First off, your bank (and landlord’s bank) are trusted entities ~ not everywhere in the world has trusted entities like that.
At least in the US, the overall costs to a bank for a checking account are estimated at $250-400 a year. https://www.bankdirector.com/issues/the-profitability-of-the-average-checking-account/ You are getting free transfers, sure, but presumably the bank feels it is getting $250-$400 of revenue off you in some fashion. So the bank is getting “paid” somehow, just not a la carte.
First off, your bank (and landlord’s bank) are trusted entities ~ not everywhere in the world has trusted entities like that.
At least in the US, the overall costs to a bank for a checking account are estimated at $250-400 a year. https://www.bankdirector.com/issues/the-profitability-of-the-average-checking-account/ You are getting free transfers, sure, but presumably the bank feels it is getting $250-$400 of revenue off you in some fashion. So the bank is getting “paid” somehow, just not a la carte.