge more.

Christians should not expect banks to pay interest on demand deposits.

The full series can be found at Bank Deposits and Loans.