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Banks, Credit Unions, and Fees: Oh my!

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  • FlagDUDE08
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by jmh View Post
    Thinking about it. Depends whether I can find a viable alternative.
    If you're in NYS still, M&T has been advertising free checking. I'm not sure what First Niagara will do after the HSBC merge.

    Leave a comment:


  • FlagDUDE08
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by unofan View Post
    If I were still there, I would. But they tried to fark me over long ago, so I switched awhile ago. I've got no loyalty to any bank outside of inertia and the pain it is to switch. It really doesn't take much to overcome that inertia, though.

    If Wells Fargo ever does the same thing, I know my wife would switch. It doesn't really impact me since I never use my debit card anywhere other than ATMs. But if it weren't for the convenience of having my checking, joint savings, mortgage, and now investment accounts (formerlly wachovia) all in one place, I'd switch to a credit union or locally owned bank in a heartbeat.
    Wells Fargo, from one of the similar articles I read, is piloting these fees. Whether or not they'll actually follow through, I don't know.

    Leave a comment:


  • Guest's Avatar
    Guest replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    How much will the "Thanks for bailing us out" fee be?

    Leave a comment:


  • 5mn_Major
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Have Wells and I live off my debit card. It rocks. I have instant records of everything.

    Originally posted by unofan View Post
    If I were still there, I would. But they tried to fark me over long ago, so I switched awhile ago. I've got no loyalty to any bank outside of inertia and the pain it is to switch. It really doesn't take much to overcome that inertia, though.

    If Wells Fargo ever does the same thing, I know my wife would switch. It doesn't really impact me since I never use my debit card anywhere other than ATMs. But if it weren't for the convenience of having my checking, joint savings, mortgage, and now investment accounts (formerlly wachovia) all in one place, I'd switch to a credit union or locally owned bank in a heartbeat.
    San Francisco-based Wells Fargo said it will charge a $3 fee for some debit-card customers in Nevada, Washington, Oregon, New Mexico and Georgia, starting Oct. 14. Wells Fargo's fee also applies to debit-card use, not ATM transactions.

    The fee won't apply to customers in certain premium accounts.A Wells Fargo spokeswoman said that the fee is part of a pilot program, and that the bank has not determined whether it will roll it out to all customers. Wells Fargo has said it expects to lose $250 million each quarter from the new caps on swipe fees.


    I have a premium account tho.

    Leave a comment:


  • goldy_331
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by unofan View Post
    If Wells Fargo ever does the same thing, I know my wife would switch. It doesn't really impact me since I never use my debit card anywhere other than ATMs. But if it weren't for the convenience of having my checking, joint savings, mortgage, and now investment accounts (formerlly wachovia) all in one place, I'd switch to a credit union or locally owned bank in a heartbeat.
    We have all of those with our credit union now.

    Leave a comment:


  • jmh
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by FlagDUDE08 View Post
    Personally, I don't use Bank of America, but was wondering: Is anyone actually planning to leave this bank simply because of this new fee?
    Thinking about it. Depends whether I can find a viable alternative.

    Leave a comment:


  • FadeToBlack&Gold
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    If Fifth-Third does this, I'll just start planning a weekly trip to the bank for cash, and have my credit card for emergencies.

    Leave a comment:


  • RaceBoarder
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    I'd switch in a hearbeat.... I rarely carry cash on me, so my card is probably used for 80% of purchases...

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  • unofan
    replied
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by FlagDUDE08 View Post
    So, as many have probably heard, Bank of America will start charging $5 per month to use a debit card somewhere other than an ATM.

    http://www.bizjournals.com/southflor...hly-debit.html

    Personally, I don't use Bank of America, but was wondering: Is anyone actually planning to leave this bank simply because of this new fee?
    If I were still there, I would. But they tried to fark me over long ago, so I switched awhile ago. I've got no loyalty to any bank outside of inertia and the pain it is to switch. It really doesn't take much to overcome that inertia, though.

    If Wells Fargo ever does the same thing, I know my wife would switch. It doesn't really impact me since I never use my debit card anywhere other than ATMs. But if it weren't for the convenience of having my checking, joint savings, mortgage, and now investment accounts (formerlly wachovia) all in one place, I'd switch to a credit union or locally owned bank in a heartbeat.

    Leave a comment:


  • FlagDUDE08
    started a topic Banks, Credit Unions, and Fees: Oh my!

    Banks, Credit Unions, and Fees: Oh my!

    So, as many have probably heard, Bank of America will start charging $5 per month to use a debit card somewhere other than an ATM.

    http://www.bizjournals.com/southflor...hly-debit.html

    Personally, I don't use Bank of America, but was wondering: Is anyone actually planning to leave this bank simply because of this new fee?
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