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Remember a couple months ago when people were leaving their major banks for local credit unions, and the banks all said they were abandoning the fees because they were so unpopular? Looks like it was a predictable PR smokescreen. (self.politics)
submitted 4 months ago by toastyghost
I was assured by SunTrust representatives that they would not be instituting maintenance fees on basic checking. I just noticed a $7 charge that went through on 1/20. I'll be closing my accounts with them tomorrow.
[–]penkilk 440 points441 points442 points 4 months ago
lol.
"gentlemen, we clearly goofed. How could we treat our customers like this? Inform them of the charge? What were we thinking? Just keep it incognito, those dumb-asses will never know"
[–]emperorpotatoketchup 38 points39 points40 points 4 months ago
Like SOPA (and the other acronyms). Just postpone it until these people shut up then we'll pass it. The fact that they did the fee in the first place should've been reason enough to switch. If they can abandon a fee then they can easily reinstitute it at any time with a keystroke. The point is to be in a position where this isn't a constant worry. Don't waste your time being vigilant, just don't deal with criminals.
[–]acpawlek 18 points19 points20 points 4 months ago
And if they do notice we'll just tack it on to a piece of legislation that has to be passed so people can eat. That'll learn 'em.
[–]SasparillaTango 5 points6 points7 points 4 months ago
Or tack it on to legislation that says if you don't pass this, you support child pornography. What a pathetic mummer's farce this legislative process is.
[–]LiamZdenek 35 points36 points37 points 4 months ago
Arp it's a trap!
[–]podank99 162 points163 points164 points 4 months ago
I left Wells Fargo for UFCU. The only minor detraction is that my username is now my account number, so i have to remember it. Boo fucking hoo. Everything else is exactly the same, except that they are non-profit and thus don't try to shove a phallus into my rectum at every possible turn.
I've always been very pissed at the people who have a monopoly on something --- food vendors in a movie theater or concert or sporting event, or airlines, or credit card companies, or phone/cable/etc companies. nothing you can do when they want to fuck you becuase, hey, we're gonna buy that hot dog/flight/interweb.
But this? Clear, easy, just as good alternative! Fuck em! so happy to have left.
[–]fietsvrouw 22 points23 points24 points 4 months ago
I also switched from Wells Fargo to our local credit union. Wells Fargo had just settled out of court on a suit regarding their mortgage fraud. I am one of the many many people at UT who had a Wells Fargo student loan shoved down my throat in that deal between the university and the bank. When I called the U, they said that was the loan I was getting - they concealed the fact that I was not obliged to take a private loan. They had also intended to start charging a fee when you use your debit card at a POS, and when I called them, the banker told me (with no sense of irony) that they had considered it, but then they had heard from customers and pulled the idea when they realized "that our customers didn't want that fee." Plaintext: they didn't want to end up with the bad press BoM received. I would like to meet the customers who DID want that...
The bankers at my credit union were very honest with me about the fact that they, too, charge fees. The difference is that decisions are made locally, money is invested locally, and they have a smaller community, ergo they are more careful about pissing off their customer base. The switch was about sending a message that we aren't a bunch of lazy people who will let you screw us over and keep coming back for more. I left Wells Fargo because their practices bad. I will switch again if the credit union starts acting like Wells Fargo.
[–]SunSage 5 points6 points7 points 4 months ago
"our customers didn't want that fee"
Not like the other fees that they want.
[–]mycatiskai 40 points41 points42 points 4 months ago
You have to smuggle food/alcohol into events to break the monopoly power of vendors.
The small Camelbak full of liquor on your leg makes a great mixer. You just buy over priced pop and add liquor of choice. Much cheaper than beers.
[–]insufficient_funds 82 points83 points84 points 4 months ago
went to a nascar race one day.. had a full 2L camelback backpack of vodka and juice. i was hammered by the end of the race. of course, i was also hammered before the race started, im just trying to say that I stayed hammered throughout.
[–]catfishjenkins 52 points53 points54 points 4 months ago
I went to a NASCAR race once. I sat in front of this guy in an Earnhardt jacket who brought a pie and a six pack of Busch tall boys. He ate the pie and drank the beer. Near the end of the race, I hear him coughing behind me. I turn around and I see this guy puking the pie back into its pie tin. Circle of life man.
[–]vladimir_puta 13 points14 points15 points 4 months ago
Ready for next week.
[–]mycatiskai 23 points24 points25 points 4 months ago
I think it would have needed to be 2L of straight vodka for NASCAR to seem bearable. I was only just 19 when I went to the vancouver Indy and still many many free beers were drunk to make it watchable. That and ogling at the scantily clad Indy girls.
[–]luciferprinciple 6 points7 points8 points 4 months ago
Living on the west coast you learn to hate NASCAR. I spent a summer with my cousins and we decided to go see one live for whatever reason. I concur that alcohol is a must but the pre game grilling and general absurdity going on made it a pretty fun day
[–]insufficient_funds 3 points4 points5 points 4 months ago
it was 4 of us together two guys and two ladies, all were hammered. we were making fun of all of the rednecks around us. and laughed even moer when we realized the irony of willingly going to a nascar race and calling other people rednecks...
[–]smart_ass 6 points7 points8 points 4 months ago
I got so wasted at one Nascar, that I thought someone turned right. It was just a wreck.
[–]smart_ass 23 points24 points25 points 4 months ago
I have to come clean. I've never been to a Nascar race. I just like to lay on my bed and watch the tip of one fan blade with our fan set to low. One time we ran it on high and I got to experience Indy level racing.
[–][deleted] 7 points8 points9 points 4 months ago
I know you're just being an ignorant city slicker, but:
[–]smart_ass 4 points5 points6 points 4 months ago*
Fairly smart guy that drives an F-150 and lives out in the country. So fail on city slicker. Ignorant. I'll give you that.
I'm proud that I'm ignorant on Nascar. It isn't that I'm a slow learner. I just don't give a shit about Nascar.
[–]drphungky 7 points8 points9 points 4 months ago
Aren't you allowed to openly bring beer into the stadium with you at NASCAR events, as long as you keep it under their ridiculously generous definition of "personal consumption size" of 13 beers?
[–]insufficient_funds 5 points6 points7 points 4 months ago
13 isn't nearly enough for the length of those races.. and i don't know. was my first race
[–]doubleu 7 points8 points9 points 4 months ago
Last time I was at a Nascar race (2000) you could openly bring coolers into the stands with you. As long as it fit under the seat . Is it not that way anymore?
[–]salad-dressing 19 points20 points21 points 4 months ago
2000 was a "pre-9/11 world" in which the government had yet to take away our liberties in the name of safety.
[–]Nashvegas 4 points5 points6 points 4 months ago
You can still bring small coolers into races. Surprising but true.
[–]fap_socks 28 points29 points30 points 4 months ago
Top tip: you can inject vodka into oranges.
[–]c0pypastry 12 points13 points14 points 4 months ago
You can also inject vodka into...yourself.
[–]zumacroom 8 points9 points10 points 4 months ago
You sir, are a gentleman and a scholar.
[–][deleted] 4 months ago
[deleted]
[–][deleted] 27 points28 points29 points 4 months ago
Hip flasks for movies. Wear an unbuttoned blazer, put it in the inside pocket.
My grandfather left me a hollow cane with room for six large rubber-stopped glass tubes full of liquor. The thing has a spring at the bottom so you can drop the tubes in without them breaking, and a very snazzy silver head that inconspicuously unscrews. If you limp convincingly enough, I can't imagine anyone taking away a poor cripple's cane.
[–]Dracomantis 46 points47 points48 points 4 months ago
Surely you wouldn't deprive an old man of his walking stick...
[–]Arclight 11 points12 points13 points 4 months ago
Nice try, Gandalf.
[–]dicknuckle 17 points18 points19 points 4 months ago
One does not simply limp into Môrdor...
[–]zumacroom 1 point2 points3 points 4 months ago
Not simply, but hammered on the other hand...
[–]natophonic 7 points8 points9 points 4 months ago
As a young man I enjoyed the mild thrill of smuggling libations into movie parlours. Now that I am an old man who is not given to such excitements, and who has watched the world grow ever more civilized around him, I prefer to patronize a theater chain that offers an excellent selection of beer, wine, and mixed drinks at reasonable prices.
[–]lameth 2 points3 points4 points 4 months ago
Or we, as a society, can get back to the ideals of one looking distinguished while walking with a cane.
Pip, pip.
[–][deleted] 4 points5 points6 points 4 months ago
I'd rather dispense with the business of carrying a stick. That's so pedestrian. Gentleman's fashion should again introduce rapiers and boots.
Tally ho.
[–]saraquael 2 points3 points4 points 4 months ago
Was your grandfather Dr. House? Because that's some crippling genius right there. Oh shiiii-
[–]mycatiskai 2 points3 points4 points 4 months ago
A camelbak is for a sporting event or concert since those are usually longer than a movie. Normally you aren't searched at a movie so a mickey is easy to bring in along with a few packs of cheap candy from walmart.
[–]zelazny 11 points12 points13 points 4 months ago
Your account number is podank99? Go on...
[–]izzalion 4 points5 points6 points 4 months ago
Yeah, and they somehow tie your PIN to your karma balance.
[–]loadedmong 10 points11 points12 points 4 months ago
Monopoly... Like Ticketmaster? I continually get raped by their service charges.
[–]LeftHandedGraffiti 6 points7 points8 points 4 months ago
Check if you can change your username. When I joined my credit union it was originally my account number, but I was able to change it.
[–]basedonnothing 13 points14 points15 points 4 months ago
And the movie theater selling expensive food is actually their only source of profit, since 100% of the revenue from ticket sales goes to the studios for the first couple weeks and the percentage slowly drops down from there.
[–]CountNoAccount 20 points21 points22 points 4 months ago
Haha. Hollywood's distribution model sucks and they aren't remotely interested in fixing it, only lobbying the government to crack down on your freedoms and privacy.
[–]Raidicus 39 points40 points41 points 4 months ago
Which is exactly why in the future we won't have movie theaters as we know them. A business model that includes ripping people off to stay in business is never a good long-term strategy.
[–]OJtheBane 12 points13 points14 points 4 months ago
I always bring a few Ziploc bags and steal 10 dollars worth of butter.
[–]surfnsound 7 points8 points9 points 4 months ago
You mean "butter"
[–]DrunkmanDoodoo 11 points12 points13 points 4 months ago
So movie theaters are counting on the possibility that you are hungry and thirsty during the short 2 hours you are watching a movie. They are also counting on everyone not having the foresight that they will be hungry or thirsty while watching a movie and bringing their own food or drinks. And the movie companies are counting on taking most of the profits and hoping the movie theater somehow survives on soda and popcorn sales. I just don't know why people are so greedy. Why?
[–]CaspianX2 12 points13 points14 points 4 months ago
Actually, they are actively prohibiting food and drinks from outside which, while being easy enough to get around, requires you to act sneaky and deceptive... making you feel like you're doing something that's somehow wrong... possibly even criminal. And that's not taking into account that taking in hot and cold foods, particularly the sort one tends to associate with movie-going (but more on this later) is a bit more difficult than bringing in a candy bar.
And they're not just counting on people suddenly saying "you know, I forgot to eat and can't wait two hours for unhealthy food" and unthinkingly throwing money at the concessions stand out of pure impulsiveness. No, this shit is orchestrated.
First, they attract film-goers with the sight and smell of colorful and enticing foods to convince those who would otherwise be perfectly happy not consuming anything. Then they're sure to bombard you with advertising drilling it into your head that these are necessary staples of the film-going experience.
Package deals at the ticket counter pretty much always include concessions (no "family deal" ticket package is complete without popcorn and soda!). The brightest and most colorful area inside a movie theater (and one you can't get to the movie without passing)? The concessions stand. The advertisements before a movie? Interspersed with soda and candy ads (primarily soda ads - after all, a product that's mostly water has a massive profit margin). The video preceding every movie reminding people to remain quiet and turn off cell phones? Also comes with a friendly reminder that yummy food and drinks can be purchased in the concession stand (and please throw your trash away in the garbage can). And virtually every depiction of moviegoers in the actual movie shows them with at least a thing of popcorn in their hands.
Make no mistake, movie theaters aren't just resting on their haunches in the blind hope that you'll fall for their scheme. They have designed their business, their theater architecture, their advertising, the imagery surrounding their business, and the entire moviegoing experience around using as many social engineering tricks as possible to push you into giving in to that scheme.
The core sentiment you seem to be espousing, that ultimately what you spend money on is your own choice and movie theaters can't be blamed for trying to make a profit, is true. However, while taken at face value the complaints about concession prices are seemingly whining about a product that people don't need to buy, these complaints are actually, in ways often not realized by those making them, coming from the theater's constant barrage of manipulations drumming up demand for a product while simultaneously doing everything in their power to foster as much of a monopoly on said product as they can manage.
People don't like being manipulated, and when they see the prices on movie concessions, people can often feel that they're being manipulated, even if they can't quite understand how. No one's having this internal conversation with themselves, or they might start to put things together:
"I can't believe I have to pay this much for popcorn!"
You don't have to buy popcorn, do you?
"Well... no..."
Did you want popcorn before coming here?
"Um... not really..."
Do you know why you want it now?
"Well... it's kinda' an impulse thing."
Funny how that impulse always seems to strike when you go out to a movie, huh?
"Well, it's popcorn. People eat popcorn at movies."
Why?
"Umm... Well, it's a cultural thing. It's what you do, you know?"
So you don't want it because you want it, you want it because you're supposed to want it. Is that right?
"That's stupid. I'm a free-thinking person capable of deciding what I do and don't want."
Okay, you want it. You can always get it afterwards cheaply, right?
"Well... yes..."
So will you buy some after?
"Well... no, probably not."
Why not?
"Because I want it now, for the movie."
Is it your favorite food?
"Oh, hell no."
Is it your favorite snack food, even?
"No, I suppose not..."
Do you want it for movies you watch at home?
"Sometimes."
Even when there are other things you know you like more?
"Yeah, but it's a movie thing. It completes the experience, you know. Eating popcorn while watching a DVD makes it more like you're in the theater. Get the movie-going experience, you know?"
So you prefer watching movies in a theater to watching them at home, then?
"Well.... not usually, no."
But you have the movie-going experience, don't you?
"Yeah... but you can't pause to go to the bathroom, and there are annoying people there who make noise and cause distraction, and the floor is sticky, and the food is overpriced..."
So you eat the popcorn that you don't like all that much to recreate the movie experience you don't like all that much?
"It's iconic!"
Where do you tend to see that sort of iconography?
"... in movies..."
At the movie theater?
"... sometimes..."
So movies in movie theaters are the reason you want to buy things in movie theaters? Doesn't that seem manipulative to you?
"Oh, that's silly. I can't be manipulated that easily."
But aren't you at this very moment demanding a product you don't like to preserve the experience you don't like, when mere minutes ago you didn't want it and in a few hours you won't want it anymore either?
"Even if that were the case, it's not like they're actually trying to manipulate me like that."
They aren't constantly bombarding you with images of popcorn from the moment you step in the door, playing on the screen before the movie, and ensuring that every second you can look around and see popcorn somewhere around you?
"Oh, that's not manipulation, it's just advertisement."
Just what do you think an advertisement *is?*
"But that can't actually make people do anything!"
If it couldn't, then why would they do it?
"......."
... Wow, that was a long bit of internal dialogue, isn't it? The sort of introspection a person just doesn't do, right? And because they don't, the whole topic of manipulation never even comes up. Instead it's just a simple "I have to buy this" and "The prices are too high!", which is easier to wrap your head around than "The theater is bombarding me with imagery to make me want to buy something, and taking advantage of the impulsive spending they're pushing me into by raping my wallet".
[–]EONS 2 points3 points4 points 4 months ago
I straight up just walk in with outside beverages in my hand every time, and I've never even been given a second glance or sneer.
Seriously. I even brought in some chicken strips from mcdonalds, the container openly in my other hand, not hidden behind my back or anything, as I gave the ticket guy my ticket. He either didn't look, or didn't care.
You can basically get away with anything if you have confidence and walk in like a boss.
[–]SunSage 2 points3 points4 points 4 months ago
People think that someone making minimum wage gives a fuck.
They don't.
[–]E_mc2 7 points8 points9 points 4 months ago
I can use this a justification for going from one movie to another in a multi-plex since they aren't losing any money on it - just as long as I buy a $5 soda and $7 popcorn.
[–]topsidedown 13 points14 points15 points 4 months ago
The monopoly of food vendors in a movie theater? Don't go to the theater and rent a movie instead. It's not exactly essential to watch movies anyway. Plus it's all about the studios. They charge the theater so much to screen the movie that your ticket is essentially sold at cost (the exact percentage varies from movie to movie). The only real money the theater makes is from concessions. So if you're gonna hate on someone, hate on the studios.
[–]c0pypastry 15 points16 points17 points 4 months ago
rent
I catch your drift wink wink
Lemme just fire up the ol' TheRentalBay here and queue up some movies to rent.
[–]Pap3rkat 8 points9 points10 points 4 months ago
Ya done goofed
[–]JibberGXP 4 points5 points6 points 4 months ago
CONSEQUENCES WILL NEVER BE THE SAME.
[–]seancanada 6 points7 points8 points 4 months ago
Tangential: Do we have an update on this family?
[–]Verbiage 4 points5 points6 points 4 months ago
Dad died of a heart attack after being arrested for punching Jessie. Jessie was put in foster care and banned from computer access after nudes started circulating. That's last I heard, anyway.
[–]seancanada 7 points8 points9 points 4 months ago
Ah man. I shouldn't have asked.
Maybe some redditors feel that Jessie is laying in the bed she made, but I can only imagine how poor an upbringing she was given, and I really hope her all the best.
[–]flumpis 7 points8 points9 points 4 months ago
The dad's dead http://gawker.com/5831589/jessi-slaughters-dad-of-you-done-goofed-fame-dies
[–][deleted] 4 months ago*
[–]Baldazzer 19 points20 points21 points 4 months ago
Yeah, my suntrust banker informed me they'd be implementing a $4 fee in march or may for accounts with under $300. This is a student checking account, so different rates may apply. Not really sure.
[–]thatguy1717 77 points78 points79 points 4 months ago
Oh, you don't have very much money? Here at Suntrust, we don't tolerate that...so we will be setting up multiple fees until you don't have any money. Then we will give you a $500 fee for not having any money in an open account, close the account, and then send the a collection agency after you..
Thanks for banking Suntrust. We appreciate your loyalty.
[–]LeftHandedGraffiti 22 points23 points24 points 4 months ago
Good job Suntrust. Here at Citi when you close your IRA account we charge you a $50 dollar account maintenance fee and a $50 account closing charge. If we can't have your money, no one can!
[–][deleted] 16 points17 points18 points 4 months ago
$50 account closing charge.
There is no way this can possibly be legal....?
[–]hystericalwisteria 11 points12 points13 points 4 months ago
Actually it's pretty standard big-bank MO. When you sign up for the account, you agree to pay any associated fees, including account closing fees. (Nut at my bank, but at many.)
[–][deleted] 8 points9 points10 points 4 months ago
Wow.
I'm in Europe, my accounts are in the Netherlands, France, and Switzerland, and while the former two are occasionally bureaucratically obnoxious and inconvenient, I cannot imagine them ever EVER resorting to this kind of shit. Plus, I really seriously doubt whether they'd even be allowed to do so.
I know that for expats leaving France, standard operating procedure is to just withdraw all your cash from your account and leave, rather than go through the rigmarole of closing your account. I don't think there's any such thing as a universal credit rating, so if you decide to return and open another account, it's no problem (there's only a restriction on opening an account if you've been convicted of criminal banking fraud in the past, they check a central registry for that.)
[–]Hraes 18 points19 points20 points 4 months ago
Vote Ron Paul! Deregulate everything, including the banks! Wait. Why did we think this was a good idea again?
[–]aztektum 4 points5 points6 points 4 months ago
See, in the US, they don't view at the customers money. They view it as their money, which is temporarily in your possession, until they come up with an excuse to take it.
[–]elsagacious 10 points11 points12 points 4 months ago
http://www.youtube.com/watch?v=J0rSXjVuJVg
[–]Phant0mX 9 points10 points11 points 4 months ago
Well that's fantastic, a really smart decision, young man. We can put that check in a Money Market Mutual Fund, then we'll reinvest the earnings into foreign currency accounts with compounding interest aaand it's gone.
[–]failtree 8 points9 points10 points 4 months ago
aaaaaaaaaaaanndddd its gone.
[–]biffbagwell 67 points68 points69 points 4 months ago
I am enjoying my new credit union. Point of note for those that have not switched yet. -Most CUs are in a CO-OP, and you can use the CO-op atms fee free all over the country. All 7-11 atms are CO-op as well. Additionally, you can do Shared branching as well. Where I live, I actually have more atm access than I did at BOA.
[–]RaegTiem 15 points16 points17 points 4 months ago
My credit union refunds $20 worth of foreign cash withdraw fees monthly. I seldom withdraw cash, but it's nice to know I'll never have to pay to do it, no matter where I go.
[–]belhamster 6 points7 points8 points 4 months ago
Not all CUs are part of shared branching but almost all to my experience are part of the co-op network and 7-11s.
[–]unknownpoltroon 5 points6 points7 points 4 months ago
Not necessarily, i get fees at 711
[–]biffbagwell 13 points14 points15 points 4 months ago
http://www.co-opfs.org/b2c-homepage/atm-locator/
make sure it has this symbol
[–]coreycubed 1 point2 points3 points 4 months ago
Upvoted for CO-OP, of which the credit union where I'm employed is a member: http://www.co-opnetwork.org/
[–]Kateysomething 17 points18 points19 points 4 months ago
I work in a tax office, and we had our season kickoff meeting a few weeks ago. TD Bank came in to talk to us and offer us special deals because of a corporate parternship, blah blah.
It has always been the case that non-bank customers could cash paychecks at TD Bank if they were written from there (as our payroll is). When asked about that, the rep was like "Ohhhhhh....yeah, about that. We're not going to do that anymore." THEN he had the balls to say "You know, we have been suffering and really can't afford to do that anymore."
At which point I stopped being polite and said "You understand that it is laughable to hear you say that the bank is suffering, right? Like, really preposterous?"
[–]DrunkmanDoodoo 8 points9 points10 points 4 months ago
Sounds like a good reason for your company to change its payroll since they admitted that they are so hard up for money that they can't even cash their own checks for free.
[–]Kateysomething 5 points6 points7 points 4 months ago
I did lobby to switch to a local credit union. Unsuccessfully - The hours are annoyingly convenient at the TD Bank.
[–]lysdexiad 38 points39 points40 points 4 months ago
U S A A I can't say it enough times... if you have any means to access this bank, DO IT NOW. Best bank EVER.
[–]niekze 14 points15 points16 points 4 months ago
A state farm insurance rep called me and asked me about my car insurance. I told him I was with USAA. "Ohh. Well, thanks for your time." <click>
Need I say more?
[–]DriedT 25 points26 points27 points 4 months ago
You don't need to have any affiliation with the military or governement to become a USAA member anymore. ANYONE can open checking and savings accounts with them, you just can't get insurance and mortages.
[–]eac_nyc 5 points6 points7 points 4 months ago
When Bank of America announced their $5 debit card fee, I switched to USAA and am so glad I did. Since I'm not affiliated with military, I don't get all the benefits like depositing checks with your phone, but I couldn't be happier. I can go to almost any UPS store and deposit my checks, ATM fees get reimbursed up to $15, and there's an Allpoint app for iPhone where you can find ATMs that don't charge you. Plus there are no fees for transferring to other accounts, even non-USAA ones.
Hate to sound like a commercial, but I really am glad I made the switch.
[–]volatilegx 2 points3 points4 points 4 months ago
Agreed. Also, it is customer-owned, like a mutual insurance company.
[–]rutoro 2 points3 points4 points 4 months ago
I really like USAA. The main thing I like about them is their website and their iPhone/Android apps. If I use my debit card at the store and check the app 30 seconds later, the charge is always listed on my account. No other bank I've had has ever reflected debit card charges so fast.
The only qualm I have is that they recently got rid of their debit card rewards in favor of free ATM fees. They sent a survey to all account holders and people preferred free ATMs. Sucked because I hardly use ATMs and I was pulling like $100 every 6 months in rewards just for using my debit card.
[–]WhiskerBiscuit88 22 points23 points24 points 4 months ago
SunTrust also owns a couple of hospitals, St. Louis and Los Angles.
Both facilities take in over 15 million a month and SunTrust takes every single penny and then gives them only enough to pay 55% of their bills. The other 45% of unpaid invoices are left to sit and default so when they finally go to court for the issue they end up paying "pennies on the dollar"
By the way did I mention I work for one of those hospitals and haven't received a raise in 4 years! SunTrust is evil and I suggest you all take you $$ somewhere else. Peter Baranoff can lick my dick!
[–]COCKENERGY 125 points126 points127 points 4 months ago
The only difference between big banks and a drug addict is a suit.
[–]menweezy 74 points75 points76 points 4 months ago
Always wondered where crackheads get their suits
[–]jeffraider 10 points11 points12 points 4 months ago
I got the shotgun, you got the briefcase. It's all in the game though, right?
[–]elcoyote399 20 points21 points22 points 4 months ago
And money
[–]Bichofelix 8 points9 points10 points 4 months ago
This appears to be the deciding factor.
[–]condescending-twit 23 points24 points25 points 4 months ago
This comparison is totally unfair to drug addicts
[–]WorkIsMyBane 5 points6 points7 points 4 months ago
Debt addicts.
[–]Bichofelix 48 points49 points50 points 4 months ago
JUST HAPPENED TO ME. (Chase) I fucking overdrafted because of it. Fuck these people, man.. They wait until the last possible second to take their money out just hoping I won't have enough to overdraft, which I'm used to. Then they hit me with this fucking out-of-the-blue $10 charge and fucked me.
[–]perfect_exceeder 16 points17 points18 points 4 months ago
Chase? I don't know if they have different policies in different states. I have Chase in OR and they started a monthly checking fee about 9 months ago, as I recall, but only if you have less than $1500 in your account. I still haven't been charged any fees. I just double-checked.
EDIT: "checkingn" --> "checking"
[–]enter_river 28 points29 points30 points 4 months ago
...only if you have less than $1500 in your account....
[–]bringindabacon 18 points19 points20 points 4 months ago
Actually just having direct deposit waves the fee too.
Most people just don't bother to read about how their account works.
[–]Sillyheart 11 points12 points13 points 4 months ago
Some employers don't offer direct deposit.
[–]thatmorrowguy 10 points11 points12 points 4 months ago
Then get a bank that doesn't suck.
[–]Sillyheart 5 points6 points7 points 4 months ago
That's one of the reasons I'm with a credit union, but a good credit union isn't always available.
[–]elcoremino 5 points6 points7 points 4 months ago*
But don't you see, bringindabacon, that's a part of the catch. You have to have a savings account, and direct deposit to waive the fee. Your savings account has to have at least $300 or you'll be charged a separate fee. The direct deposit situation, and the debit card one they pull at WF, are ways to get your financial life so wrapped up in Chase or WF, or whatever bank, so that when you get the fee for not having $300 in that savings account (remember, they made you open it to avoid the fee on the checking account) you'll decide that it's too much work to 1. talk to your HR to cancel DD, and 2. Have to wait a couple weeks to get a new debit card at another bank, because you're now so used to having it, oh and they talked you into automatic bill pay... what happens with that now? so you just pay the fee and bite down on the pillow for the next jab they'll, no doubt, be driving up your ass.
That's a meaty paragraph, but I think I summed up what I was trying to say pretty well even though I didn't proofread it...... let it ride.
[–]WiglyWorm 13 points14 points15 points 4 months ago
If you have $1,500 in a checking account, you're handling your personal finances wrong.
[–]claysumj 5 points6 points7 points 4 months ago
It's $1500, not $150k. Keeping $1500 in a checking account is common practice. With interest rates so low, it's not like you could put that in any other retail account and make any better.
[–]Bichofelix 11 points12 points13 points 4 months ago
I honestly had no idea, but I had long suspect them of doing it.
I have a credit union a block away, and I have the day off today, so it looks like I'll be running a few errands.
[–]raikkonen 8 points9 points10 points 4 months ago
you can set it so chase will never let you overdraft (they have to do that by law now.) And you will never get an overdraft fee if a chase fee is what causes you to go red.
[–]curbstickle 10 points11 points12 points 4 months ago
To be candid here, and please don't take this the wrong way, but if a $10 fee causes you to overdraft, you're not managing your money as well as you could be. Have you considered speaking with a local nonprofit financial counselor?
In all likelihood there are options out there more suited to you at this time.
[–]schmalpal 3 points4 points5 points 4 months ago
Happened to me too, except it happened when I was in a state without Chase banks, relying on their phone app to deposit checks. GUESS WHAT YOU CAN'T USE WHEN YOU'RE OVERDRAWN BY SOME BULLSHIT FEE? Deposits on the phone app.
Had to open an account with Wells Fargo, and I'm sure I'll get fucked by them at some point.
[–]AKFishing 2 points3 points4 points 4 months ago
reminds me of the time i got charged $200 in overdraft fee's by wells fargo because paypal fucked up so they decided trying to run the same charge through 4 times on my account I was also in high school so it was also linked with my fathers account which should have been used as a backup but for some reason wasn't
[–]NoMoreNicksLeft 11 points12 points13 points 4 months ago
Why did you believe them?
[–]m_Pony 8 points9 points10 points 4 months ago
insist on getting your seven dollars back before you close your account.
[–]expertunderachiever 3 points4 points5 points 4 months ago
Did that. I complained about the $18 in fees I had on one account [I use debit a lot] and they reversed them. I then asked them if they had a no-fee account to offer. They said no, I closed and moved to ING.
[–]toastyghost[S] 1 point2 points3 points 4 months ago
that's the plan.
[–]Jamdizzle 10 points11 points12 points 4 months ago
And the worst part of this whole thing:
Credit Unions have been better than banks and just downright awesome since before this whole "fuck the banks" uprising.
I, too, dragged my feet on moving my money but when I finally moved over it was phenomenal: free checking, ATM fees refunded (yes, I get to use any ATM and get a certain amount of fees refunded each month), SUPER low APR credit card, USED car loans with APR's in the low 3% range. Not to mention there is never any line and everyone is very polite. Scratch that: everyone is HAPPY. HAPPY to take a fucking deposit and they don't EVER try to sell me shit. There is even a greeter. And not the "Hi, welcome to big bank! What can I shove into your mouth today?" kind of greeter who is playing the angles like some fuckin' scam machine. This is a person who is paid to just be nice, answer your questions BEFORE seeing a banker/teller/loan officer and point out the free coffee to you. And the free coffee is actually good....
If you haven't left your big bank yet then it's sorta like eating McDonalds and thinking, "I'm just going to keep doing this because it's convenient." Stop it. Go eat real food. And by real food I mean eat a credit union. I have to go take a shit...
[–]limbodog 37 points38 points39 points 4 months ago
Anyone dumb enough to stay with the banks at this point deserves the fee.
[–]thatguy1717 15 points16 points17 points 4 months ago
I really don't understand why people stay with banks. Banks are like any other company, they don't care about you. They just want your money. I've had an account in a credit union since I was a kid and I've never had any stupid fees or stipulations on how much money I had to keep in an account. However, I did have an account at a bank for 3 years in college (as well as the credit union) because I lived in a small town with few banking options. In that time, I got incessant fees and several overdraft charges. Fuck banks
[–]belhamster 10 points11 points12 points 4 months ago
community, local banks tend to be much better than national/regional banks. So fuck many large banks that are too big to fail- let's be accurate with our rage.
[–]mondaytuesdaywednesd 7 points8 points9 points 4 months ago
I really don't understand why people stay with banks. Banks are like any other company, they don't care about you. They just want your money.
Isn't that an argument for not doing business with any company? They all just want to make money. That's the whole point behind capitalism. But in general, capitalism works. If my bank wants my business, they'll treat me well. Same as any business.
And my bank does treat me well. I've never paid any fee for my checking account, savings account, or credit card. They have tons of ATMs and branches, a usable website, a 24 hour phone line, etc. There's literally nothing more I want from them.
[–]buttnutts 4 points5 points6 points 4 months ago
I really don't understand why people stay with banks.
I'm in the process of switching from Wells Fargo to a local credit union and I can explain why based on my recent experience.
First, I'm rich and I'm responsible with my money. I will almost never be hit with a fee, and if I am I call WF and say "remove this fee or I won't bank with you anymore" and they remove it. This has happened maybe 5 times in 10 years -- I have never paid a fee. They look at how much money I move through them and they will waive fees to keep my service. It's quite calculated, but as a rich guy it weighs heavily in my favor. They give me 100 free stock trades / year (which is more than I use, which means I trade completely for free), and they have good online access to things like:
Contrast this with my local credit union, who nickel and dimes me for trivial things -- like ordering checks. Or who holds large (several tens of thousands of dollars) transfers for two weeks before granting me access to the funds. Now, some of this I'm hoping is due to my being a new member, but if these types of holds are their actual policies I will have to either find a new CU or ... something. Holding that much cash for that long costs me near a hundred dollars if I assume a lost 5% return.
Furthermore, interacting with their tellers or their website is totally amateur hour. My CU's tellers are unfamiliar with standard banking questions (like: How do I do an ACH transfer, online?) and their website is a bunch of basic HTML forms that look like they were designed in 1999. I still haven't figured out how to get access to my cleared checks -- it's really just a poor experience for someone who has a lot of money and needs to move around a lot of money.
So, why am I moving? Why not stick with the big banks? It's because recently Wells Fargo enacted a binding arbitration clause, which takes away my ability to sue their ass if they fuck something up -- and also takes away their customer's right to a class action collective lawsuit.
This is a big deal. It means no one will ever be able to hold Wells Fargo to task if they do something shady, which results in small fees or costs to large numbers of customers -- who would file a lawsuit over $10? I simply cannot trust my money to a company which won't permit me the remedy of a court of law if something goes south. Because of this I switched to a credit union without binding arbitration (Redditors take note, USAA is a very popular credit union and they have a binding arbitration clause!)
[–]mlhradio 23 points24 points25 points 4 months ago
Because some of us know how to handle our money, know all the requirements on the accounts, and don't get hit with fees. I know it may be hard to believe because Reddit is so much of an echo chamber, but the vast majority of people don't have problems with fees.
[–]meeeeoooowy 4 points5 points6 points 4 months ago
BoA. Don't have a ton of money. Zero fees in the last 7 years...
[–]roflomgwtfbbq 6 points7 points8 points 4 months ago
I agree. I switched to BoA when I moved (previous bank is not even in my new state) and I haven't had any problems with fees, etc. People should not be opening accounts if they can't meet the requirements in the first place. No one is forcing which bank to go with, everyone should shop around for what meets their needs best.
[–]limbodog 7 points8 points9 points 4 months ago
Lots of people don't have a problem with their bank until the day that they do. Ultimately, it's still a company that provides teh same services as a credit union, but while also skimming off the top.
[–][deleted] 1 point2 points3 points 4 months ago
If you really don't understand why people stay with banks then you're quite honestly retarded. It is, in many ways, a hell of a lot more convenient, and you virtually always have better online/mobile services than with credit unions. Most people don't really care about $5/month, even though SunTrust is one of the few that's actually doing it.
[–]0mega_man 57 points58 points59 points 4 months ago
It's funny how just a few dollars can make people change, where before they wouldn't make the moral choice just because it's the right thing to do. GTFO of for-profit banking.
[–]b0w3n 20 points21 points22 points 4 months ago
The problem is, that "just a few dollars" is a few dollars more I had by bolting a safe to my basement floor and keeping my money in it. Since interest is shit, I make more money not putting it in a bank.
Assuming I never need a check (local utilities offices/no mortgage/roommate accepts cash/no credit card[some allow local payments at branches with cash]) I can actually come out ahead this way -- obviously at the risk that someone can bankrupt me if they're a good safecracker.
The deal always used to be "Here's my money, you can use it to make investments, just keep it safe for me." and they made their money through the investment vehicles on loans, and whatever else bankers are throwing money at these days. Something changed somewhere a few decades back where some yahoo banker dude was like "well I could make even more money if I charged everyone $5 to keep their money in an account at my bank."
And voila, the big banks began the downward spiral of the most retarded thinking this planet has ever seen which led to the eventual depression of most major economies on the planet.
[–]perfect_exceeder 23 points24 points25 points 4 months ago
I would like to switch to a local credit union, but do you know: can I do that from China? (Seriously, I'm in China.)
[–]Dark_Prism 12 points13 points14 points 4 months ago
If you're a US citizen with citizenship in a US state, and are just in China for awhile, then yes, you can switch. Most credit unions have websites you can do it with.
Getting your money out of an ATM might be a bit harder... I know PSECU, which I'm a part of, lets me get money out of any ATM that takes Visa, but I don't know about others.
[–]wbabbit 8 points9 points10 points 4 months ago
I'd check out USAA, they specialize in taking care of people out of country (aka military) and don't even have branches...
[–]news_and_coffee 3 points4 points5 points 4 months ago
been with them since 2002, best bank/credit union in the world.
[–]monochr 40 points41 points42 points 4 months ago
Corporations would lie to get your money?
Who would have thought that could ever happen?
[–]ystwyth 4 points5 points6 points 4 months ago
My CU refunds up to $25/month in atm fees from other banks!
[–]KopOut 3 points4 points5 points 4 months ago
Everyone of you young kids who are just starting out or are students need to try really hard to remember what these banks did to you when you didn't have any money, because there will come a time when you will have enough money to meet most of the minimums the big banks require.
That is the point at which you need to remember the way they exploit people with nothing and tell them to fuck off and keep your money at a credit union or a local community bank.
[–]Maddoktor2 4 points5 points6 points 4 months ago*
Just happened to me as well. BoA just implemented a $5 monthly maintenance fee on my savings account, so I zeroed it out and closed it. I had it for 10 years. When they told me that all banks do that and that I'd have a lot of trouble finding one that didn't, I asked them if they'd ever heard of USAA, and told them that since I have a direct deposit setup on my checking account, I can still avoid the existing monthly maintenance fee (including the new fee increase from $7 to $12) on the checking account, but as soon as that direct deposit ends, I would close that account as well and go strictly with USAA because of that increase. They refunded the $5 fee and added it to my checking account balance, closed the savings account, and apologized. They didn't look very happy when I dropped the USAA bomb in their laps. Felt good to see it.
Should've left well enough alone, BoA. It's your loss, and no longer mine. This is what happens when you get greedy.
[–]Godwhacker 13 points14 points15 points 4 months ago
Too late. My credit union rocks.
[–]UglyPineapple 3 points4 points5 points 4 months ago
Apparently, they do
[–]petedacook 2 points3 points4 points 4 months ago*
Banks are required by the FDIC to provide notice of charges in a truth in savings disclosure.
If a bank institutes new fess, they send a new truth in savings disclosure to the account holders. It is the responsibility of the account holders to review the truth in savings.
[–]highguy420 2 points3 points4 points 4 months ago
I've seen service charges hit two different "free" checking accounts in the last 30 days as well. No real notice sent out about it either. As I do not use those two accounts I closed them the next day.
[–]blonde_n_shit 3 points4 points5 points 4 months ago
I know Bank of America said they were adding additional fees and then went back on that decision. Has anyone noticed any unusual charges on their Bank of America accounts?
[–]charlie6969 3 points4 points5 points 4 months ago
Last year I got a check from my Credit Union for $15. I know it's not much, but as a member/owner, I got some profit at the end of the year.
Receiving $15 isn't much, but it sure beats me paying them, in fees.
[–]AmericanDerp 2 points3 points4 points 4 months ago
Time for another Bank Transfer Day.
[–]Toasterthegamer 3 points4 points5 points 4 months ago
Yeah this is what happened to me, I had a student account not a whole lot of money in it the assured me I would have 100% free checking next thing I know I am getting slammed with a 5 dollar monthly charge.. without warning me or telling me in advance..
Thanks BANKS +1
slits wrists
[–]danielcooper 3 points4 points5 points 4 months ago
I saw this coming.
[–]bud-tugley 4 points5 points6 points 4 months ago
What PR move by banks? My impression was that they simply didn't give a shit and were happy to be rid of low-margin/balance checkers and savers.
[–]milomilo 3 points4 points5 points 4 months ago
I left Wells Fargo for SFFCU and it's been a disaster, I've gained several pounds from all the free candy bars.
[–]pwndepot 4 points5 points6 points 4 months ago
I'm with BOA. They got rid of that $5 fee for debit card users after significant public backlash. Then about 2 months ago they turned around an started charging me a $5/month maintenance fee for my savings account. Looking further into it, I found I was being charged since I had less than $1500 in that account.
So not only was that monthly debit card fee just obviously rebranded as "maintenance fees" but the bank my tax dollars helped bail out is essentially charging me a freaking poor tax because I don't have tons of money. They are constantly opening new branches and I never see less than 8 people on staff at my local location. Yet, I'm meant to believe they don't have enough money to maintain an online service?
I could sort of understand this if it was a charge on credit accounts. But savings and checking? This is MY money. I EARNED it. They can borrow it and lend it and give me a measly penny/month in interest, yet I have to turn around and give them $5/mo to let them borrow this money and "maintenance" their service of lending my money?? I'm on my way, credit union!
[–]cokedick_louie 2 points3 points4 points 4 months ago
yaaay I get to picket banks again for shits and giggles.
[–]DirtyWhoreMouth 4 points5 points6 points 4 months ago
I would have made the change but my husband and I are going through a bankruptcy and our lawyer said "no" .__.'
In the meantime, I have to deal with Wells Fargo's crazy ass fucking bullshit. I've given them around $300 in ridiculous fees over the past two months or so. Everytime I call to complain, they can't reverse the fees and then they try to sell my ass more fucking "services" that would only hurt me further. When I told the one lady I needed that money because I have a baby on the way AND we're in the middle of an expensive bankruptcy, she tried to sell me a fucking credit card. REALLY, LADY?!
(btw, we've never had credit cards... medical bills and a car accident are what sent us into bankruptcy)
Fuck banks. FUCK THEM LONG AND HARD WITHOUT LUBE.
[–]Bad-Science 3 points4 points5 points 4 months ago
My prediction: Once big banks really start to feel the pain of people moving to Credit Unions, they will start to dump a LOT of money in lobby efforts aimed at revoking the tax exempt status (and other benefits) that credit unions enjoy.
They are not going to walk away from the fight quietly OR go down easily.
[–]technofiend 2 points3 points4 points 4 months ago
Might as well deny another revenue stream and opt out of information sharing while you're at it.
[–]sonofagunn 2 points3 points4 points 4 months ago
Already switched, and loving the credit union. More ATMs, lowest loan rates (just bought a car too), great service, and no silly fees.
[–]bertrandernest 2 points3 points4 points 4 months ago
when i closed my account at suntrust about 3 months ago, they told me they weren't going to charge the $5 debit card fee, but the $7 maint. fee would still be charged if i didn't have a min. balance. switched to ally, haven't looked back.
[–]pervertedlanguage 2 points3 points4 points 4 months ago
Credit Unions!
[–]drmctesticles 2 points3 points4 points 4 months ago
Did you go below the necessary balance to avoid maintenance fees? Most banks who offer free checking require that you keep a certain amount in the account (ex. $500) and when you fall below that level they institute a fee.
Did you not read what they gave you to sign when you opened the account?
[–]winning_negatively 2 points3 points4 points 4 months ago
Yeah I got hit by the same shit. Luckily I didn't overdraft. I'm a college student, and I only work summers so I can focus on my grades (lucky I know). Even after switching all my checking and savings accounts to student accounts, I would have had to have $600 to my name to avoid charges (300/account). I would have run below that before the summer, so I took my money and ran to a credit union. Couldn't be happier now.
TL;DR SunTrust sucks credit unions' balls.
[–]TheNev 2 points3 points4 points 4 months ago
Voting with your feet is among the best ways of changing things but you cannot be expected to get everything handed to you at every turn. Sometimes you have to haggle for a better deal.
[–]BuckyDucksauce 2 points3 points4 points 4 months ago
The fees are stated right on the website. How did you miss that? https://www.suntrust.com/PersonalBanking/EverydayBanking/Checking/EverydayChecking
[–]WokeUpOlder 2 points3 points4 points 4 months ago
And that's why I opened an account with my local credit union. That and the free cookies. Mostly the free cookies.
[–]Vetselm 1 point2 points3 points 4 months ago
ITS A TRAP
[–]Tyyrlym 2 points3 points4 points 4 months ago
Concerns that your local credit union won't have the services of a major bank may be unfounded. My LCU had everything Wachovia did except the giant unlubed fee dildo Wachovia was eager to fuck me with.
[–]tayo42 2 points3 points4 points 4 months ago
Thanks. checked my bank of america account. $12 maintaince fees unless I have $1500 or a deposit of $250 dollars or never use a teller again...Ill be looking for a new bank today
[–]Smokyo7 2 points3 points4 points 4 months ago
I use PNC and through all of this bank stuff I am happy that they have not been mentioned; at least from what I have read. I also have no fees on my checking accounts with them and they refund charges from taking money out through an ATM that is not theirs.
[–]Endyo 2 points3 points4 points 4 months ago
I forsee in the near future... big banks lobbying congress to abolish NCUSIF and then hiring privateers to systematically rob each credit union across the country.
[–]weegee 2 points3 points4 points 4 months ago
I closed my BoA savings account in November, before the $5 monthly fee was put in place. Then, a couple weeks ago, I closed my BoA checking account and terminated my relationship with BoA, and they told me over the counter that there had been a fee imposed on the savings account, yet I had closed it in that very branch in November, 2011! Sure enough, a week after I close my checking account, I get a letter in the mail from BoA that I owed them $10 for the savings account fees. Fucking idiots. Will never again do business with that horrible corporation. Hello USAA!
[–]nairspa 0 points1 point2 points 4 months ago
Are there any major banks that are safe to support? I'm with CIBC.. because I'm 22 and I've had an account my family had created for me when I was very young. I've never thought to switch but I have a "real" job now but I'm very uneducated still in the ways of finance. Am I a sucker for staying for the sake of convenience?
[–]lolsarcasmlol 1 point2 points3 points 4 months ago
Uhhh... ING Direct, anyone?
[–]articulatedjunction 2 points3 points4 points 4 months ago
America makes me sad. People leave banks because of a $5 fee, not because they engineered the devaluation of ALL YOUR MONEY to their benefit.
Hundreds of billions were loaned to them to profit off of for free. That is WAY more than a frickin' maintenance fee.
[–]ckopo 2 points3 points4 points 4 months ago
Fool me once....
[–]Weaseal 2 points3 points4 points 4 months ago
Ha. For unrelated reasons, I was looking at my SunTrust account the other day to check for fees. I didn't notice any but did see a warning that I was going to be fined $7 for having less than $500 (fine for being poor? yeah, that'll help.) - immediately withdrew every penny and closed the account.
They will try to stop you from closing your account by explaining that there are ways to dodge the fees. Don't listen. To dodge the fees you have to transfer money into the account each month, or set up direct deposit. We have better things to do than jump through their hoops, JOIN A CREDIT UNION.
[–]toccata 2 points3 points4 points 4 months ago
You shouldda looked last month, SunTrust started charging in December
[–]mom_of_five 1 point2 points3 points 4 months ago
Banks are jerk pieces of shit. When my son started getting SSI a few months ago, I tried to deposit the first check into my account at Fifth Third. The check is written out to me, with a line that says "for [insert son's name]". They refused to deposit the check unless I opened up a new account with both my name and my son's name on it. No, fuck you, I already have an account and my son is 2 years old and I do not want his name on a bank account. I just cash his checks at a small locally owned convenience store now. I'd rather them take a small percentage than the bank.
[–]RadOwl 2 points3 points4 points 4 months ago
Wells Fargo took over my Wachovia account and suddenly I got nailed with fees. By the time I noticed them I'd paid $40 in four months to have a simple checking account. When I closed it a few days ago they didn't even try to get me to stay. Fuck you Wells Fargo.
[–]lion_in_a_coma 2 points3 points4 points 4 months ago
I make $5-$10 in interest for my checking account at a credit union. If you haven't switched you are really missing out.
[–]SpunkyPew 2 points3 points4 points 4 months ago
i don't know where all these credit unions are that pay 3%. I looked at four of them and their savings rate is .1%
[–]BROBOCOP_FTW 1 point2 points3 points 4 months ago
Question: I may be moving from MD to NY soon. I bank with Wells Fargo, but want to change to a credit union for MD state workers.
If I move everything I have over to the credit union, how accessible will my money be in NY?
[–]A_Tattooed_Biker 1 point2 points3 points 4 months ago
I just finished up closing my BoA accounts. It feels good to go local.
[–]toecutter-pdx 1 point2 points3 points 4 months ago
This is why I switched 5 months ago. In a credit union now and couldn't be happier! Screw banks.
[–]BrohatmaGandhi 2 points3 points4 points 4 months ago
I work at a very small bank, we have 9 branches. We just created an account that will give you 2.02 APY. It's entirely free. So, don't just ONLY go to credit unions, visit your small local banks too. Also, I'll add, when you call, you'll immediately talk to a person that can help you with any question you have.
[–]ballardr 2 points3 points4 points 4 months ago
BOA wants $30.00 to provide a payoff for a mortgage, which is ordered through an automated system via fax, and available immediately. Or you can choose to have the payoff provided via mail, for free. However the the mail option requires 3 to 5 days to generate, and 7 to 10 days for regular mail delivery. The payoff amounts are only guaranteed for 14 days. So if you choose the mail delivery, there is a chance that the document may be received after 14 days, which means it will be worthless.
[–]curbstickle 7 points8 points9 points 4 months ago
Fees for checking accounts that do not meet minimum balance requirements have been around forever. There are student checking accounts that are no fee without a balance requirement, but unless you demonstrate you are still a student (which it says when you open the account), it becomes a regular account with fees.
The big fees people were complaining about recently were debit card fees; a fee for having a debit card if you didn't meet some set of requirements, fairly similar to those of a regular fee checking account.
So basically, not enough information here, though the $7 fee sounds like the fee SunTrust has for not maintaining the minimum balance. Again, not new.
[–]winning_negatively 0 points1 point2 points 4 months ago
SunTrust at least just changed their policy. 'Free' Student checking is only free if you maintain a $300 minimum balance.
[–]toastyghost[S] 0 points1 point2 points 4 months ago
it is new when you have an account called "free checking".
[–]Entertainment_720 4 points5 points6 points 4 months ago
My CU charged me inactivity fees. I went in and told them that was a salty move on their part and that was something big banks did. Then they said the best interest rate they could do on a 2004 car loan was 8.5%. I called PNC and they said they could do 4.25% for up to 6 years if I wanted. Bye bye credit union.
[–]VikingHedgehog 10 points11 points12 points 4 months ago
I pay my mutha'uckin' rent fortnightly, Mutha'uckas at the bank trying to play me. An amount from my account goes out on A/P (on A/P) Yeah, you know me. Mutha'ucka charge a two buck transaction fee, makes my payment short, my rent comes back to me, minus a twenty-five dollar penalty -So you fee'd me 'cause of your mutha'uckin' fee! Read the word on my ATM slip, said, "We're all mutha'uckas and we're 'uckin' with your shi'," come on!
[–]FireNexus 5 points6 points7 points 4 months ago
Too many mutha'uckas...
[–]flexiblecoder 1 point2 points3 points 4 months ago
You lost some 'f's, let me return then for you.
ffffff
[–]VikingHedgehog 4 points5 points6 points 4 months ago
Flight of the Conchords. It's a song by them. I didn't loose any f's. Thanks.
[–]nozeitall 5 points6 points7 points 4 months ago
you'd of thought the word 'fortnightly' would have been a clue...
[–]MrMadcap 1 point2 points3 points 4 months ago
Same with Chase. My Wife was just feed $10. Demanding a refund, and closing the account later today.
[–]illogicalvagina 0 points1 point2 points 4 months ago
I swear, corporate banking customers have spousal abuse syndrome. If you didn't leave in October 2011, you deserve what you get.
[–]EmpireAndAll 0 points1 point2 points 4 months ago
Many banks still charge you a fee if you don't do everything online. BoA charges like 9 bucks a month if you use their physical bank, they want you to quit using the bank location and go online with paperless billing.
[–]curbstickle 2 points3 points4 points 4 months ago
Depends on the account type, this isnt true for all BoA checking accounts.
[–]flopus 0 points1 point2 points 4 months ago
using your debit card causes a $7 charge per month. There's your charge
[–]madest 1 point2 points3 points 4 months ago
Why not today?
[–]Brooksington 0 points1 point2 points 4 months ago
well...not anymore
all it takes is a username and password
create account
is it really that easy? only one way to find out...
already have an account and just want to login?
login
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