sammyk: You guys didn't really think those free checking accounts were actually free did you?

It's free to me, so uh... yeah.

Walker: sammyk: You guys didn't really think those free checking accounts were actually free did you?

Yeah, I kinda did.....cause mine is free.

Mine too, but then again I use a local bank for everything but my mortgage.

Chase just bought my Mortgage last month and in 31 days has managed to double charge me for an online payment....TWICE!

Seriously wtf?

sammyk: You guys didn't really think those free checking accounts were actually free did you?

Wonderful way to troll another bank-hate thread.

/golf clap

This was the plan all along...like new coke...let people think they have a victory...

move your cash to credit union sheeple

sammyk: You guys didn't really think those free checking accounts were actually free did you?

Yeah, cause my credit union pays me intrest on my checking account.

Good news, consumers. Banks have heard your outrage over the utterly transparent debit card fees that haven't actually happened, so they're going to roll those on back and replace them with far more subtle fees I made up in my head instead

FTFY subby.

/keep going for that low-hanging fruit

If they can't make enough money off of holding my money at 0.00% interest in order to let me use a debit card that saves them money over cash and checks for free, then something is seriously wrong with the banks.

Good. I know the banks are going to screw me, and I'd appreciate them making an effort to be subtle about it.

Quick Call Dick Durbin!

USAA! USAA USAA!

Banks are the most inefficient, uncompetitive, pile of crap businesses out there. The fact that they can make money hand over fist is evidence that the free market system doesn't apply to them. They ought to be able to make up the lost revenue with cost-out measures and efficiencies.

If I ask the cashier to run my card as a credit card, I don't get any fees. Beats carrying cash by a mile.

According to an article I read this morning, even at 22 cents per transaction the banks are still making 11 cents per.
It was just another scam by the banks to rip you off.

Why do people get upset about being charged such fees? Do they really expect banks to provide such services for free? Do they really think that providing the service doesn't cost the bank anything?

Spanky_McFarksalot: move your cash to credit union sheeple

The term "sheeple"
Is farking retarded
\o/
|
/\

angryneo: USAA! USAA USAA!

Cats_Lie: Banks are the most inefficient, uncompetitive, pile of crap businesses out there. The fact that they can make money hand over fist is evidence that the free market system doesn't apply to them. They ought to be able to make up the lost revenue with cost-out measures and efficiencies.

Keep in mind they sold debit cards as something efficient and cost saving. Now they're just too darn expensive to support for some reason.

Fark 'em!

I closed out all accounts with big banks and credit cards and use my local credit union exclusively. No checking account fees. Free on-line banking. Credit card fees are 1/4 what BoA steals from you.

Fark 'em!

If you continue to give them money they win.

Fark 'em!

I listened to all the news recently about how big banks suck, and decided to move my money over to a credit union. I found Priority One that offers me 2.5% on my checking. That's right, not .25%, but 2.5%. It was a little better than the .05% I was getting at Wells Fargo.

Even IF you guys don't have a problem with news bank fees that will almost certainly hit, and even IF you're able to avoid them, you should still move your money. The interest at smaller banks is unbelievable compared to what the big guys give.

Does anybody else get the feeling this whole "debit card fee" thing was a sham? Kinda like when gas prices were jacked up to $4 so we wouldn't complain about $3.50/gal prices? I'm getting the feeling we'll be seeing newer/high fees elsewhere.

/obvious

I expect certain fees, but not to use a card.

Free checking was made up in the overdraft fees, and to increase fees paid by customers when they are still making money (because they haven't written down a lot of bad loans in some cases).

I'm sorta upset with banks, but more upset at the assholes that only look to the next quarter.

Cloudchaser Sakonige the Red Wolf: Why do people get upset about being charged such fees? Do they really expect banks to provide such services for free? Do they really think that providing the service doesn't cost the bank anything?

They (the banks) used to give you toasters. Now they don't even provide the penis butter.

DoBeDoBeDo: Walker: sammyk: You guys didn't really think those free checking accounts were actually free did you?

Yeah, I kinda did.....cause mine is free.

Mine too, but then again I use a local bank for everything but my mortgage.

Chase just bought my Mortgage last month and in 31 days has managed to double charge me for an online payment....TWICE!

Seriously wtf?

Just wait, it gets better. It took me 20 months and 6 denials to get my mortgage modified only to find out I qualified when I first applied. After the modification, they managed to screw it up in less than 60 days and said it was my fault because I paid a payment early. Consider the double charge a "Welcome Gift".

I hope banks have learned a new phrase.

Tipping point.

Here's another phrase. Credit union.

While some people may have the need or desire to stay with a bank, I have enjoyed the service and products my CUs have given me over the years.

Fark off and die, banks. Seriously, FARK OFF AND DIE. Because it has become very clear to lots of people that while the tide rises their little boat is beached and rotting. Everyone used to share in rising prosperity. Now what prosperity is generated is cannibalistic.

I wish I could remember my Marx and Engels. I wonder where we are along their time-line.

doomjesse: Quick Call Dick Durbin!

1-800-dumbass

IWillRuleTheWorld: DoBeDoBeDo: Walker: sammyk: You guys didn't really think those free checking accounts were actually free did you?

Yeah, I kinda did.....cause mine is free.

Mine too, but then again I use a local bank for everything but my mortgage.

Chase just bought my Mortgage last month and in 31 days has managed to double charge me for an online payment....TWICE!

Seriously wtf?

Just wait, it gets better. It took me 20 months and 6 denials to get my mortgage modified only to find out I qualified when I first applied. After the modification, they managed to screw it up in less than 60 days and said it was my fault because I paid a payment early. Consider the double charge a "Welcome Gift".

Yes the second one was yesterday, and also because I "paid early", since I just pay my bills on Mondays and it's due today.

I don't get how me paying early means you process the payment twice on the same day though. They couldn't explain that to me either.

What's with people here defending the debit card fees? They make money on every single transaction you make with a debit card, same way credit card companies do. Really, what banks should be doing to make up for lost revenue is to encourage more debit card use over credit card use. Instead they're doing the opposite.

All that the new legislation did is limit to I believe $0.21 per transaction, rather than the $0.42 they were charging vendors before. This in contrast to the $0.11 it actually costs banks per transaction. Banks aren't losing money on this, they're just making a ton of money instead of a crap ton of money. So their solution is to charge more, to get back up to that crap ton level.

I can't believe you guys like money too!

Can't repeat the "Credit Union" mantra enough.
Been a member of DCU since my dad worked at Digital.
Every car loan I've ever had has been though them.

They got a promotion right now actually, poking fun at the $5 bank fee - if you open a checking account and use their check card, they'll give you $5/month for 3 months.

/ ordinarily wouldn't plug like this, but I consider it a legit PSA

Cloudchaser Sakonige the Red Wolf: Why do people get upset about being charged such fees? Do they really expect banks to provide such services for free? Do they really think that providing the service doesn't cost the bank anything?

Well why do they insist on such low interest rates for an account? They get to use a majority of account holders money as they see fit and then charge us to withdraw our own money. So, what you are really saying is that banks should charge arbitrary fees to continue making large profits while using account holders money, because they are the bank, right? Well you seem a fellow that enjoys capitalism and it has spoken, in that consumers can take their business elsewhere if they do it agree to the new fees.

AdAstra16b: Does anybody else get the feeling this whole "debit card fee" thing was a sham? Kinda like when gas prices were jacked up to $4 so we wouldn't complain about $3.50/gal prices? I'm getting the feeling we'll be seeing newer/high fees elsewhere.

/obvious

I think it's similar to the $59 airfare that you have to add a $25 seat fee, $15 carry-on fee, $40 baggage fee, and the upcoming $1/min to breathe fee. I think the bank executives took a long weekend at the airline school of management.

Well just got the word today suntrust would refund all the money they have gouged from me from the "fee" but still gonna leave em next year

It's strange that my tiny little locally owned bank can make a nice profit without charging me any fees whatsoever, but huge mega-banks just can't seem to make ends meet without trying to gouge their customers at every turn. I wonder why that is?

MBooda: Good news, consumers. Banks have heard your outrage over the utterly transparent debit card fees that haven't actually happened, so they're going to roll those on back and replace them with far more subtle fees I made up in my head instead

FTFY subby.

/keep going for that low-hanging fruit

Know what the fark you're talking about jackass, I have Suntrust, and the $5 fee has been there for a few months already. Somebody shoulda kicked your father in his low hanging fruit.


coolmanjack: What's with people here defending the debit card fees? They make money on every single transaction you make with a debit card, same way credit card companies do. Really, what banks should be doing to make up for lost revenue is to encourage more debit card use over credit card use. Instead they're doing the opposite.

All that the new legislation did is limit to I believe $0.21 per transaction, rather than the $0.42 they were charging vendors before. This in contrast to the $0.11 it actually costs banks per transaction. Banks aren't losing money on this, they're just making a ton of money instead of a crap ton of money. So their solution is to charge more, to get back up to that crap ton level.

It's amazing how stupid/ ignorant people are. You are absolutely correct. It's double dipping. Paypal charges me a fee everytime I sell an item and accept payment, now if they start also charging customers, that's 2 fees for one transaction. No wonder this economy is down in the shiatter.

Serious question, not trolling.

Can I demand that my employer pay me in cash? With appropriate payroll deductions and such?

trappedspirit: Don't be daft. The network is free. The transactions are free. Archival storage is free. The processing is free. The cards are free. Computers are free. Why should they be charging me?

The banks charge the merchant ~2% of every card purchase. The banks are scraping 2% off the top for a very very large percentage of the entire economy. Secondly, the "network" is typically mostly the Visa network which is a separate flat fee of a few pennies per transaction to the merchant and varies based on scale.

So.. the price of 90% of the goods and services I buy have a built in 2% "bank fee" for the me to use the card already. They are already charging me.

Rev. Skarekroe: Hush now!
Banks should be able to make you pay whatever they want to do anything and we should thank them for the privilege.

Meh, banks should be able to charge whatever the market will bear. Apparently the market will not bear a $5/mo debit card fee.

hbk72777: Know what the fark you're talking about jackass, I have Suntrust, and the $5 fee has been there for a few months already. Somebody shoulda kicked your father in his low hanging fruit.

And after five months, you still have an account?

You're more brainless than you sound.

/or possibly fruitless

Hermione_Granger: Serious question, not trolling.

Can I demand that my employer pay me in cash? With appropriate payroll deductions and such?


You might be able to cash the check in your office petty cash or something like that? I used to do that back in high school when I worked at Publix, but something tells me it might be a little different in real jobs.

Hermione_Granger: Serious question, not trolling.

Can I demand that my employer pay me in cash? With appropriate payroll deductions and such?

not sure but you can have them cut you a check, which you can cash without making a deposit?