Quote:
Originally Posted by greeneyes
I love how people never think that banks are in business to make money just like any other business.
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Read what he said again... he pointed out that he took his paycheque to the bank that his employer uses. In this case the employer is the one doing business with bank.
The money that that cheque represents is in that bank and should be turned over once proper ID has been displayed. No fee *should* be charged.
As for bank fees in general... yes they are in business to make money but they are nickel and diming us to death...
Remember, a bank is holding my money for me and they are using it while it in the bank. They make money by using my money while it is in their posession. As for ATMs... yes they are expensive to run BUT how much are they saving by having me (and thousands of others like me) us the ATM rather than a live teller? They are saving money.
I can actually remember a time when one of the banks used to pay their customers to use the ATM...