Comments on: Bank Fees Still on the Rise http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sat, 11 Feb 2012 21:46:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Jeffry Pilcher http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-40647 Jeffry Pilcher Mon, 19 Oct 2009 14:09:29 +0000 http://www.mint.com/blog/?p=6501#comment-40647 1. Banks have repaid significant sums of the TARP total back. That number is no longer $700 billion. It's closer to half that. 2. Banks can only make money one of two ways: lend it (which they're not), or charge fees for using/warehousing/holding onto your money. Just something to keep in mind. 1. Banks have repaid significant sums of the TARP total back. That number is no longer $700 billion. It’s closer to half that.

2. Banks can only make money one of two ways: lend it (which they’re not), or charge fees for using/warehousing/holding onto your money. Just something to keep in mind.

]]> By: Victor Mora http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-40474 Victor Mora Sun, 18 Oct 2009 05:53:23 +0000 http://www.mint.com/blog/?p=6501#comment-40474 I moved all my business and personal accounts to a credit union. Where Bank of America was charging me $25/month per account, the credit union only charges $5.00. Figure that, credit unions can maintain your account for $5.00, and I sure they still make a profit. Also, credit unions are cooperatives, where profits are shared by all its members. I moved all my business and personal accounts to a credit union. Where Bank of America was charging me $25/month per account, the credit union only charges $5.00. Figure that, credit unions can maintain your account for $5.00, and I sure they still make a profit.

Also, credit unions are cooperatives, where profits are shared by all its members.

]]> By: Alexandre Macedo http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39846 Alexandre Macedo Tue, 13 Oct 2009 16:30:46 +0000 http://www.mint.com/blog/?p=6501#comment-39846 Not if you bank with USAA. :) Not if you bank with USAA. :) ]]> By: Will Financial Reform Help Consumers Help Themselves? | MintLife Blog | Personal Finance News & Advice http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39812 Will Financial Reform Help Consumers Help Themselves? | MintLife Blog | Personal Finance News & Advice Tue, 13 Oct 2009 02:00:04 +0000 http://www.mint.com/blog/?p=6501#comment-39812 [...] consumers against predatory lending practices, abusive credit card terms, and unfair charges and fees; • Protections for individual investors against unclear terms and undisclosed risks in their [...] [...] consumers against predatory lending practices, abusive credit card terms, and unfair charges and fees; • Protections for individual investors against unclear terms and undisclosed risks in their [...] ]]> By: Alicia Sanders http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39788 Alicia Sanders Mon, 12 Oct 2009 23:01:23 +0000 http://www.mint.com/blog/?p=6501#comment-39788 US Bank is also one of these vicious predators! They WILL NOT help you with anything - even bank errors. They are so hard for cash, they would rather make $35, than keep a customer happy. None of these banks deserve our hard-earned tax dollars! I think that there should be a limit on fees, the option to opt-in or out of an overdraft program (meaning that $3 transaction doesn't cost you $38), a limit on consecutive overdraft fees, and overdraft fees should be proportional to the amount ovedrawn - like 10% (so $3 on $30). I should start my own bank - the bank of the human beings who have bills to pay and families to feed! US Bank is also one of these vicious predators! They WILL NOT help you with anything – even bank errors. They are so hard for cash, they would rather make $35, than keep a customer happy. None of these banks deserve our hard-earned tax dollars! I think that there should be a limit on fees, the option to opt-in or out of an overdraft program (meaning that $3 transaction doesn’t cost you $38), a limit on consecutive overdraft fees, and overdraft fees should be proportional to the amount ovedrawn – like 10% (so $3 on $30).

I should start my own bank – the bank of the human beings who have bills to pay and families to feed!

]]> By: Chris http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39333 Chris Fri, 09 Oct 2009 20:51:15 +0000 http://www.mint.com/blog/?p=6501#comment-39333 Hey Folks, I just saw a great short video called "How to Beat the Bank" about someone who recovered their bank fees by filing a claim in small claims court against Wells Fargo. Very inexpensive to do. Here is the link: http://current.com/items/88849140_how-to-beat-th e-bank.htm In this movie, Ralph Nader suggested that every person unhappy with their overdraft fees should file a claim in small claims court against the bank. It probably costs the bank more to hire an attorney than to just return the fees to you. If the millions of people who have been charged these criminal fees were to file in small claims court, the banks would stop this practice quickly. Good luck! Hey Folks, I just saw a great short video called “How to Beat the Bank” about someone who recovered their bank fees by filing a claim in small claims court against Wells Fargo. Very inexpensive to do. Here is the link: http://current.com/items/88849140_how-to-beat-th e-bank.htm

In this movie, Ralph Nader suggested that every person unhappy with their overdraft fees should file a claim in small claims court against the bank. It probably costs the bank more to hire an attorney than to just return the fees to you. If the millions of people who have been charged these criminal fees were to file in small claims court, the banks would stop this practice quickly. Good luck!

]]> By: Chris http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39332 Chris Fri, 09 Oct 2009 20:50:49 +0000 http://www.mint.com/blog/?p=6501#comment-39332 I have just closed out my account with RBC bank and I also closed out an account at Bank of America because of their predatory overdraft fee practices. Today I reached the limit of my tolerance of this overdraft fee theft when I was charged $164 in overdraft fees while my account only went minus by $11.84. They also processed the largest transaction first to insure that they whipped their slave the maximum possible amount. We are not slaves, we have the freedom to change to a bank that allows you set up your debit card to decline transactions that exceed the available balance (even if a card decline is slightly embarrassing ), thereby eliminating overdraft fees. I just learned that two US banks that allow this option are Wachovia, and Woodforest National Bank. If everyone closed out their accounts at banks that charge excessive and oppressive fees (such as Bank of America and RBC), and moved to more friendly banks that at least allow you an option, then this abusive banking practice would stop quickly. We can’t wait for the politicians (who don’t care about the plight of the low income, or the unemployed) to pass laws to protect us from this bank rape, we have to take action ourselves. I have just closed out my account with RBC bank and I also closed out an account at Bank of America because of their predatory overdraft fee practices. Today I reached the limit of my tolerance of this overdraft fee theft when I was charged $164 in overdraft fees while my account only went minus by $11.84. They also processed the largest transaction first to insure that they whipped their slave the maximum possible amount. We are not slaves, we have the freedom to change to a bank that allows you set up your debit card to decline transactions that exceed the available balance (even if a card decline is slightly embarrassing ), thereby eliminating overdraft fees. I just learned that two US banks that allow this option are Wachovia, and Woodforest National Bank. If everyone closed out their accounts at banks that charge excessive and oppressive fees (such as Bank of America and RBC), and moved to more friendly banks that at least allow you an option, then this abusive banking practice would stop quickly. We can’t wait for the politicians (who don’t care about the plight of the low income, or the unemployed) to pass laws to protect us from this bank rape, we have to take action ourselves. ]]> By: personal budgeting http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-39087 personal budgeting Thu, 08 Oct 2009 15:35:25 +0000 http://www.mint.com/blog/?p=6501#comment-39087 If you have signed with a debt management company and you continue to receive mailings or calls from your creditors then reply to them asking why they are not contacting your debt management company directly; if there is no agreement in place your creditor will continue to contact you! Stop paying your debt management company if this happens. If you have signed with a debt management company and you continue to receive mailings or calls from your creditors then reply to them asking why they are not contacting your debt management company directly; if there is no agreement in place your creditor will continue to contact you! Stop paying your debt management company if this happens. ]]> By: DJF http://www.mint.com/blog/saving/bank-fees-still-on-the-rise/comment-page-1/#comment-38928 DJF Wed, 07 Oct 2009 20:15:49 +0000 http://www.mint.com/blog/?p=6501#comment-38928 The next time you go into a bank hold your hands up because your the one getting robbed! The next time you go into a bank hold your hands up because your the one getting robbed! ]]>