Another post against predatory bank fees

they charge too much
by Super N. Posted Wed December 30, 2009 @ 3:13 PM


donno: the banks know there will be errors. the banks eagerly accept
applicants who are prone to screw up -- in fact, they court them with
glossy ads and "second chance" accounts" and so forth. then they
charge WAY WAY too much for the expense incurred on their end, which
is pennies per overdraft.

the purpose is not to make you run a financially tight ship. they
would PREFER that you screw up. the KNOW that the more landmines they
set up, the more people will step on them, and the fatter the bonuses
will be.

it is a scam.

of course it is true that it is a great idea to not buy anything
without a balance in your account.

the point is that the banks are predatory. this is an entirely
different issue than maintaining a positive balance in your account.
the banks are not acting in anything approaching good faith. they are
like a casino that knows the customers, collectively, will get chewed
up and spit out, though some might escape. Yet, they continue to run
seductive glossy advertising to bring you inot their minefield.

their game is "gotcha."

your view is too simplistic. you say simply that you ought to keep
enough money in your account. But there' more to it than that. the
banks are like a violent neighborhood where you will get ripped off
royally when you are weak or make a mistake.
this isn't a matter of just keeping a strong balance in your account.
this is also about the fact the banks are bloodsuckers lurking in
shadows who LIKE IT when you fail. Two separate issues here.

you compare a bank to a gun. it is a good comparison up to a point,
because the bank can hurt you badly if you make a mistake, just as a
gun can. the difference is a gun doesn't know any better. banks, on
the other hand, PLAN to hurt their customers. it is built into their
business plan, just as it built into a casino's business plan.

Again, yes, you should keep a positive balance in your checkbook. At
the same time, banks should be called on the carpet for purposely
setting up minefields to make money on mistakes and financial
ineptitude. They WANT you to fail. They are doing nothing productive;
they are simply sucking money without producing any goods or services.
That is evil. They are a problem.
.