Why banking institutions piss me off

[Ohioboy]

I have a savings account with a certain bank. I'm not rich, but it's a rather good sum for someone like me that worked for the man all my life. I don't pay much attention to it, and try not to draw from it.

Well, some things came up and I had to dip into my savings. Since I don't pay a lot of attention to this account, I didn't notice that the bank started deducting money from the account every month. Apparently I had dropped below a certain magical dollar amount in my account and triggered a rather large "service charge". They got me for 3 months of "service charges" before one of the tellers that knows me pointed it out to me. If she hadn't told me they would have systematically taken money out every month, witling away my money. What exactly were they doing to earn this "service charge"? The only thing I can figure, it was to pay themselves for the trouble of deducting money from my account and keeping track of how much they were taking from me each month. That takes a lot of work, I'm sure.

Then came the most baffling part.

The teller said she would switch me to an account that didn't charge a service fee.

You mean "it's as simple as that?" I questioned.

"Yes" she said as she clicked her computer mouse to change me to a non- service charging account.

[gay texan]

1. This is why I stick with credit unions. N/t

[GeorgeGist]

8. Me also

[Midnightwalk]

9. +∞

[Akacia]

2. Glad you made that discovery before they took more of your money.

This is one of the reasons that I stopped banking with one of the larger banks in my area and opened up an account in my local credit union. They are so much easier to deal with than the big corporate banks and don`t charge me crazy service charges.

[Freddie]

3. I have online banking and check my accounts every single day

Only takes a minute and worth it for the peace of mind.

[Wounded Bear]

4. Switched to a Credit Union years ago. Never looked back...nt

[Squinch]

5. I would switch to the no fee account for the short term, but switch to another institution for the

long term.

If they did that and didn't even tell you it was happening, I'd leave them.

I have a credit union. Love it.

[Wellstone ruled]

6. My Spouse and I

busted Wells Fargo in South West Minnesota doing the same bullshit in 2015 with her Sisters Savings Account. After meeting with the Bank Manager for more than a hour,our threat to go public with a story in the Local Newspaper with copies of Statements as well as that bogus letter about in activity fees,well,all funds were replaced and a letter of apology to her Sisters Widow Hubby.

BTW,those funds were moved to a small Independent ten miles away within two weeks.

[MissB]

7. Credit unions

As everyone else has pointed out.

[MiniMe]

10. A lot of times if you talk to the manager, they will reverse the fees and work with you to fix probl

[PoindexterOglethorpe]

11. Not all banks.

I have my accounts with a local bank, no fees on my two savings and one checking account.

My only trivial issue when I switched to them from one of the large nation-wide ones, was that I didn't have access to nationwide money withdrawal without paying a fee. A few years ago they joined one of the large networks of ATM servicers, so I can take out cash anywhere, which is nice. Not that I'm travelling anywhere these days, but when I was, and when I will again in the future, it's good.