Comments on: Outrageous bank fees jump the shark

By: Todd

Todd — Thu, 27 Sep 2007 06:47:00 +0000

great post tom. i think one of the lessons here is to not take any crap from banks. if i’m getting reamed with fees like that…i’ll leave the bank, pure and simple. just because a couple of the big banks are doing it, doesn’t mean the bank up the street isn’t. competition is a wonderful thing. 🙂

By: Tom McKay

Tom McKay — Mon, 18 Jun 2007 23:29:00 +0000

Sure, banks and CUs have the right to raise fees — even when they’re embarrassed to have them revealed to the public. Consumers also have the right to close their account and walk away if they don’t like them. Which is what I’d do in this case.

There are fees which are justifiable. And there are those that are petty or make your business look silly. Or cheap.

By: Anonymous

Anonymous — Mon, 18 Jun 2007 22:50:00 +0000

Credit Union has right to raise fees, invent new ones and prevent you to avoid fees. It getting more costly to operation credit union and even more for bank. The good thing about Credit Unions is any and all fees go back to the Credit Union members minus operating expenses. If you want to avoid fees, learn to manage your account better and avoid doing thing that incur fees. Otherwise, fees will return to those are responsible in managing their account. More fees will been better interest rates and lower loan rates.