BACKWARD BANKING SYSTEM by thechcikenkeeper on Tue Dec 16, 2008 12:29 pm Hello again, well something that has plagued me during my adult years and probably most of you, is bank charges!!, at the end of the day, I like you, have pay hundreds if not thousands to various banks around the world, for the loan of my income. How did that ever come to be? Years ago, now I talking before any of us were born, banks were more like safety deposit boxes, and you were paid interest on the money you kept there, as the bank would use the money for local loans and then charge people who BORROWED money a higher rate of interest, than they paid you back, that was it, nice and simple, everyone knew where they stood. Well slowly but surely, salespeople added more services to the banking system, things we dont really need, but ofcourse a small charge was put in place, watch your little expenses, as small holes sink ships . Account management fees?, etc,, excuse me, but I think I manage my account, basically its all a big con trick, the way the banks make their money is by investments still, but mainly overseas these days, they regularly announce billion dollar profits, and yet we still say nothing, about the money they take from our accounts every month. Enough is enough, the banks of the world have had too much of our hard earned cash over the years, and for nothing, because they dont really provide anything to us, even more so these days, as really all they are supposed to do is keep your money safe from robbers and highwaymen, but they cant seem to manage that these days. With banks falling like flies, your money is probably safer in the mattress, so why do we keep paying these people money for nothing, if somebody came to your door each month asking for $3.50, for nothing in return, . well I can imagine most of your responses, probably some swearing invloved. But its these little amounts that no ones too bothered about to complain to the bank, however if New Zealand alone with its population of 4 million were to stop paying any bank charges, I guesstimate there would be over 200 million dollars to go back into the pockets of the public, which inturn would go back into the tils of retail shops and businesses. Can the governments not see this as a solution to some of the worlds financial problems, or do they just blindly want to keep taxing the public to poverty. So I urge you all to use the banks as little as possible, tell them about your unhappiness with the fee structure if you are, dont just except it when they charge a random amount for some random service, call them up and challenge the fee, usually they refund it , through quilt, its about time we righted this injustice, and the banks start paying us again for BORROWING OUR MONEY!!!!!!!!!!!