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MadSeasonAbove
Reef Donkey


Registered: 09/29/03
Posts: 3,143
Loc: Florida
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I Despise Banks!
#14006303 - 02/22/11 08:33 AM (13 years, 12 days ago) |
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They are part of the reason why the economy is so fucked.
I just read that free checking accounts will be a thing of the past. They are going to start annual or monthly fees.
Ever since BoA charged me 7 overdraft fees that started with a supposed atm withdrawal(that's the truth!), I lost faith in the banks. I told the bank manager to have fun getting the money through collections, because I'm not paying it.
How do you overdraft on an ATM withdrawal anyways!?!? 
Overdraft fees: seriously? $35 if you make a purchase a penny over.. overdraft protection my ass!
The banks don't want low income accounts. And one way to try to get rid of them is by imposing a fee for accounts that have a balance of less than $1,500. That's right, make money off the lower class, that will help your deficit.. 
Any money I receive stays with me now. I don't need a bank, I'll use a safe and I will protect my money.
loans..try getting a loan from the bank now a days. It's not going to happen.
Banks are a drain on the economy. Well, unless you're filthy rich!
Middle class, what middle class!?
My grandparents and great grandparents survived the Great Depression because they didn't use a bank. They buried their money, and when the shit hit the fan, the banks weren't going to take it. Some economists claim the hoarding didn't help the situation, but this life is about survival of your being/family, and as a result of fear people saved their money themselves.
It seems history is repeating itself
/rant
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CarnivalBarker
wizard


Registered: 04/19/10
Posts: 2,668
Last seen: 11 years, 3 months
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I put all my money into checking, then I always keep an extra $200 in savings. If I go over, it automatically takes the money out of savings. That way I don't have to worry about overdraft.
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biff
Boom



Registered: 06/23/09
Posts: 1,860
Loc: america
Last seen: 6 days, 19 hours
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Quote:
They are part of the reason why the economy is so fucked.
They ARE the reason the economy is fucked. I prefer my off-the-grid lifestyle.
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Kada
Asha'man


Registered: 02/15/05
Posts: 12,394
Loc: Buckeye
Last seen: 3 days, 19 hours
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Re: I Despise Banks! [Re: biff]
#14006324 - 02/22/11 08:41 AM (13 years, 12 days ago) |
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M bank can't charge me overdrafts anymore. I refused to sign the overdraft protection and they take purchases out in real time now and just refuse the transaction if I don't have the money. They don't like it and are telling me that I need to sign up for overdraft protection or they will cancel my account. I told them no and am waiting for them to try to close my account. If they do I will refuse to pay them payments on a 8k loan lol.
-------------------- ~The Cultivators Motherload~ "I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do." -Robert A. Heinlein "There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness."-Dalai Lama Live long and prosper.
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Kid_Orgo



Registered: 09/24/03
Posts: 5,514
Loc: Hale-Bopp
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I don't even know where to start with this post.
-------------------- He was a cowboy in one of the seven days a week fights. No business, no hangout; no friends, nothing; just what you pick up and what you need.
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NoOneImportant
Just a pawn in the game




Registered: 03/07/09
Posts: 424
Loc: Midwest
Last seen: 3 years, 6 months
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Not a fan of banks either but for some stuff they make it easier. Gotta love direct deposit. I don't like the fact that if I withdraw a large amount of cash it can look suspicious. I'd rather not have someone able to see my spending habits or when I take large amounts of money out.
I've got a savings account but much like what happened during the Great Depression, I always felt more at ease with my money at home. I try to keep as much cash in a "savings" account at home, I call it a "blind savings". I always kept my leftover change in jars and other things, because you don't really know how much you have till you go cash it in. I started doing this with bill money too. Have a big jar/jug that I can't see through, and along with my change toss in whatever extra bill money I have that I know I'm not gonna need to spend. Once the jar is filled, I put it in a duct tape freezer bag and never know how much is actually in it. Can't wait till I finally open those bags and count the moneys. Hopefully it's
-------------------- Take when in need. Give when you can.
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Asante
Mage


Registered: 02/06/02
Posts: 87,085
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Buy gold. Buy silver. Fuck banks and the monopoly money they print.
-------------------- Omnicyclion.org higher knowledge starts here
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MadSeasonAbove
Reef Donkey


Registered: 09/29/03
Posts: 3,143
Loc: Florida
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Quote:
Loki570 said:Can't wait till I finally open those bags and count the moneys. Hopefully it's 
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shLong



Registered: 03/04/10
Posts: 25,330
Loc: 'sconsin
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Re: I Despise Banks! [Re: Kid_Orgo]
#14006355 - 02/22/11 08:49 AM (13 years, 12 days ago) |
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No shit!....I overdrafted $1.50 once, noticed it, went and deposited $5, the overdraft fee came thru, OVERDRAFTED my account AGAIN and was chaged for another OD fee...fuck! And OD fee causing an OD fee, paradox
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MadSeasonAbove
Reef Donkey


Registered: 09/29/03
Posts: 3,143
Loc: Florida
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Re: I Despise Banks! [Re: Asante]
#14006372 - 02/22/11 08:53 AM (13 years, 12 days ago) |
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I just recently bought a few ounces of silver. What about platinum? Do you think that it's a worthwhile investment?
Gold is expensive right now.(well so is platinum)
Should I buy silver straight from the mint?
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Sounds like you have a shittie bank. 
My bank gives me an overdraft line of credit, if I go over it just like charging the purchase to a credit card. Also, no monthly fees.
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Asante
Mage


Registered: 02/06/02
Posts: 87,085
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The main players are gold and silver, and silver will probably at some time outperform gold.
Do your own due dilligence.
If you are in the "few ounces of silver" stage of investing, silver is probably your best bet as gold takes big increments to get the premiums to drop.
Personally i feel Junk Silver (90% pure fractional US $ silver coinage) is the way to go.
A good reason to have gold is to have portable wealth. A short roll of krugerrands (10 coins of 1oz) is about the size of a flashlight battery and has a value of $14,000
-------------------- Omnicyclion.org higher knowledge starts here
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Quote:
MadSeasonAbove said: Ever since BoA charged me 7 overdraft fees
My sister banked with them, she wrote me a check to repay a loan, it was $11k, they refused to cash the check even after they did a signature check that matched, I told them to call her and verify the check, they did and these fucknuts still refused, after about 45 minutes of dealing with the shit I called her and told her what was going on and she came down and reamed the manager, demanded they close her accounts and give her the money in cash, it was a sizable chunk, they based all the bullshit on my appearance
I went through the same shit over a $1000 check I received a few weeks ago drawn on BoA, and their check cashing policy of charging $7 for cashing checks drawn on their bank for non customers is just ridiculous, the bank customers need to raise hell about that and they ever changing fee schedule
start closing accounts and report to the corporate office why you no longer wish to do business with them
Quote:
How do you overdraft on an ATM withdrawal anyways!?!?
simple, banks charge a fee for overdraft protection on ATM purchases as well as if you have an overdraft, I always tell them I dont want overdraft protection but I do want a cutoff if my debit card purchase exceeds my balance...
Quote:
loans..try getting a loan from the bank now a days. It's not going to happen.
I have no credit and I dont want it, I pay cash for everything, I was turned down for a secured loan that was half the value of my savings account at a bank I was conducting business with since I was 13, they told me to go to a mall jewelry store and apply for a store card, pay on it for several months and they'll be more than happy to help me. I closed my account right then, told them the reason I have money in their bank is because I dont make frivolous purchases and decided I'll never bother with attempting to get credit
I recently reopened a free account at chase, the terms are no minimum balance and at least 5 purchases on my card per month, if I fail that the fee is about $6 and they claim to have no fees for people cashing checks that arent customers, if they change any of the terms on my account then I close it and go elsewhere
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Doc_T
Random Dude




Registered: 03/06/09
Posts: 42,395
Loc: Colorado
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Local bank > BofA. My place still has free checking and no weird fees. $15 annually for the debit card.
Credit unions are cool too.
-------------------- You make it all possible. Doesn't it feel good?
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: I Despise Banks! [Re: Doc_T]
#14006455 - 02/22/11 09:22 AM (13 years, 11 days ago) |
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my only issue with credit unions is there's no option for a business account
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badchad
Mad Scientist

Registered: 03/02/05 
Posts: 13,374
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Overdraft fees should be renamed "stupid tax".
If you lack the basic cognitive ability to perform simple math, then you should be fined for bringing down the collective intelligence of society at large.
Banks and credit cards make my life significantly easier. Everything is paid automatically, and on time each and every month. With loans, they allow me to do a cost-benefit analysis and determine whether owning or using an item now, is worth the interest paid on a loan.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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Doc_T
Random Dude




Registered: 03/06/09
Posts: 42,395
Loc: Colorado
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Re: I Despise Banks! [Re: badchad]
#14006472 - 02/22/11 09:30 AM (13 years, 11 days ago) |
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Quote:
badchad said: Overdraft fees should be renamed "stupid tax".
Not always stupid. But usually.
-------------------- You make it all possible. Doesn't it feel good?
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: I Despise Banks! [Re: badchad]
#14006516 - 02/22/11 09:47 AM (13 years, 11 days ago) |
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Quote:
badchad said: Everything is paid automatically, and on time each and every month.
you allow others to access your accounts?
that's frequently how overdrafts happen
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Doc_T
Random Dude




Registered: 03/06/09
Posts: 42,395
Loc: Colorado
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No, overdrafts happen because you spend more money than you have.
-------------------- You make it all possible. Doesn't it feel good?
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Icelander
The Minstrel in the Gallery



Registered: 03/15/05
Posts: 95,368
Loc: underbelly
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Re: I Despise Banks! [Re: Doc_T] 3
#14006548 - 02/22/11 09:54 AM (13 years, 11 days ago) |
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Bingo! I've been using banks for over 40 years and have only made money on the deal not to mention having a place to store excess money.
OP It's a bunch of crap to blame the bank when it's up to you to manage your money. If you don't like the banks then don't use them.
-------------------- "Don't believe everything you think". -Anom. " All that lives was born to die"-Anom. With much wisdom comes much sorrow, The more knowledge, the more grief. Ecclesiastes circa 350 BC
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