So their profit is down. Oh the boogyman of regulation is creeping into the closets of the people who run these banks, and is going to steal their pillow. Oh I feel so sorry for them, I mean god forbid that their profit isn't however many hundreds of millions of dollars a year, because they can't charge all these fees.
Look, I am all for responsibility, but one bank I dealt with, we will call it Patriot Bank, would bust you if you overdrew your account. That was fine, except they would bounce a check if it was one red penny over what you had, fine you $35, take the money out of your account paying what was over drafted, and taking the $35, out of the account incurring another $35 fee. Grand total for one bad check was $70. One other trick this bank pulled, and I know many banks will do this, they would debit your account before crediting a deposit, lots of overdraft fees in doing that. Good luck if it was an error on their part, you still had the privilege of paying those fees.
no subject
Look, I am all for responsibility, but one bank I dealt with, we will call it Patriot Bank, would bust you if you overdrew your account. That was fine, except they would bounce a check if it was one red penny over what you had, fine you $35, take the money out of your account paying what was over drafted, and taking the $35, out of the account incurring another $35 fee. Grand total for one bad check was $70. One other trick this bank pulled, and I know many banks will do this, they would debit your account before crediting a deposit, lots of overdraft fees in doing that. Good luck if it was an error on their part, you still had the privilege of paying those fees.