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| Debating with the enemy Discuss politics, current events, and other hot button issues here. |
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10-02-2011, 04:59 PM
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#16 |
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Naega jeil jal naga
Join Date: Jan 2006
Location: Atlanta, Georgia From: Silver Spring, Maryland
Age: 39
Posts: 14,750
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Re: Banks preparing to charge for debit card usage
0 Blitz! 0 Blitz! 0 Blitz! 0 Blitz! 0 Blitz! 0 Blitz! EVERYBODY! 0 Blitz! 0 Blitz! ..............0 Blitz?
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"It's nice to be important, but its more important to be nice." - Scooter "I feel like Dirtbag has been slowly and methodically trolling the board for a month or so now." - FRPLG |
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10-02-2011, 05:38 PM
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#17 | |
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Living Legend
Join Date: Dec 2005
Location: Washington DC
Age: 38
Posts: 16,867
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Re: Banks preparing to charge for debit card usage
Quote:
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Establishment, establishment, you always know what's best. I've been a part of this message board for 17 years. Damn I'm old. |
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10-03-2011, 10:55 AM
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#18 |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: Banks preparing to charge for debit card usage
I often wonder how my bank even makes any money off my accounts. With one bank I have 5 checking accounts with free checks both personal and business and they don't charge me any service charges. I have only purchased business checks once last year and this time the bank paid.
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10-03-2011, 11:59 AM
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#19 | |
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MVP
Join Date: Feb 2004
Location: Seattle
Age: 45
Posts: 10,069
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Re: Banks preparing to charge for debit card usage
Quote:
You're a business man and you don't know what your money sitting on your account does for them? Well, they could use it to make loans to people who can't afford it, they could issue credit cards to broke college students, or they could lend it to other businesses on the verge of going out of business. With the measly cost of checking and checkbook they could make prime rate return on your money or lose it all like most banks did the last few years.
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"The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins |
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10-03-2011, 12:19 PM
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#20 |
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\m/
 
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,563
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Re: Banks preparing to charge for debit card usage
What? Banks don't make a killing on checks and nickle & dime fees?
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10-03-2011, 02:37 PM
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#21 | |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: Banks preparing to charge for debit card usage
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Last edited by firstdown; 10-03-2011 at 06:31 PM. |
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10-03-2011, 06:05 PM
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#22 |
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Most Interesting Man in the World
Join Date: Dec 2005
Location: Chantilly, VA
Age: 37
Posts: 8,606
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Re: Banks preparing to charge for debit card usage
Am I the only one that thinks this thread is about Brandon Banks whenever taking a quick glance at it?
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Vacancy |
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10-03-2011, 06:12 PM
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#23 | |
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Playmaker
Join Date: Nov 2006
Location: Richmond
Posts: 3,261
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Re: Banks preparing to charge for debit card usage
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Ive been fulled at least 3 times, including most recently because of your reply!!!
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10-05-2011, 06:20 PM
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#24 | |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: Banks preparing to charge for debit card usage
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10-05-2011, 06:54 PM
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#25 |
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Hug Anne Spyder
Join Date: Mar 2005
Posts: 20,477
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Re: Banks preparing to charge for debit card usage
I'm about to switch to Navy Federal, I apparently spoke too soon when I said Wells Fargo hasn't charged me any dumb fees yet. They just charged me 12.50 in an "overdraft transfer fee", so apparently even if you have money in a savings account to backup your checking, they're still gonna charge you a ridiculous fee just to transfer it to your checking to cover the purchase. I only think it's ridiculous because the fee in question actually cost more than the purchase I made.
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Hail to the Football Team |
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10-06-2011, 11:48 AM
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#26 | |
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Playmaker
Join Date: Nov 2006
Location: Richmond
Posts: 3,261
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Re: Banks preparing to charge for debit card usage
Quote:
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10-06-2011, 02:10 PM
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#27 |
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Franchise Player
Join Date: Mar 2007
Location: Virginia
Posts: 7,766
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Re: Banks preparing to charge for debit card usage
This is a simple solution......
All BOA customers need to take their money elsewhere and close their accounts. Maybe if all the other Big Banks see how the general public will not tolerate this then the other banks will be scared to pull the trigger on this extra fee also. If I'm correct it's only BOA right now so if the other see a mass exodus they will not add the fee for fear of losing customers and money. |
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10-06-2011, 04:01 PM
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#28 |
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Naega jeil jal naga
Join Date: Jan 2006
Location: Atlanta, Georgia From: Silver Spring, Maryland
Age: 39
Posts: 14,750
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Re: Banks preparing to charge for debit card usage
I'm leaving Bank of America. My parents set me up with a savings account at Navy Federal awhile back so everything else I have with Bank of America is going to be moved there. I will also get a debit card and an ATM card that will reimburse me for not using their ATM's.
__________________
"It's nice to be important, but its more important to be nice." - Scooter "I feel like Dirtbag has been slowly and methodically trolling the board for a month or so now." - FRPLG |
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10-06-2011, 04:10 PM
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#29 | |
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Pro Bowl
Join Date: Feb 2004
Location: Virginia Beach
Age: 50
Posts: 5,311
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Re: Banks preparing to charge for debit card usage
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I have a better idea. Why not make it clear to Congress that we will no longer accept short-sighted interference into the market by placing arbitrary rules that favor one side over the other, creating an outcome that will only wind up costing the consumer money? That's what happened here: Sen. Dick Durbin adds an amendment to the treacherous Dodd-Frank bill giving the advantage to retailers in a long dispute over who bears the cost of transferring funds electronically. The result? Banks get stuck with most of the bill, so they do what businesses naturally do when they have to answer to shareholders -- pass the expense to the consumer. So don't blame the banks, blame Congress for screwing around with the free market. |
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10-06-2011, 05:41 PM
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#30 | |
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MVP
Join Date: May 2004
Age: 46
Posts: 10,164
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Re: Banks preparing to charge for debit card usage
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Lesson of the day...gov't involvement has a tendency to screw sh*t up. For every problem it purports to fix it creates at least one other new problem. Sometimes these new problems are worse than the original problem. And the last people on Earth smart enough to figure out which "solutions" will work and which won't are...you guessed it ..politicians. |
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