Premise: Many banks charge high penalty fees on interest-bearing accounts for relatively small violations of policies that are often confusingly presented to customers.
Premise: These fees do not merely compensate the banks for the trivial cost and inconvenience of these violations; the fees provide enough income to allow the banks to offer free checking accounts, which do not generate interest.
Conclusion: If checking accounts were charged a nominal annual fee, high penalty fees would be eliminated.
If
...
Premise: These fees do not merely compensate the banks for the trivial cost and inconvenience of these violations; the fees provide enough income to allow the banks to offer free checking accounts, which do not generate interest.
Conclusion: If checking accounts were charged a nominal annual fee, high penalty fees would be eliminated.
If
...
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