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    Another bank question

    I set up auto payments from my new tenants and got the first payment today. But I was charged a $13 deposit fee. It's to late to call the bank to ask...is my bank charging me or theirs? That's close to $170 a year!

    Never mind, it was mine. What a rip off. I'm going to have it sent to me. I'll get the hang of this one of these days.
    Last edited by Hulamoon; June 30, 2016, 08:54 PM.
    🌺 Lorie

    #2
    Re: Another bank question

    Banks are finding more and more ways to charge us.

    My online rent payment now cost me 1.75. Not my bank, the complex's bank. Crazy. They would prefer I drop off a check whick they have to handle qnd get it deposited which would then cost me nothing additional. Which I just may start doing.
    Karen
    Life is short - Live everyday to the fullest

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      #3
      Re: Another bank question

      Banks are always looking for ways to charge its customers. Just got a notice from my bank that they may close my checking account at any time. What? How can i write checks when there is a chance my account will be closed? Will stop by today to find out what this means?

      Comment


        #4
        Re: Another bank question

        Yep, I've had banks that charged for using a teller.

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          #5
          Re: Another bank question

          Time to rise up! Everytime I've had a bank add a new fee, I march right in and take out my money. One time, I went in and I had $10K and wasn't sure what to do with it. Talked to the banker and he suggested I just park it in a money market acct until I decided. This was 20 yrs ago. The beginning. We had banked there for 30 yrs. So, I go to open the money market acct and they said the old one was still there even though it was empty and I could just reactivate it. So we did. That was a Thursday. On Saturday, I got a notice that they were charging $10 because I had an open acct with no minimum in it. On Monday I went to the bank and inquired. They said it was because the acct was activated and the deposit didn't get posted until Friday. They were sorry. I said, not too sorry...Just write me a check for $9990 and i'll be on my way. Oh they didn't want me to take the money away and they said they would make it right. Too late...I told them that if they couldn't post a deposit at the time of opening an acct then I would find some one more competent. I cashed out all my IRA's and Sep accts and my checking acct and I went to a different bank. That lasted about 10 yrs and I did it all over again when they wanted to charge me for depositing coins. Anyway...we must let them know that $10 is important and if they take it from us, we take our business.
          There was a restaurant in our town that was charging $1 for go boxes. They didn't last long either. Sometimes there are just costs to doing business.
          Walk in peace with the Lord by your side.
          Terry

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            #6
            Re: Another bank question

            I'm still in the process of switching my bank to a credit union. I'm on a fixed income and get two checks that I have direct deposited, social security being one. One got switched over last month and the other should be switched over early July. (Keeping my fingers crossed on that). I got tired of my old bank switching their fees on my senior account. First it was if you direct deposit they didn't charge a maintenance fee....of course that has since changed. I don't pay a maintenance fee at the credit union, nor do I pay for my checks. The old bank also allowed a one time payee access to my account a second time and then I had to fight with them about bank fees with that and of course nothing is ever their fault. Of course while they get their money immediately I then have to wait a week before it is recredited to my account. At the end of the month I'm lucky if I have enough to buy a tissue so that is major major for me. I noticed two months ago that suddenly not only am I having a maintenance fee taken out of my checking account but also now my meager savings account. Just watch...when I do go in next week to totally end my accounts there they will probably charge me a "closing fee" or something LOL I am SO sick of banks. It's apparently no longer our money.
            https://forum.missouriquiltco.com/co.../icon_wave.gif
            Women are Angels. When someone break's our wings we will continue to fly-usually on a broomstick.We're flexible like that.

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              #7
              Re: Another bank question

              Last year (maybe more) my bank decided to charge. $3.00 fee for sending me a photo copied page of the checks I wrote. This page was sent in the same envelope as my bank statement. When I protested this fee I was told I could just download that one page for my own records. I hung up, cursed a bit (quite a bit. I was angry) then switched my statements to online. Now I download everything at my leisure. I figure if they want $3 for one page, what will they charge if they ever decide to put a fee in place for mailing an entire statement.

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                #8
                Re: Another bank question

                I just noticed that $3 too. I called them to go paperless today. And called my tenant to have it sent to me. $13 is crazy.
                🌺 Lorie

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                  #9
                  Re: Another bank question

                  Originally posted by MayinJerset View Post
                  Banks are always looking for ways to charge its customers. Just got a notice from my bank that they may close my checking account at any time. What? How can i write checks when there is a chance my account will be closed? Will stop by today to find out what this means?
                  If the note was email, its very likely someone trying to scam you.

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                    #10
                    Re: Another bank question

                    I switched to a credit union too. The bank began charging me fees and there are some months I don't make enough money to cover the fees.
                    When I went in to close out the account, they were all "Oh, there are ways to avoid the fees." Yeah, maybe you should have just left well enough alone.
                    Now my "fee" is a savings account with a $25 minimum balance. I have free checks, and can talk to a teller or manager anytime with out a fee.
                    Be who you are and say what you feel
                    because those who mind don't matter,
                    and those who matter don't mind. - Dr. Seuss

                    http://www.toggpine.wordpress.com

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                      #11
                      Re: Another bank question

                      Grrr! My bank just charged me $10 for closing a savings account when what I actually did was combine two savings accounts into one. About ten years ago I had a credit card that was used to cover overdrafts on my checking. The bank card company was sold to another bank card company which converted my MC into a VISA. The new VISA did not have overdraft protection as an option. The local bank that I have used for 20+ years said the type of savings account I then had could not be used for OD protection so I had to open a second savings account just for that. So when I finally asked about converting them into one account that was savings and OD protection, the bank manager was surprised, said he had never heard of this being an issue and of course I could just go with one savings account instead. Well stupid me! I didn't even think to ask if I would be charged a fee for it!!!

                      Comment


                        #12
                        Re: Another bank question

                        Originally posted by shirleyknot View Post
                        If the note was email, its very likely someone trying to scam you.
                        No, the notice about closing accounts was printed on my latest checking account statement. Stopped at the bank yesterday afternoon and teller and bank officer said they never heard anything about this and to ignore it.

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                          #13
                          Re: Another bank question

                          Originally posted by toggpine View Post
                          I switched to a credit union too. The bank began charging me fees and there are some months I don't make enough money to cover the fees.
                          When I went in to close out the account, they were all "Oh, there are ways to avoid the fees." Yeah, maybe you should have just left well enough alone.
                          Now my "fee" is a savings account with a $25 minimum balance. I have free checks, and can talk to a teller or manager anytime with out a fee.
                          Oh yeah, I love that one too "Oh, there are ways to avoid the fees." Then two months later they change it. They've been doing that for a few years now and I'm sick of that too LOL
                          https://forum.missouriquiltco.com/co.../icon_wave.gif
                          Women are Angels. When someone break's our wings we will continue to fly-usually on a broomstick.We're flexible like that.

                          Comment


                            #14
                            Re: Another bank question

                            Originally posted by jjkaiser View Post
                            Grrr! My bank just charged me $10 for closing a savings account when what I actually did was combine two savings accounts into one. About ten years ago I had a credit card that was used to cover overdrafts on my checking. The bank card company was sold to another bank card company which converted my MC into a VISA. The new VISA did not have overdraft protection as an option. The local bank that I have used for 20+ years said the type of savings account I then had could not be used for OD protection so I had to open a second savings account just for that. So when I finally asked about converting them into one account that was savings and OD protection, the bank manager was surprised, said he had never heard of this being an issue and of course I could just go with one savings account instead. Well stupid me! I didn't even think to ask if I would be charged a fee for it!!!
                            You're kidding me???!!! They actually DID change you $10 to close an account??? I thought I was just being funny! So what do they do if you just write a check to bring your account to $1 and then tear up your cards/checks and never use them again and ride off into the sunset?
                            https://forum.missouriquiltco.com/co.../icon_wave.gif
                            Women are Angels. When someone break's our wings we will continue to fly-usually on a broomstick.We're flexible like that.

                            Comment


                              #15
                              Re: Another bank question

                              That is why we switched to a credit union, I get free checks and lots of other niceties and have never been charged any fees for weird stuff such as closing accounts, the only minimum is 5.00 in each account that's it. My friend is constantly arguing with her bank and I keep asking her why she stays she has options.
                              Use it up, wear it out, make it do or do without.

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