I hate the new annoucements in the mail from banks and credit cards, don't you?

@writersedge (22577)
United States
August 27, 2009 7:27am CST
It's usually higer fees and rates. The latest one I received is NO INTEREST ON SAVINGS ACCOUNTS WITH LESS THAN $100. How about you, are the notices getting to you and what was your latest notice?
1 person likes this
6 responses
@suspenseful (40312)
• Canada
27 Aug 09
Oh that makes me mad. The worse one is the one from Capital One Gold Card, and they think it is so wonderful that you will have to pay an annual fee because you are trying to establish credit. Well if I were establishing credit, I would just want a credit limit for $500 and for it to go up once my credit was established, and I certainly would not want to pay any fees. We did not get the no interest in savings account, but I think that is unfair. What do they want the poor people to do? Put their money in a mattress and get a pit bull to tear apart anyone who tries to rob them? My apologies to the "Dog Whisperer."
@writersedge (22577)
• United States
28 Aug 09
Yes, all those things are upsetting. Yeah, they act like they're doing you a favor when they rip you off. Many people can't keep 100 dollars or more in an account. So less than that, they're better off not to bother with an account I guess.
1 person likes this
@suspenseful (40312)
• Canada
19 Sep 09
I would say why not say right off that it is a secured savings account and why assume that once you reach retirement, that you are going to go on a spending spree and spend all your money? I can understand giving those cards to people starting out like just out of high school and at their first jobs, but to someone to a retiree who has already gotten a decent pension is not that nice. And thanks for the best response.
1 person likes this
@writersedge (22577)
• United States
19 Sep 09
You're welcome. My friend just went ape after opening his bank statement. Now, every transaction will be $2.00 surcharge including automatic deposits. He's on Social Security, had a pension, and another income. So three deposits, $6 right there, then each bill he pays $2 for electric, stove gas, etc. Easily count up to $20 or $30 dollars during an average month. His kids live 7 hours away and he can't travel any more. So he sends them a check during Christmas season, so $2 for each kid and grandkid, etc. So he said, "No, no, no, this can not stand, it just can not stand. I will be calling them and telling them that I will go somewhere else, that's insane to do to an elderly person, Christmas could cost me $50 and since I'm home bound, all the checks I make for things that I send for, they're going to deplete my account in just surcharges." It just keeps getting worse and worse, doesn't it? It's one thing to say that about ATM charges, but everything? Nuts, just crazy.
1 person likes this
• United States
28 Aug 09
Hi, Edge! The latest and worst said there would be a service fee of $5 per month for savings accounts with less than a %500 balance. My account's sure to be gone in no time!
1 person likes this
@writersedge (22577)
• United States
29 Aug 09
That's terrible! Can you shop around for another bank or are they all doing that in your area?
• United States
29 Aug 09
I did some shopping around, and it's a relatively low fee! I guess I need to spend more time looking for income streams! Or just do my saving in a jar!
@writersedge (22577)
• United States
30 Aug 09
Here, there are no fee ones, esp. for people over a certain age. Could be 50, 55, 60, 65, depends on the bank. Some if you have automatic deposit from a job, no fee accounts. Sounds like it might be your area.
@peavey (16991)
• United States
28 Aug 09
It irritates me, too. Chase has raised the interest rates on both of my cards and I have never been in default. I usually pay them off the first of each month. I don't know if they really need the extra money or if they're just milking us for whatever they can get.
1 person likes this
@writersedge (22577)
• United States
28 Aug 09
I read an article this past week at my Eye Drs' Office that said if you've never been late and they raise your fees, tell them you'll go elsewhere and they will usually lower the interest rate and if they don't, then go elsewhere because there is no reason to tolerate raises if you've not been late.
• United States
8 Sep 09
The last notice from my bank said they are now charging higher fees so can continue to provide service to the costumers since the economy is so bad Banks made getting the mail a bad experience.
@writersedge (22577)
• United States
9 Sep 09
Yeah, check out how much profit your bank is making and what the shareholders make. That really drives me nuts.
• China
28 Aug 09
Hi,Dear writersedge, It has been quite a long time that I haven't login my mylot account ,simpily because molly is so busy with her works ,I do hope that my dear friend everything goes well . I will have a big exam in my life after a few months ,so molly just working for that and preapared for the graduation from my four years of study in my college .... As for this discussion actually I haven't ever experienced that kind of thing as in my place we do not have the bank account connected to the email ...hehe Molly
@writersedge (22577)
• United States
28 Aug 09
Good luck on your big exam Molly. Doesn't have to be email, can be regular mail that they keep increasing rates or changing things. Be careful, banks are getting rough out there. Take care, Molly.
@carolbee (16231)
• United States
27 Aug 09
Even though I pay all the bills and take care of the banking, I give my husband all the inserts from the bank. I don't bother to read them since the print is so tiny it's hard for me to see. We get a discount for being over 55 on our checking account but have to buy checks. So actually nothing is what I would call free. We get some kind of insert each month when the bank statement is sent to the house.
@writersedge (22577)
• United States
28 Aug 09
Be careful, those inserts are usually increases in something. Yes, I hate how small everything is now. You should be able to ask for larger print should you ever need to. Thanks for responding and take care.