01-13-2011, 03:37 PM
"I do have a problem with being charged to access my own money. Especially since the bank is profiting from my money in the first place."
Logic fail, they dont charge you if you keep money in it, which they have to do to make money. If you dont have money, they aint making anything and have to pay for all the things you enjoy.
So your saying you want somebody to be federally insured to save your money, allow you to pull money from places all over the state/country, check your balances, hold your money, and earn a somewhat measly profit but at least money on it? All they are doing is instituting fees on people who
A) dont keep enough money in their bank account
-Bank doesnt make any money off of this
-Bank has considerable capital to let you deposit/withdraw constantly, its gotta somehow pay for it
B) Another way to charge people overdrafting
-You overdraft....THAT IS A LOAN in effect, even with online banking/bank cards/statements every month, youve gone over. They give you the tools to track it for free!!!!!!! and you still mess up! Ive overdrafted once, now I didnt pay a fee, but honestly I fucked up and got a short-term loan from the bank, meaning they have either have considerable capital or time to process all of this. Gotta pay for it somehow.
Honestly, 99% of us here would never need to be charged a single dollar in fees, you make up for it by giving the bank a loan (your balance) and its even FDIC insured, what stock market investment can you be ASSURED of getting your dollars out and what personal loan to someone else can you *easily* get your money back?
I honestly wouldnt care if they charged people more for those that dont keep balances. Bank has to pay for its own bills/people/capital. If we were to not charge people anything for overdrafts/low balances, the people who DO have balances have to "make up" for this lack of income, by probably reducing interest rates on CDs and savings.
Logic fail, they dont charge you if you keep money in it, which they have to do to make money. If you dont have money, they aint making anything and have to pay for all the things you enjoy.
So your saying you want somebody to be federally insured to save your money, allow you to pull money from places all over the state/country, check your balances, hold your money, and earn a somewhat measly profit but at least money on it? All they are doing is instituting fees on people who
A) dont keep enough money in their bank account
-Bank doesnt make any money off of this
-Bank has considerable capital to let you deposit/withdraw constantly, its gotta somehow pay for it
B) Another way to charge people overdrafting
-You overdraft....THAT IS A LOAN in effect, even with online banking/bank cards/statements every month, youve gone over. They give you the tools to track it for free!!!!!!! and you still mess up! Ive overdrafted once, now I didnt pay a fee, but honestly I fucked up and got a short-term loan from the bank, meaning they have either have considerable capital or time to process all of this. Gotta pay for it somehow.
Honestly, 99% of us here would never need to be charged a single dollar in fees, you make up for it by giving the bank a loan (your balance) and its even FDIC insured, what stock market investment can you be ASSURED of getting your dollars out and what personal loan to someone else can you *easily* get your money back?
I honestly wouldnt care if they charged people more for those that dont keep balances. Bank has to pay for its own bills/people/capital. If we were to not charge people anything for overdrafts/low balances, the people who DO have balances have to "make up" for this lack of income, by probably reducing interest rates on CDs and savings.
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2009 Z06
1986.5 Porsche 928S