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I have more in my wallet than I do in that account.
Well, you'd have to, wouldn't you ? How do you make money that you have cash that doesn't go through an account ? Selling drugs ? I didn't think any legal job still paid in cash. FWIW, I remember being dirt poor and frustrated when the bank charged me an overdraw fee, or an account keeping fee, on the basis that it really did cut into my meagre funds. But, the right response is both to better yourself so you stop caring about an $8.00 fee, and never have to worry about being overdrawn, and in general to make yourself aware of the policies of the banks, so you can make sure your account costs you as little as possible.
Christian Graus Driven to the arms of OSX by Vista.
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Well, you'd have to, wouldn't you ? How do you make money that you have cash that doesn't go through an account ? Selling drugs ? I didn't think any legal job still paid in cash. FWIW, I remember being dirt poor and frustrated when the bank charged me an overdraw fee, or an account keeping fee, on the basis that it really did cut into my meagre funds. But, the right response is both to better yourself so you stop caring about an $8.00 fee, and never have to worry about being overdrawn, and in general to make yourself aware of the policies of the banks, so you can make sure your account costs you as little as possible.
Christian Graus Driven to the arms of OSX by Vista.
Christian Graus wrote:
How do you make money that you have cash that doesn't go through an account ?
When I worked at the waffle house they paid cash. It was nice receiving a stack of 20s from the boss every week.
Christian Graus wrote:
But, the right response is both to better yourself so you stop caring about an $8.00 fee
I am always dirt poor around this time of year, but once I get back on my feet I'm always better off than I was the year before when I was on my feet.
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I don't want the whole world to see that. Just the regulars who already know my location.
Did you know that banks have their very own credit reporting service? And that once you are listed as a deadbeat, you can't get a bank account anywhere else in the country?
Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.
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Did you know that banks have their very own credit reporting service? And that once you are listed as a deadbeat, you can't get a bank account anywhere else in the country?
Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.
Oakman wrote:
once you are listed as a deadbeat, you can't get a bank account anywhere else in the country?
They corrected the error.
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Oakman wrote:
once you are listed as a deadbeat, you can't get a bank account anywhere else in the country?
They corrected the error.
And eliminated all the charges? If so, good on you for taking the adult road, maybe there's hope for you, yet
Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.
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And eliminated all the charges? If so, good on you for taking the adult road, maybe there's hope for you, yet
Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.
Oakman wrote:
And eliminated all the charges?
Yes, and apologized with a lengthy detailed explanation of what happened.
Oakman wrote:
If so, good on you for taking the adult road, maybe there's hope for you, yet
:rolleyes: I remember negotiating my DSL bill from $35 to $19.99, and removing late fees from my credit card bill.
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Oakman wrote:
And eliminated all the charges?
Yes, and apologized with a lengthy detailed explanation of what happened.
Oakman wrote:
If so, good on you for taking the adult road, maybe there's hope for you, yet
:rolleyes: I remember negotiating my DSL bill from $35 to $19.99, and removing late fees from my credit card bill.
CSS_Shadow(); wrote:
I remember negotiating my DSL bill from $35 to $19.99, and removing late fees from my credit card bill.
Happens all the time - the outrageous stories about corporations screwing over their customers quite royally are true, of course, but they are important simply because they are rare.
Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.
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Christian Graus wrote:
How do you make money that you have cash that doesn't go through an account ?
When I worked at the waffle house they paid cash. It was nice receiving a stack of 20s from the boss every week.
Christian Graus wrote:
But, the right response is both to better yourself so you stop caring about an $8.00 fee
I am always dirt poor around this time of year, but once I get back on my feet I'm always better off than I was the year before when I was on my feet.
CSS_Shadow(); wrote:
I am always dirt poor around this time of year, but once I get back on my feet I'm always better off than I was the year before when I was on my feet.
Man, There is a pattern here. You must absolutely do what you can to break it. You said earlier in this thread that you kept meticulous records and receipts as it pertained to your bank. Try to inventory the decisions you have made and see how and where they take you "off of your feet." Be honest with yourself and start making monthly goals to get your self out of the pattern. This isn't about the bank or anybody else; you have got to take care of this stuff or you will almost always be an unexpected expense away from being broke. I don't mean to be judgmental with you. But, I know what it's like to be so poor you cant afford to keep the utilities turned on or buy shoes when you need them.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --?
modified on Saturday, February 7, 2009 11:00 PM
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Shog9 wrote:
Did you call the bank yet?
I sent an email with no reply. My phone uses minutes and I would end up wasting more money waiting on hold. I absolutely must have my phone.
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Has it possibly occurred to you that it might not be their fault that you can't add? And, evidently don't read all the details (fine print included) when you open the account...
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That's what I said. The people who earn enough that banks will lend to them, get charged fees and the banks should use that money to extend free services to you, is what you're saying.
Christian Graus Driven to the arms of OSX by Vista.
Banks don't lend only on earnings - they lend on assets. And, assuming the bank is not paying you interest on the money deposited, why wouldn't they fund my deposit account with the interest (not fees) charged those borrowing. In this case, the bank is being the 'middle man' in effect - brokering a loan. If I lend money I expect interest (unless it is to my brother in law, in which case I expect never to see it again). I lend money to the bank - they lend it to someone else at some level of interest. (Caveat - the original message has been deleted - which annoys the living bejesus out of me - so I may be basing my responses on something unrelated to the OP)
___________________________________________ .\\axxx (That's an 'M')
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Banks don't lend only on earnings - they lend on assets. And, assuming the bank is not paying you interest on the money deposited, why wouldn't they fund my deposit account with the interest (not fees) charged those borrowing. In this case, the bank is being the 'middle man' in effect - brokering a loan. If I lend money I expect interest (unless it is to my brother in law, in which case I expect never to see it again). I lend money to the bank - they lend it to someone else at some level of interest. (Caveat - the original message has been deleted - which annoys the living bejesus out of me - so I may be basing my responses on something unrelated to the OP)
___________________________________________ .\\axxx (That's an 'M')
Maxxx_ wrote:
assuming the bank is not paying you interest on the money deposited, why wouldn't they fund my deposit account with the interest (not fees) charged those borrowing.
Why on earth would they fund your account? The OP (who deleted his own post after realizing he was revealing too much personal info) was complaining that the back had inappropriately charged him overdraft fees, resulting in a negative balance.
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Maxxx_ wrote:
assuming the bank is not paying you interest on the money deposited, why wouldn't they fund my deposit account with the interest (not fees) charged those borrowing.
Why on earth would they fund your account? The OP (who deleted his own post after realizing he was revealing too much personal info) was complaining that the back had inappropriately charged him overdraft fees, resulting in a negative balance.
Rob Graham wrote:
Why on earth would they fund your account?
Well, I can deposit money at a number of places where interest is paid on the account. So, the banks want me to 'lend' them my money, I ain't going to pay for the privilege. As an incentive to save with them, the bank can give me reasonably free banking (i.e. no fees just for having the account, a reasonable number of transactions for free etc.) Personally, I don't pay bank fees. I shop around and get the best deal I can. The reason banks get away with charging fees is that (generally) people won't change banks, so put up with the fees they are charged. If the majority shopped around, and moved accounts if new fees were charged, banks would stop charging. The simple fact is that they make a huge amount of money through fees (something like AUD $5,000,000,000 in a year from Australian personal bank accounts - which equates to about AUD $240 per person per year (including children)) It does seem somewhat callous of a bank to charge a fee, take it from your account, leaving a balance that incurs an additional fee, which is then taken from your account... Sure you can read the fine print and be aware of the fees - but I have been in the situation where I overdrew by less than 50 cents, for less than 24 hours and attracted a fee of $25, which took me back into the red which incurred a further fee. (I called the bank, who cheerfully refunded both fees, so good on 'em for that) but this sort of situation an be extremely frustrating for customers - especially those on a low income. Some of the comments on here , I am sure, are from those who don't have to watch every cent - it's always easier to pay less fees if you have more money in your account - you can have a buffer against emergencies, which in itself can reduce your fees as some banks have a 'minimum balance' to reduce or eliminate fees) but when you're living at a level where your account hovers around zero much of the time, it's not so easy. I must say that, whenever this sort of situation has happened with me in the past - I have spoken (nicely) to the bank and asked them to waive the fee. Mostly they have. When they haven't I have taken a choice as to whether to keep the account or move it to another bank.
___________________________________________ .\\axxx (That's an 'M')
modified on Sunday, February 8, 2009 11:20 PM
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Banks don't lend only on earnings - they lend on assets. And, assuming the bank is not paying you interest on the money deposited, why wouldn't they fund my deposit account with the interest (not fees) charged those borrowing. In this case, the bank is being the 'middle man' in effect - brokering a loan. If I lend money I expect interest (unless it is to my brother in law, in which case I expect never to see it again). I lend money to the bank - they lend it to someone else at some level of interest. (Caveat - the original message has been deleted - which annoys the living bejesus out of me - so I may be basing my responses on something unrelated to the OP)
___________________________________________ .\\axxx (That's an 'M')
The bank doesn't work this way, they look to make money on both ends of the stick. And they sure as hell are not making money on the deposits of a guy who is overdrawn from time to time and never has $200 to his name.
Christian Graus Driven to the arms of OSX by Vista.