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truedelphi

(32,324 posts)

59. Yep you are nailing it.

Sat Mar 10, 2012, 12:22 AM

Mar 2012

And banks don't need to be charging $ 33 to $ 36 a pop for NSF fees either. Banks in Oregon in the early nineties were able to live with a law stating that they could only charge three dollars per NSF item. Banks weren't going under on account of the law w at all.

The NSF fees hit the poorest in our society the hardest. Most middle income people only bounce one or two checks a year. While poor people account for the crowd that bounces the most checks, allowing banks to reap over 38 billions of dollars a year.

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Wells Fargo to charge $7 fee on more checking accounts [View all] villager Mar 2012 OP

Back in 2008, these bastards should have been left for dead. Dawson Leery Mar 2012 #1

Actually, they were one of the only banks that were financially sound. nt Snake Alchemist Mar 2012 #10

They were in better shape than most others but I don't think we know the truth about how sound any harun Mar 2012 #15

True, but they actively tried to not take TARP funds. Snake Alchemist Mar 2012 #16

As long as the Big Financiers own the politicians, they won't be truedelphi Mar 2012 #64

Meanwhile, postal money orders will be more difficult to obtain no_hypocrisy Mar 2012 #2

I wonder why it's just those states n/t arcane1 Mar 2012 #3

pilot program FBaggins Mar 2012 #4

"Wells Fargo, Wanting To Rid Themselves Of More Pesky Bank Customers" Dont call me Shirley Mar 2012 #5

It'll be a cold day in hell when I give those criminals one red cent lastlib Mar 2012 #6

nobody will use banks that charge fees Rosa Luxemburg Mar 2012 #47

I do love my credit union. n/t SomeGuyInEagan Mar 2012 #7

+1 sarcasmo Mar 2012 #20

+1! So glad I got rid of WF!! n/t RufusTFirefly Mar 2012 #29

I see Wells Fargo loosing some accounts. Justice wanted Mar 2012 #8

I bank at Wells Fargo and am ready to switch INdemo Mar 2012 #27

So they are supposed to give away services? dbackjon Mar 2012 #9

you mean, like we give away tax dollars to them? Or in addition to our money being used villager Mar 2012 #12

Actually, WF tried to not take the money Snake Alchemist Mar 2012 #14

But in the end they got the money, didn't they? truedelphi Mar 2012 #36

THey never took anything. Snake Alchemist Mar 2012 #42

Get your fucking facts out of here joeglow3 Mar 2012 #45

Some resources for your education: truedelphi Mar 2012 #58

first troubling sign is the author does not Snake Alchemist Mar 2012 #60

Looking forward to seeing you rival Motley Fool as a source truedelphi Mar 2012 #63

Banks are banking off our money all the time Cal Carpenter Mar 2012 #17

LOLOL Skittles Mar 2012 #18

they're not giving away anything SemperEadem Mar 2012 #24

You do understand how banks are supposed to work, right? nt sudopod Mar 2012 #30

Please--you don't think they keep some of the interest they make on that money? MADem Mar 2012 #38

A $100 balance earns them $4 a year joeglow3 Mar 2012 #46

You take a few thousand accounts, and those numbers change. MADem Mar 2012 #50

Clearly, I support credit unions, but you are talking apples and oranges joeglow3 Mar 2012 #52

Who mails statements anymore? Most people bank online. MADem Mar 2012 #53

And that is why they cut the fee if you take online statements joeglow3 Mar 2012 #54

I didn't see those guys doing that--just taking two bucks off. nt MADem Mar 2012 #55

Do credit unions charge? Delphinus Mar 2012 #40

My credit union PAYS. MADem Mar 2012 #51

Actually, since the money in checking (and savings) accounts is loaned out, SharonAnn Mar 2012 #44

Yep you are nailing it. truedelphi Mar 2012 #59

to get depositors, yes TheFarseer Mar 2012 #61

The Big Banks' "sell by" date has passed........ marmar Mar 2012 #11

There are two ways of looking at this tularetom Mar 2012 #13

Credit Unions must love it when mega banks play the raise the fee game. sarcasmo Mar 2012 #19

Why anyone uses WF or BoA is beyond me trekbiker Mar 2012 #21

I have been with Bank of America RebelOne Mar 2012 #23

good for you SemperEadem Mar 2012 #25

Well, I guess I am one of the lucky ones. RebelOne Mar 2012 #26

I wouldn't put too much store in luck SemperEadem Mar 2012 #41

Well, as long as I keep plenty of money in my account, RebelOne Mar 2012 #65

This is a great article by Matt Tabbi on Bank of America. You might consider crunch60 Mar 2012 #33

This is the least note worthy and least nefarious of the practices that WF uses truedelphi Mar 2012 #22

Just curious. Do you know if the $75.00 that was put into virgogal Mar 2012 #28

I couldn't tell you that. truedelphi Mar 2012 #35

And a lot of banks will play with timing things like that in order to create those NSF fees Posteritatis Mar 2012 #39

So you profiled her and made a decision? nt Snake Alchemist Mar 2012 #43

Oh, for Pete's sake. truedelphi Mar 2012 #57

I've had this fee for 6 months now (connecticut) krispos42 Mar 2012 #31

Spam deleted by uppityperson (MIR Team) asfghjkyu Mar 2012 #32

harder and harder to find one that doesn't graham4anything Mar 2012 #34

not surprising since they don't want your deposit TheFarseer Mar 2012 #62

Talk about fucking over those who can least afford it. Bastards! MADem Mar 2012 #37

I love credit unions better Rosa Luxemburg Mar 2012 #48

Too Bad RobinA Mar 2012 #49

Jeez, I remember local banks, too. villager Mar 2012 #56

it's a tax on poor people since only the unemployed pay the fee pitohui Mar 2012 #66