Showing posts with label debit. Show all posts
Showing posts with label debit. Show all posts

Friday, November 04, 2011

B of A questions

I don't usually go to Bank of America, but last week I decided I wanted to do a transaction in person. As I entered the bank, I saw they had placed a large tripod in the middle of the bank with a camera facing towards the customer line and the tellers. This was in addition to the numerous cameras that hang every few inches over the ceiling and walls. It was a very uncomfortable experience because I felt that the bank was expecting a problem and I did not want to be there when it happened. A couple of days later I was notified Bank of America was transferring some of its debt to another bank. The bank has been threatened with a mass exodus of accounts because of the continual increase in banking fees. I decided to check B of A's stock prices and they were around $6.50.
The question is, are B of A executives getting ready to take the money and run? How affected will B of A be by the global financial plunges, such as seen with the Euro and Greece's problems? I feel B of A is hiding some important information that will probably hurt all Americans financially. I hope not, but time will tell.

Wednesday, November 02, 2011

B of A retracts

Good going! Bank of America has now stated it will  NOT charge a $5 monthly fee for using its debit card. We won this one, but the hungry tiger will be back. Caution.

Sunday, October 02, 2011

Bank of America complains it needs more money

Bank of America states it wants to squeeze more money from Americans and those who chose to use that bank's debit card. Now, that they are entangled with B of A, B of A wants to close the noose. They want to charge $5.00/month for using the debit card and many customers find other unwarranted fees slipped onto their monthly bank statements. Check those statements every month.

I say fight back. Drop the debit card. Read all bank correspondence and if the bank will not drop the fees, move your account to a place like Allied Bank. Don't use ATM's. Pay off your credit cards. As a nickel-and-dime protest, go into the bank everyday and drink their coffee for free. Five cups of coffee a month will equal the cost of five McDonald's coffees and erase the effect of the debit fees on your finances. The coffee protest is more of a visual protest.