Quote:
Originally Posted by V_RocKs
Epassporte doesn't make a ton of money on deposits (the percentage they get paid when you leave cash in there). Let's assume they have $10,000,000 at any given time and make 6% on that money. That is only $1,643 in a day.
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6% .. your assumption is way off, mainly on a no commitment deposit ( not a term deposit ) ... If they get 1% - 1.5% , they are doing pretty good ...
So yes , theydo not much of interest a day .
What surprises me is that alot of people talk about visa shutting off, visa compliance, visa that .. but no one mentions the possibilty that Visa levied hefty fines against Epass or the bank , and that the funds are colateral to these fines.. That would not be a first right ...