My main bank I use lets me borrow up to $250 instantly for a $15 fee if I pay it back in full within 30 days. I just got an email that they're testing bumping it to up $500 for select customers (me). It's a useful feature and I like it better than a credit card. Most of the time when I use it I borrow for like 3 days to a week and pay it right back.
Thats like a 72% interest rate
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If paid in 3 days its over 700%
72% APR, but that's silly to think of a flash loan in those terms. I borrow and I pay it back with 6% interest. That's simple math that a plebe can understand.
