Bogus banking fees creeping up?

[Coronita]

[quote=kev374]so why do you bank with them? There are hundreds of other banks that will take your business and offer you a much better deal.

[/quote]

For BofA (and Wells for that matter), convenience.

For Citibank: it use to be for the dividend dollars. But more importantly, I do like their virtual account number feature when I buy something from the net and i suspend the establishment is shady. It has come in really handy to generate virtual account number with a preset limit and expiration date, and use that number for purchases. It has also come in handy, when it comes to signing up for “trial” services that require you to provide a CC number. In the past, even if I cancelled my trial services on time, I often get charged accidently. With a virtual account number, I can configure a virtual CC# to use for the trial service such that it’s expiration date is 2 month or the credit limit ($2.00) is reached right after my trial period expires. That way, even if I cancel my service, the business can’t bill me accidentally, because the virtual account CC# will be declined.

[Coronita]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

[Coronita]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

[Coronita]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

[Coronita]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

[Coronita]

[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

[Aecetia]

I agree with you flu and when you catch them and call them on the fees, they usually back down. I also think that they did not used to be so petty and money grubbing (is that possible?), but I think the complexity of billing statements from telephone bills, cable bills, etc. has allowed them to pad their bills and get away with it much of the time because most people are so busy they do not have the time to scrutinize bills, item by item. This includes the government and its enumerable fees that are really taxes.

[Aecetia]

I agree with you flu and when you catch them and call them on the fees, they usually back down. I also think that they did not used to be so petty and money grubbing (is that possible?), but I think the complexity of billing statements from telephone bills, cable bills, etc. has allowed them to pad their bills and get away with it much of the time because most people are so busy they do not have the time to scrutinize bills, item by item. This includes the government and its enumerable fees that are really taxes.

[Aecetia]

I agree with you flu and when you catch them and call them on the fees, they usually back down. I also think that they did not used to be so petty and money grubbing (is that possible?), but I think the complexity of billing statements from telephone bills, cable bills, etc. has allowed them to pad their bills and get away with it much of the time because most people are so busy they do not have the time to scrutinize bills, item by item. This includes the government and its enumerable fees that are really taxes.

[Aecetia]

I agree with you flu and when you catch them and call them on the fees, they usually back down. I also think that they did not used to be so petty and money grubbing (is that possible?), but I think the complexity of billing statements from telephone bills, cable bills, etc. has allowed them to pad their bills and get away with it much of the time because most people are so busy they do not have the time to scrutinize bills, item by item. This includes the government and its enumerable fees that are really taxes.

[Aecetia]

I agree with you flu and when you catch them and call them on the fees, they usually back down. I also think that they did not used to be so petty and money grubbing (is that possible?), but I think the complexity of billing statements from telephone bills, cable bills, etc. has allowed them to pad their bills and get away with it much of the time because most people are so busy they do not have the time to scrutinize bills, item by item. This includes the government and its enumerable fees that are really taxes.

[barnaby33]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

Haven’t we spent a good percentage of the last year talking about bank insolvency? When the govt is willing to tax the ever living fuck out of your kids and your parents to pay for its profligacy, it hardly seems unreasonable for banks to charge a little something extra.

Written documents are for suckers! Contracts are for suckers(ask a short seller)! Those who aren’t that well connected anyway. I’m shocked flu that you of all people would exhibit such faux surprise. You’ve been around this board long enough to see the fraud evolve. You are the mark, expect it get over it, adjust in your banking business model and move on. Either that or goto cash like I’m doing.

Josh

[barnaby33]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

Haven’t we spent a good percentage of the last year talking about bank insolvency? When the govt is willing to tax the ever living fuck out of your kids and your parents to pay for its profligacy, it hardly seems unreasonable for banks to charge a little something extra.

Written documents are for suckers! Contracts are for suckers(ask a short seller)! Those who aren’t that well connected anyway. I’m shocked flu that you of all people would exhibit such faux surprise. You’ve been around this board long enough to see the fraud evolve. You are the mark, expect it get over it, adjust in your banking business model and move on. Either that or goto cash like I’m doing.

Josh

[barnaby33]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

Haven’t we spent a good percentage of the last year talking about bank insolvency? When the govt is willing to tax the ever living fuck out of your kids and your parents to pay for its profligacy, it hardly seems unreasonable for banks to charge a little something extra.

Written documents are for suckers! Contracts are for suckers(ask a short seller)! Those who aren’t that well connected anyway. I’m shocked flu that you of all people would exhibit such faux surprise. You’ve been around this board long enough to see the fraud evolve. You are the mark, expect it get over it, adjust in your banking business model and move on. Either that or goto cash like I’m doing.

Josh

[barnaby33]

Except that when you have a written document you signed explicitly stating that the account is a no-fees account. It’s one thing charge fees with the customer knowing.

It’s completey different for a business to state no-fees and then “accidentally” charge fees to see if the customer notices and goes through the process of disputing them.

Doesn’t seem like these banks use to do these games.

Haven’t we spent a good percentage of the last year talking about bank insolvency? When the govt is willing to tax the ever living fuck out of your kids and your parents to pay for its profligacy, it hardly seems unreasonable for banks to charge a little something extra.

Written documents are for suckers! Contracts are for suckers(ask a short seller)! Those who aren’t that well connected anyway. I’m shocked flu that you of all people would exhibit such faux surprise. You’ve been around this board long enough to see the fraud evolve. You are the mark, expect it get over it, adjust in your banking business model and move on. Either that or goto cash like I’m doing.

Josh

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