Bailey

And then there's a base one that just says, look, we'll still take your money if you don't really need it.

If we're not starving for the assets, we'll still take your money.

Many of the banks, they can't justify, it's not even a fort, they can't justify paying significantly higher rates to you

Just like years ago, remember, for those that are old enough, it used to be you had to pay to get a checking account.

You had to pay them to get a checking account.

It wasn't until Washington Mutual came around talking about free checking.

They started that.

They were the ones that said, we're just not going to charge you for this.

This is crazy.

Why would we charge you to put your money in there?

Because every other bank was doing that.

They were charging you for the privilege of doing this stuff.

And WAMU cracked it.

What happened to WAMU?

Right?

WAMU is no more.

WAMU is no more because they went too far.

They said, okay, free checking.

They were one of the first ones to offer the visa debit cards without charging you and without an approval process.

I remember when I went to a credit union.