On Sat, 01 Oct 2011 12:10:00 -0400, Notat Home wrote:

Ron wrote:
On Sep 30, 2:50 pm, "Percival P. wrote:
On 09/30/11 02:22 pm, Ron wrote:









...

BoA heads up a cast of characters.

http://finance.yahoo.com/news/Bank-o...-5-apf-1381425
...

Picture Summary:http://oi54.tinypic.com/vx1amv.jpg

If my bank tries it, you can count me amongst the following:

This summer, an Associated Press-GfK poll found that two-thirds of
consum
ers
use debit cards more frequently than credit cards. But when asked how
the
y
would react if they were charged a $3 monthly debit card fee, 61
percent said they'd find another way to pay.

With a $5 fee, 66 percent said they would change their payment
method.

Yeah, let the assholes have to deal with a ****load of paper checks
again. What a crock!

...and you think per check fees will not become more rampant?!

Some banks/CU have a per check fee over a certain amount of checks per
month. Nothing prevents the "certain amount of checks" to be zero.

I can't even remember the last time I had check fees. I'm now with
Wells Fargo, formally Wachovia, formally First Union.

Our church is urging members to make contributions by EFT because
there's a per-check charge above 100 a month.

And the alternative some bank customers are talking about is credit unions.

Perce

Fortunately, I'm a USAA member, so if Wells Fargo tries to pull any of
that crap, I'll just take out all of my money and do my banking with
them.

USAA doesn't play those stupid games.

https://www.usaa.com/inet/pages/bank_main

Actually, USAA notified customers about a month ago that they were
ending the reward they pay for use of a debit card, because the idiots
in Washington have capped the swipe fees they charged merchants for use
of a debit card. Since the dunces cap applies to all debit cards, it is
hard to see how any bank or credit union will be able to avoid some sort
of charge, or reduction in service, to card users, they will just vary
in their approach.

....or they use the "free" card as a marketing tool. I'm certainly not about to
pay for a debit card.

The inescapable conclusion is that our government has chosen to reduce
costs for merchants, and to increase costs for card users. Perhaps they
dream that merchants will reduce their prices because of their reduced
swipe fee charges, but I don't know anyone who seriously believes that.

Which is silly, since they didn't do the same for CCs.

I do agree that USAA is an excellent bank, but banks are in the business
of making money, not losing it. Credit unions may not make a profit,
but they certainly cannot eat a loss.

There is more leeway, however.