OT: Chase sucks………………….fees fees fees fees fees fees

[KSMountain]

[quote=briansd1]
I think that a pain vanilla, no fee, bank account should be like universal lifeline telephone. Everyone should be able open up one.[/quote]
Sure. Free banking is obviously a basic human right. If the banks (for no reason other than their sheer spitefulness and greed) won’t provide that for free, I guess the government will have to step in.

Is ATM access included in this vanilla account you envision? What about check (and bad check) processing? How about online access? What about face to face or telephone-based customer service? Who pays the salaries, facilities, equipment, and energy costs that are required to provide those services? The bank (and their shareholders) should just eat those costs?

There’s no such thing as something for nothing. What you’re really proposing is to give some folks an artificial free ride at the expense of some other folks.

I agree it would be nice if folks had a simple option available to them so they weren’t tempted to go to the check cashing and payday loan rapists. But I don’t agree it should be free.

Should banks be required to provide a minimum basic account at some nominal rate? Well at first blush that seems reasonable, but which banks? All banks? What rate? Who sets that? Is it the same in all states? What services are provided? In what languages must the customer service be provided? Is there a performance requirement for the servers behind the online banking? Who should be eligible?

I like flu’s approach better. Those guys pissed him off, so he left. The marketplace at work.

[edna_mode]

Oh, flu. I’m sorry you had to figure this out on your own about Chase.

One tip about banks: there is a website that helps you sort out who the specific regulator is for that bank — http://www.helpwithmybank.gov/

Here’s a couple of handy tips for EVERYONE who is even remotely tempted by Chase:

1) Their regulator is the Office of the Comptroller of the Currency, a national agency. You will need to know this eventually, after you have already wasted a month’s worth of free time on the phone getting bounced from one department to the next with conflicting requests for information.

2) There are separate executive offices to deal with the bank and with the credit card divisions. After you have sent the certified letter to the CEO and the Comptroller of the Currency with the detailed 2 year history of How Chase Screwed With The Wrong Person, they actually do have the power to help you. Better yet, one executive office will actually transfer you to another empowered being in the other executive office.

Remember there is always a reason they have to offer such tempting rebate terms, or cash on opening an account. There is no way they would get new business on reputation otherwise.

[edna_mode]

Oh, flu. I’m sorry you had to figure this out on your own about Chase.

One tip about banks: there is a website that helps you sort out who the specific regulator is for that bank — http://www.helpwithmybank.gov/

Here’s a couple of handy tips for EVERYONE who is even remotely tempted by Chase:

1) Their regulator is the Office of the Comptroller of the Currency, a national agency. You will need to know this eventually, after you have already wasted a month’s worth of free time on the phone getting bounced from one department to the next with conflicting requests for information.

2) There are separate executive offices to deal with the bank and with the credit card divisions. After you have sent the certified letter to the CEO and the Comptroller of the Currency with the detailed 2 year history of How Chase Screwed With The Wrong Person, they actually do have the power to help you. Better yet, one executive office will actually transfer you to another empowered being in the other executive office.

Remember there is always a reason they have to offer such tempting rebate terms, or cash on opening an account. There is no way they would get new business on reputation otherwise.

[edna_mode]

Oh, flu. I’m sorry you had to figure this out on your own about Chase.

One tip about banks: there is a website that helps you sort out who the specific regulator is for that bank — http://www.helpwithmybank.gov/

Here’s a couple of handy tips for EVERYONE who is even remotely tempted by Chase:

1) Their regulator is the Office of the Comptroller of the Currency, a national agency. You will need to know this eventually, after you have already wasted a month’s worth of free time on the phone getting bounced from one department to the next with conflicting requests for information.

2) There are separate executive offices to deal with the bank and with the credit card divisions. After you have sent the certified letter to the CEO and the Comptroller of the Currency with the detailed 2 year history of How Chase Screwed With The Wrong Person, they actually do have the power to help you. Better yet, one executive office will actually transfer you to another empowered being in the other executive office.

Remember there is always a reason they have to offer such tempting rebate terms, or cash on opening an account. There is no way they would get new business on reputation otherwise.

[edna_mode]

Oh, flu. I’m sorry you had to figure this out on your own about Chase.

One tip about banks: there is a website that helps you sort out who the specific regulator is for that bank — http://www.helpwithmybank.gov/

Here’s a couple of handy tips for EVERYONE who is even remotely tempted by Chase:

1) Their regulator is the Office of the Comptroller of the Currency, a national agency. You will need to know this eventually, after you have already wasted a month’s worth of free time on the phone getting bounced from one department to the next with conflicting requests for information.

2) There are separate executive offices to deal with the bank and with the credit card divisions. After you have sent the certified letter to the CEO and the Comptroller of the Currency with the detailed 2 year history of How Chase Screwed With The Wrong Person, they actually do have the power to help you. Better yet, one executive office will actually transfer you to another empowered being in the other executive office.

Remember there is always a reason they have to offer such tempting rebate terms, or cash on opening an account. There is no way they would get new business on reputation otherwise.

[edna_mode]

Oh, flu. I’m sorry you had to figure this out on your own about Chase.

One tip about banks: there is a website that helps you sort out who the specific regulator is for that bank — http://www.helpwithmybank.gov/

Here’s a couple of handy tips for EVERYONE who is even remotely tempted by Chase:

1) Their regulator is the Office of the Comptroller of the Currency, a national agency. You will need to know this eventually, after you have already wasted a month’s worth of free time on the phone getting bounced from one department to the next with conflicting requests for information.

2) There are separate executive offices to deal with the bank and with the credit card divisions. After you have sent the certified letter to the CEO and the Comptroller of the Currency with the detailed 2 year history of How Chase Screwed With The Wrong Person, they actually do have the power to help you. Better yet, one executive office will actually transfer you to another empowered being in the other executive office.

Remember there is always a reason they have to offer such tempting rebate terms, or cash on opening an account. There is no way they would get new business on reputation otherwise.

[edna_mode]

one other comment: if you estimate your free time at 2x your salary rate (i.e. if you earn $50/hr, your free time is worth $100/hr), then it becomes much easier to value what those “freebies” should really be offering you when you factor in the “how much future time is possibly at risk when Chase fucks up?” question.

[edna_mode]

one other comment: if you estimate your free time at 2x your salary rate (i.e. if you earn $50/hr, your free time is worth $100/hr), then it becomes much easier to value what those “freebies” should really be offering you when you factor in the “how much future time is possibly at risk when Chase fucks up?” question.

[edna_mode]

one other comment: if you estimate your free time at 2x your salary rate (i.e. if you earn $50/hr, your free time is worth $100/hr), then it becomes much easier to value what those “freebies” should really be offering you when you factor in the “how much future time is possibly at risk when Chase fucks up?” question.

[edna_mode]

one other comment: if you estimate your free time at 2x your salary rate (i.e. if you earn $50/hr, your free time is worth $100/hr), then it becomes much easier to value what those “freebies” should really be offering you when you factor in the “how much future time is possibly at risk when Chase fucks up?” question.

[edna_mode]

one other comment: if you estimate your free time at 2x your salary rate (i.e. if you earn $50/hr, your free time is worth $100/hr), then it becomes much easier to value what those “freebies” should really be offering you when you factor in the “how much future time is possibly at risk when Chase fucks up?” question.

[CA renter]

[quote=KSMountain][quote=briansd1]
I think that a pain vanilla, no fee, bank account should be like universal lifeline telephone. Everyone should be able open up one.[/quote]
Sure. Free banking is obviously a basic human right. If the banks (for no reason other than their sheer spitefulness and greed) won’t provide that for free, I guess the government will have to step in.

Is ATM access included in this vanilla account you envision? What about check (and bad check) processing? How about online access? What about face to face or telephone-based customer service? Who pays the salaries, facilities, equipment, and energy costs that are required to provide those services? The bank (and their shareholders) should just eat those costs?

There’s no such thing as something for nothing. What you’re really proposing is to give some folks an artificial free ride at the expense of some other folks.

I agree it would be nice if folks had a simple option available to them so they weren’t tempted to go to the check cashing and payday loan rapists. But I don’t agree it should be free.

Should banks be required to provide a minimum basic account at some nominal rate? Well at first blush that seems reasonable, but which banks? All banks? What rate? Who sets that? Is it the same in all states? What services are provided? In what languages must the customer service be provided? Is there a performance requirement for the servers behind the online banking? Who should be eligible?

I like flu’s approach better. Those guys pissed him off, so he left. The marketplace at work.[/quote]

But don’t forget that with fractional reserve lending, they are making many times the going rate on our deposits.

If we had full reserve banking, I could see charging people for the service provided by a bank, but with fractional reserve banking, they are already making enough money to pay for all the costs and then some. It wouldn’t be as profitable as it’s been these past couple of decades, but banking is, in itself, unproductive, and should be a much smaller part of our economy.

If the banks can’t cut it, then perhaps our financial infrastructure is important enough to be handled by the Treasury. After all, we don’t really need private banks — especially if they are going to privatize all the profits while foisting their losses on the taxpayers all the time, do we?

[CA renter]

[quote=KSMountain][quote=briansd1]
I think that a pain vanilla, no fee, bank account should be like universal lifeline telephone. Everyone should be able open up one.[/quote]
Sure. Free banking is obviously a basic human right. If the banks (for no reason other than their sheer spitefulness and greed) won’t provide that for free, I guess the government will have to step in.

Is ATM access included in this vanilla account you envision? What about check (and bad check) processing? How about online access? What about face to face or telephone-based customer service? Who pays the salaries, facilities, equipment, and energy costs that are required to provide those services? The bank (and their shareholders) should just eat those costs?

There’s no such thing as something for nothing. What you’re really proposing is to give some folks an artificial free ride at the expense of some other folks.

I agree it would be nice if folks had a simple option available to them so they weren’t tempted to go to the check cashing and payday loan rapists. But I don’t agree it should be free.

Should banks be required to provide a minimum basic account at some nominal rate? Well at first blush that seems reasonable, but which banks? All banks? What rate? Who sets that? Is it the same in all states? What services are provided? In what languages must the customer service be provided? Is there a performance requirement for the servers behind the online banking? Who should be eligible?

I like flu’s approach better. Those guys pissed him off, so he left. The marketplace at work.[/quote]

But don’t forget that with fractional reserve lending, they are making many times the going rate on our deposits.

If we had full reserve banking, I could see charging people for the service provided by a bank, but with fractional reserve banking, they are already making enough money to pay for all the costs and then some. It wouldn’t be as profitable as it’s been these past couple of decades, but banking is, in itself, unproductive, and should be a much smaller part of our economy.

If the banks can’t cut it, then perhaps our financial infrastructure is important enough to be handled by the Treasury. After all, we don’t really need private banks — especially if they are going to privatize all the profits while foisting their losses on the taxpayers all the time, do we?

[CA renter]

[quote=KSMountain][quote=briansd1]
I think that a pain vanilla, no fee, bank account should be like universal lifeline telephone. Everyone should be able open up one.[/quote]
Sure. Free banking is obviously a basic human right. If the banks (for no reason other than their sheer spitefulness and greed) won’t provide that for free, I guess the government will have to step in.

Is ATM access included in this vanilla account you envision? What about check (and bad check) processing? How about online access? What about face to face or telephone-based customer service? Who pays the salaries, facilities, equipment, and energy costs that are required to provide those services? The bank (and their shareholders) should just eat those costs?

There’s no such thing as something for nothing. What you’re really proposing is to give some folks an artificial free ride at the expense of some other folks.

I agree it would be nice if folks had a simple option available to them so they weren’t tempted to go to the check cashing and payday loan rapists. But I don’t agree it should be free.

Should banks be required to provide a minimum basic account at some nominal rate? Well at first blush that seems reasonable, but which banks? All banks? What rate? Who sets that? Is it the same in all states? What services are provided? In what languages must the customer service be provided? Is there a performance requirement for the servers behind the online banking? Who should be eligible?

I like flu’s approach better. Those guys pissed him off, so he left. The marketplace at work.[/quote]

But don’t forget that with fractional reserve lending, they are making many times the going rate on our deposits.

If we had full reserve banking, I could see charging people for the service provided by a bank, but with fractional reserve banking, they are already making enough money to pay for all the costs and then some. It wouldn’t be as profitable as it’s been these past couple of decades, but banking is, in itself, unproductive, and should be a much smaller part of our economy.

If the banks can’t cut it, then perhaps our financial infrastructure is important enough to be handled by the Treasury. After all, we don’t really need private banks — especially if they are going to privatize all the profits while foisting their losses on the taxpayers all the time, do we?

[CA renter]

[quote=KSMountain][quote=briansd1]
I think that a pain vanilla, no fee, bank account should be like universal lifeline telephone. Everyone should be able open up one.[/quote]
Sure. Free banking is obviously a basic human right. If the banks (for no reason other than their sheer spitefulness and greed) won’t provide that for free, I guess the government will have to step in.

Is ATM access included in this vanilla account you envision? What about check (and bad check) processing? How about online access? What about face to face or telephone-based customer service? Who pays the salaries, facilities, equipment, and energy costs that are required to provide those services? The bank (and their shareholders) should just eat those costs?

There’s no such thing as something for nothing. What you’re really proposing is to give some folks an artificial free ride at the expense of some other folks.

I agree it would be nice if folks had a simple option available to them so they weren’t tempted to go to the check cashing and payday loan rapists. But I don’t agree it should be free.

Should banks be required to provide a minimum basic account at some nominal rate? Well at first blush that seems reasonable, but which banks? All banks? What rate? Who sets that? Is it the same in all states? What services are provided? In what languages must the customer service be provided? Is there a performance requirement for the servers behind the online banking? Who should be eligible?

I like flu’s approach better. Those guys pissed him off, so he left. The marketplace at work.[/quote]

But don’t forget that with fractional reserve lending, they are making many times the going rate on our deposits.

If we had full reserve banking, I could see charging people for the service provided by a bank, but with fractional reserve banking, they are already making enough money to pay for all the costs and then some. It wouldn’t be as profitable as it’s been these past couple of decades, but banking is, in itself, unproductive, and should be a much smaller part of our economy.

If the banks can’t cut it, then perhaps our financial infrastructure is important enough to be handled by the Treasury. After all, we don’t really need private banks — especially if they are going to privatize all the profits while foisting their losses on the taxpayers all the time, do we?

[Author]

Posts