How do banks make money?

<p>Have you ever wondered how banks make money? Or why overdraft fees exist? After a listener asked, 5 Things Sunday Host James Brown got answers from USA TODAY Finance reporter Elisabeth Buchwald, Bankrate.com analyst Greg McBride, and economist Aaron Klein from the Brookings Institution.</p><p><strong>Show notes:</strong></p><p><a href="https://www.bankrate.com/pdfs/pr/20220831-checking-study.pdf" rel="noopener noreferrer" target="_blank"><strong>Costly Overdraft &amp; NSF Fees Still Charged by Majority of Banks</strong></a></p><p><a href="https://www.consumerfinance.gov/about-us/newsroom/bureau-consumer-financial-protection-settles-tcf-national-bank/" rel="noopener noreferrer" target="_blank"><strong>Bureau of Consumer Financial Protection Settles With TCF National Bank</strong></a></p><p><a href="https://www.usatoday.com/story/money/2017/01/19/consumer-financial-protection-bureau-cfpb/96772082/" rel="noopener noreferrer" target="_blank"><strong>Agency: TCF National Bank tricked customers on overdraft fees</strong></a></p><p><a href="https://www.yachtcharterfleet.com/luxury-charter-yacht-49242/overdraft.htm" rel="noopener noreferrer" target="_blank"><strong>The yacht named Overdraft </strong></a></p><p><a href="https://www.usatoday.com/story/money/2022/10/26/bank-fees-junk-biden-guidance-low-income-consumers/10607419002/" rel="noopener noreferrer" target="_blank"><strong>Joe Biden, CFPB target junk fees, hoping to ease economic pressure on low-income families</strong></a></p><p><a href="https://www.brookings.edu/research/getting-over-overdraft/" rel="noopener noreferrer" target="_blank"><strong>Getting over overdraft</strong></a></p><p><a href="https://www.mprnews.org/story/2017/02/08/bill-cooper-ex-mn-gop-tcf-bank-leader-dies" rel="noopener noreferrer" target="_blank"><strong>Bill Cooper, ex-Minnesota GOP leader and TCF Bank chief, dies</strong></a></p><p><a href="https://www.bankrate.com/banking/checking/banks-eliminated-overdraft-fees/" rel="noopener noreferrer" target="_blank"><strong>Banks that h