Revenge of the Gougers!

krashkart · 10-08-11, 02:12 PM

Quote:

Originally Posted by soopaman2

I blame the filthy, unwashed pinko,commie,Obama voting, Iraq and Afghanistan war starting, overspending, MSNBC watching liberal kids down on Wall Street personally.

Edit/// I forgot unpatriotic and Hippie

May I add "beret wearin', beard growin', cigar chompin' bourgeois Komsomolets"?

Jimbuna · 10-08-11, 04:47 PM

Quote:

Originally Posted by krashkart

May I add "beret wearin', beard growin', cigar chompin' bourgeois Komsomolets"?

You may...well added

vienna · 10-10-11, 03:30 PM

Quote:

I blame the filthy, unwashed pinko,commie,Obama voting, Iraq and Afghanistan war starting, overspending, MSNBC watching liberal kids down on Wall Street personally.

Edit/// I forgot unpatriotic and Hippie

frau kaleun · 10-10-11, 06:58 PM

Like Mookie I'm with Chase - only cuz through a series of buyouts and mergers they ended up owning the bank where I'd had my accounts for 15-20 years. But I've never had any real problems with them.

At the moment I'd be charged a monthly fee for using their website to pay my bills, but I dodge that by paying anything that can be done electronically at the payees' sites - since they're the ones who want to get paid, they seem perfectly happy to handle the transactions from their end without charging me anything. But I do pay a monthly "service fee" on my checking account, against which I write two - count 'em, TWO - checks a month. Everything else is an electronic transaction of some kind, and I really only use the debit card when I need cash back at the till or to withdraw it directly from a Chase ATM. If they want to charge me an *extra* fee just for that, then I'm gonna have to start wondering what the current service fee is for - the untold toil and sweat that goes into handling my two paper checks a month?

The real question for me is whether or not the smaller institutions and credit unions around here have caught up in offering online banking. Some family have had their accounts at one of the bigger local credit unions for years, and it's only been in the past few years that they actually had access to an ATM that wasn't INSIDE the bank lobby and therefore unavailable when the bank was closed. How convenient!

So I guess what I'm saying is, if there's not a better alternative that will still give me all the conveniences I have now with Chase, I'd probably just suck it up and pay the darn fee.

Sailor Steve · 10-10-11, 07:35 PM

Back in 1852 the immigrant Walker brothers opened a feed store in Salt Lake City. In 1860 their safe room was turned into a bank. In 1868 the brothers loaned money to a mining firm in Alta, and by the turn of the century they were known as the bankers for all the mines in the area. They sold out to Transamerica in 1956 and became part of First Interstate Bank in 1981.

Walker was my bank from 1977 to 1981, and First Interstate from then on. I was very happy until 1996 when First Interstate was bought out by Wells Fargo. It's gone steadily downhill from there, with new hidden fees and interesting money games.

Today I'm with a local credit union, and couldn't be happier. My CU has all sorts of online services, bill-pay options and other good stuff. I don't have a checkbook. I do everything either online or with a debit card, and they send a rent check to my landlord every month. I hardly ever see them. Oh, and my CU is part of a group that utilizes an ATM chain. I have to pay a fee if I use the ATM at the CU itself, but I can get money at any 7-11 for free.

Gerald · 10-10-11, 10:24 PM

Quote:

Originally Posted by Sailor Steve

Back in 1852 the immigrant Walker brothers opened a feed store in Salt Lake City. In 1860 their safe room was turned into a bank. In 1868 the brothers loaned money to a mining firm in Alta, and by the turn of the century they were known as the bankers for all the mines in the area. They sold out to Transamerica in 1956 and became part of First Interstate Bank in 1981.

Walker was my bank from 1977 to 1981, and First Interstate from then on. I was very happy until 1996 when First Interstate was bought out by Wells Fargo. It's gone steadily downhill from there, with new hidden fees and interesting money games.

Today I'm with a local credit union, and couldn't be happier. My CU has all sorts of online services, bill-pay options and other good stuff. I don't have a checkbook. I do everything either online or with a debit card, and they send a rent check to my landlord every month. I hardly ever see them. Oh, and my CU is part of a group that utilizes an ATM chain. I have to pay a fee if I use the ATM at the CU itself, but I can get money at any 7-11 for free.

"7-11 for free" all day in the weeks?

kylania · 10-10-11, 11:25 PM

Saw on the news today that Bank of America is charging this $5 a month on debit cards to make up for lost revenue from the "Can only charge vendors half of what you've been charging them before" law.

So, since this new law will apparently cost BoA so much money, they need to charge, as someone else correctly points out, the little people money they can't afford to make up for that loss.

By charging debit card holders $5 a month BoA will end up making 13% more revenue then they were making before the law went into effect.

The charge is bulls--- and BoA are the poster child for bank greed.

10-10-11, 07:35 PM	#5
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Back in 1852 the immigrant Walker brothers opened a feed store in Salt Lake City. In 1860 their safe room was turned into a bank. In 1868 the brothers loaned money to a mining firm in Alta, and by the turn of the century they were known as the bankers for all the mines in the area. They sold out to Transamerica in 1956 and became part of First Interstate Bank in 1981. Walker was my bank from 1977 to 1981, and First Interstate from then on. I was very happy until 1996 when First Interstate was bought out by Wells Fargo. It's gone steadily downhill from there, with new hidden fees and interesting money games. Today I'm with a local credit union, and couldn't be happier. My CU has all sorts of online services, bill-pay options and other good stuff. I don't have a checkbook. I do everything either online or with a debit card, and they send a rent check to my landlord every month. I hardly ever see them. Oh, and my CU is part of a group that utilizes an ATM chain. I have to pay a fee if I use the ATM at the CU itself, but I can get money at any 7-11 for free. __________________ “Never do anything you can't take back.” —Rocky Russo

10-10-11, 11:25 PM	#7
kylania Silent Hunter Join Date: Aug 2006 Posts: 3,528 Downloads: 118 Uploads: 0	Saw on the news today that Bank of America is charging this $5 a month on debit cards to make up for lost revenue from the "Can only charge vendors half of what you've been charging them before" law. So, since this new law will apparently cost BoA so much money, they need to charge, as someone else correctly points out, the little people money they can't afford to make up for that loss. By charging debit card holders $5 a month BoA will end up making 13% more revenue then they were making before the law went into effect. The charge is bulls--- and BoA are the poster child for bank greed. __________________

10-10-11, 06:58 PM	#4
frau kaleun Rear Admiral Join Date: Nov 2009 Location: Skyri--oh who are we kidding, I'm probably at Lowe's. Again. Posts: 12,706 Downloads: 168 Uploads: 0	Like Mookie I'm with Chase - only cuz through a series of buyouts and mergers they ended up owning the bank where I'd had my accounts for 15-20 years. But I've never had any real problems with them. At the moment I'd be charged a monthly fee for using their website to pay my bills, but I dodge that by paying anything that can be done electronically at the payees' sites - since they're the ones who want to get paid, they seem perfectly happy to handle the transactions from their end without charging me anything. But I do pay a monthly "service fee" on my checking account, against which I write two - count 'em, TWO - checks a month. Everything else is an electronic transaction of some kind, and I really only use the debit card when I need cash back at the till or to withdraw it directly from a Chase ATM. If they want to charge me an extra fee just for that, then I'm gonna have to start wondering what the current service fee is for - the untold toil and sweat that goes into handling my two paper checks a month? The real question for me is whether or not the smaller institutions and credit unions around here have caught up in offering online banking. Some family have had their accounts at one of the bigger local credit unions for years, and it's only been in the past few years that they actually had access to an ATM that wasn't INSIDE the bank lobby and therefore unavailable when the bank was closed. How convenient! So I guess what I'm saying is, if there's not a better alternative that will still give me all the conveniences I have now with Chase, I'd probably just suck it up and pay the darn fee.