Postal banking: A realistic and trustworthy alternative to big banks

[truedelphi]

53. They do not care about small savings accounts.

But the Big Banks love small time checking accounts. They net something like 48 billion bucks a year from issuing insufficient fund penalties to small time checking account holders.

When this household was struggling, we incurred some $ 1,500 in a year when we had
only $ 17,000 in income and medical bills to boot.

Wells Frgo even went and designed this "Savers' Helper" program where the small time checking account holder is encouraged to "do something" about savings. So each month, Wells Fargo will automatically put aside some $ 25 into a savings account.

If that bounces out the checks you just wrote, oh well. You should have paid attention.

Banks are also arresting people for the crime of forgery, even if no forgery happened!
If your signature looks some what like that of the person who wrote the check, that can be the end of your freedom.

I barely escaped having that happen to me, but one local man who did have it happen ended up in jail for three days. When he got out, the charges were dismissed but by then he had lost his job. But banks like Wells Fargo are investors in the prison industry so they probably consider that three days he spent in jail as money in their pocket!