New Fees & Higher deposits Req. Tougher rules at the bank
Well I suppose it had to happen sooner or later. I don't like it but it is what it is.
I am one of those guys who has accounts at almost all the banks around town so I can answer that question "Do you have an account with us" with a yes.
So I open my statement that came in the mail last week and there is a NOTE:
Your account is being changed from Free checking to convenience checking. futher more there will be a $9.95 monthly fee if your account balance falls below $500 at any given time during the month or have at least $100 a month in direct deposits.
This account is with my dump bank, so I ponied up, but the req. prior to this lastest change (supposedly driven by the Federal reserve rules and regulations or someting like that) was to have at least 1 transaction with in a 60 day period deposit or withdrawal and that's it.
When I talked to the bank employee she said all the banks will be moving in this direction.
What am I going to do I have a dozen accounts and maintain less than $50 in most of them. Looks like my free reign on the banks is nearing an end.
Anyone else getting this?
Mojo
Well I suppose it had to happen sooner or later. I don't like it but it is what it is.
I am one of those guys who has accounts at almost all the banks around town so I can answer that question "Do you have an account with us" with a yes.
So I open my statement that came in the mail last week and there is a NOTE:
Your account is being changed from Free checking to convenience checking. futher more there will be a $9.95 monthly fee if your account balance falls below $500 at any given time during the month or have at least $100 a month in direct deposits.
This account is with my dump bank, so I ponied up, but the req. prior to this lastest change (supposedly driven by the Federal reserve rules and regulations or someting like that) was to have at least 1 transaction with in a 60 day period deposit or withdrawal and that's it.
When I talked to the bank employee she said all the banks will be moving in this direction.
What am I going to do I have a dozen accounts and maintain less than $50 in most of them. Looks like my free reign on the banks is nearing an end.
Anyone else getting this?
Mojo
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