Alternatives to Banks Charging High Debit Card and Monthly Fees

  • Posted by a hidden member.
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    Oct 12, 2011 9:49 PM GMT
    via Lifehacker:

    http://lifehacker.com/5848988/great-unusual-alternatives-to-banks-charging-high-debit-card-and-monthly-fees?tag=personal-finance

    :-)
  • Webster666

    Posts: 9217

    Oct 12, 2011 10:29 PM GMT
    Yeh, there's no good reason to let the common banks use your money and let them CHARGE you fees for anything.

    I used to be with a credit union.
    Now, for quite a few years, I've had a checking account and debit card with Charles Schwab (you don't have to invest if you don't want to).
    Both of the above charge no fees.

    What are you waiting for ?
    Abandon those greedy common banks.
  • Posted by a hidden member.
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    Oct 12, 2011 10:31 PM GMT
    Webster666 saidYeh, there's no good reason to let the common banks use your money and let them CHARGE you fees for anything.

    I used to be with a credit union.
    Now, for quite a few years, I've had a checking account and debit card with Charles Schwab (you don't have to invest if you don't want to).
    Both of the above charge no fees.

    What are you waiting for ?
    Abandon those greedy common banks.


    I know I will, I hate Bank of America!
  • Posted by a hidden member.
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    Oct 13, 2011 12:15 AM GMT
    The guy I'm dating has convinced me to join his Credit Union. I will ditch Bank of America as soon as I can. Fee to use my own money! Damn if that isn't just out right robbery.
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    Oct 13, 2011 12:16 AM GMT
    Been with the largest credit union on the planet for 25 yrs.. not going anywhere for the foreseeable future.
  • LJay

    Posts: 11612

    Oct 13, 2011 12:45 AM GMT
    If memory serves well, debit cards and electronic banking were once ahiled as a great way for banks to be more efficient and thus cut their processing costs. so what is all this whining from the banks taht they don't get enough from lowered debit card fees to merchants?

    Dear bank,

    How about all the money you saved by us giving up paper checks and their processing and mailing? These days I have one income check deposited directly, thus electronically, and another I take to the teller-less machine which accepts it and prints me a receipt without you even having to deal with a deposit slip, let alone print one up with your cute logo. Did all those tellers who knew me and smiled at me on payday cost you less or more when they were replaced by machines? Now that you send me my statement online and do not have to mail canceled paper checks, does it cost you more or less? Too, it must be saving you money when you fail to return my phone calls about a problem I have twice used my car and time to come into your office and discuss. After all, the people concerned seem always to be out of the bank when needed, so they can't be costing you payroll.

    Of course, dear bank, since your offers of free checking and the use of the very nice debit card established a relationship that has lasted more than forty years and given you first chance at getting my two home loans, three car loans, two equity loans, retirement CD and brokerage business, perhaps I should just be grateful. Or perhaps not.

    L Jay
    Your customer through three mergers, numerous credit cards and a home mortgage crisis which every major news outlet tells me you definitely helped to create AND which lost me tens of thousands of dollars in retirement equity.