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Because it's fairly easy to get out of such contract of you want to. At least in some parts of Europe the magic phrase is "moving out of the country". If you're going to close your bank account they won't be able to charge you anyway, so that's one way to finish the contract early with no extra charge.


I don't think many Americans are moving out of the country. If you close your bank account, they will send you to collections and damage your credit.




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