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BACKWARD BANKING SYSTEM

Discussion in 'Random Ramblings' started by thechickenkeeper, Dec 15, 2008.

  1. thechickenkeeper

    thechickenkeeper Out Of The Brooder

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    Nov 9, 2008
    Auckland, New Zealand
    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 don’t 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 it’s 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 don’t 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 can’t 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 it’s these little amounts that no ones too bothered about to complain to the bank, however if New Zealand alone with it’s 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 world’s 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, don’t 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, it’s about time we righted this injustice, and the banks start paying us again for BORROWING OUR MONEY!!!!!!!!!!!
     
  2. HennysMom

    HennysMom Keeper of the Tiara

    my bank is free.. I pay no monthly service fee's or ATM fee's, nor do I pay for transferring money from one account to another, or for writing checks.

    [​IMG]

    Maybe you should find another bank...
     
  3. Lunachick

    Lunachick Chicken Slave

    Mar 19, 2007
    Brick, NJ
    Nothing like a small town bank I say. No fees, earn interest on ours. I would shop around. Stay away from those big gobblers out there.
     
  4. NoelTate

    NoelTate Chillin' With My Peeps

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    Apr 8, 2008
    Mobile, AL
    I agree with you completely. You want to use my money to invest and make money, yet you want me to pay you to allow you to do it?
    That's why I use a credit union. Love Mobile Educators [​IMG]
     
  5. seismic wonder2

    seismic wonder2 I got mad ninja skills

    Feb 3, 2007
    san diego ca
    Banks will charge you for not having any money!!!!!!

    I told the the chicky at the counter, "You can see my accounts, you can see I don't have any money, what makes you think I want to pay for not having any money???? How dumb is that? especially since I can close my account FOR FREE!!!!!"
     
  6. since I am a senior citizen, my banking is free, but my DD was paying fees for seemed like every thing. So she closed it out and went to ascent credit union.If you even just make a deposit you have to have ID and know a password, she loves it and it is FREE checking, with no minimum amount in account. I would check around for a new place to bank marrie
     
  7. Think you have problems with a bank. Try to maintain an account with Bank of America. They will literally STEAL your money from you with their ludicrous procedures and positions. They are also about the most hard nosed, arrogant and misinformed group of people I have EVER dealt with. I am sure that there are SEVERAL people on this site that can tell you horrid stories about this one.

    May you NEVER have an account with BOA.
     
  8. BFeathered

    BFeathered Chillin' With My Peeps

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    Aug 29, 2008
    North Texas
    Indeed it is bass-ackwards with institutions like BA. That's why we use hubby's credit union for regular stuff and schwab for investments (what's left of them!). My FIL worked for American Express for years. I can assure you he is turning in his urn at what's happened over the last 5 yr or so.
     

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