So, Let’s consider: Is there an alternative to banks that charge those high ATM fee$
OK, so I’m scanning through last Friday’s (October 4, ’19) USA Today’s Money section and there on page one is an article by Paul Davidson lamenting how much more people are going to get hit with bank higher ATM fees and increased fees. And, he’s right!
Face it, a bank already HAS your money so they can keep as much of it via new and improved, at least for them, fees that syphon money from your pocket to theirs as fast as their computers will let them! Monthly “maintenance fees”, “imaging fees”, ATM fees, statement fees…hell, I’m waiting for them to have a fee for charging you all those fees!
It amazes me just how many people will WILLINGLY pay a bank a fee to get their money out of the bank! Think about that for a moment! Is that a racket or what?
But, there is an alternative. Frankly one that I was really annoyed and surprised that Davidson’s ignorance totally missed in his article. But, then, considering how many ads for banks his paper runs it would probably get censored by the sales department.
I’m talking about good old Credit Unions. With my Credit Union I don’t have those ripoff ATM fees (provided I use one of their ATM’s). I don’t have minimum balance ripoff fees that continue to drain my balance until there’s nothing left to drain. I don’t have those “maintenance fees”. In fact, I don’t have any fees at all, and I don’t have a minimum balance issue either! TAKE THAT BANK DuJour!
So, if you’re tired of being ripped off by all those banking fees, CLOSE YOUR BANK ACCOUNT, and open an account at a credit union! There’s plenty to be found! And, there’s no reason not to!
But then, if you’re as dumb as Davidson seems to be, you can just go right on with your bank…and pay all those fee$ and make your bank really happy to take your money as fast as you’ll let them.
After all, it’s only money…YOUR MONEY!
I’m Don Rima and that’s the view From Where I Stand.
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