Where Do UK Banks Really Make Their Money?

I’ve noticed that opening an account, transfers and ATM withdrawals in the UK often come without any fees. Checking my balance never leaves mysterious deductions. Months can pass and my balance stays exactly the same. Back home in Nigeria, we’re used to seeing charges for every little thing – SMS alerts, card maintenance, ATM fees, transfer charges and more. It feels almost suspicious when UK banks don’t charge for these basic services. Since banks aren’t charities, where is their true profit coming from? Is it loans, interest, investments, or large deposits customers hold? I’m honestly curious to hear your thoughts.

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