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Depends on the bank. Credit unions don't do this. Neither do "mutual banks"

https://en.wikipedia.org/wiki/Mutual_savings_bank

There's usually one or the other in pretty much every decent sized city.

My credit union doesn't have a lot of fancy features but it has shared branching (can pull out money at other CUs), ATM access at most 7/11s, and zero cost for a basic checking account that can receive direct deposit, with an online bill pay that can even mail a physical check to whoever I want.

Even larger banks sometimes aren't publicly traded. (



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