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Yeah per year - it's not a lot hence why they're still running a loss.
I've been saving a house deposit with them for ages in their savings pot, use them as main account, and have a joint account with them. So maybe they make £70 a year off me?? No idea. They just need to get as many people onboard as they can, and get them using it as their main account. Then look at other ways to increase profit. Which I guess is what they've been trying to do.
greeno
Ah I see. I should have realised they do do loans. Maybe they didn't at first.
Still £4 or even £30 per customer (per year?) seems a very small amount of money. But I guess their costs don't scale with number of customers (to the extent that they would with traditional banks) so the more customers they have, the more revenue/customer