My gripe with bank fees!
May 24, 2007 3:10pm CST
I just read this amazing article on AOL about the sneaky ways that banks make money from their customers. Like some banks can choose in which order checks clear your bank. For example letting the big checks go through first, i.e. mortgage payments, etc. And, holding back the tiny two and three dollar amount checks till last. Now this seems like a wise strategy, especially for anyone that doesn't want to miss a mortgage payment. But, when they pull all these smaller checks through it usually ends up making the account bounce. It's a sneaky way of collecting and extra $20 to $40 for each check. Imagine. Paying $4.00 for a latte by check, and an overdraft fee and it ends up costing you $24! This is rediculous. Does your bank use similar sneaky measures just to generate extra income. What is your biggest gripe with your bank. And, would it influence you to change banks?