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Tue Dec 1, 2020, 01:27 PM

Why banking institutions piss me off [View all]

I have a savings account with a certain bank. I'm not rich, but it's a rather good sum for someone like me that worked for the man all my life. I don't pay much attention to it, and try not to draw from it.

Well, some things came up and I had to dip into my savings. Since I don't pay a lot of attention to this account, I didn't notice that the bank started deducting money from the account every month. Apparently I had dropped below a certain magical dollar amount in my account and triggered a rather large "service charge". They got me for 3 months of "service charges" before one of the tellers that knows me pointed it out to me. If she hadn't told me they would have systematically taken money out every month, witling away my money. What exactly were they doing to earn this "service charge"? The only thing I can figure, it was to pay themselves for the trouble of deducting money from my account and keeping track of how much they were taking from me each month. That takes a lot of work, I'm sure.

Then came the most baffling part.

The teller said she would switch me to an account that didn't charge a service fee.

You mean "it's as simple as that?" I questioned.

"Yes" she said as she clicked her computer mouse to change me to a non- service charging account.



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