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<p>[QUOTE="CamaroDMD, post: 1262324, member: 5233"]This is becoming extremely common at banks today. I worked at US Bank a few years ago and they had the same policy...except it was $5 for any check more than $100. We were required to get a thumb print and charge a $5 fee. I personally thought it was corporate theft and a cheap way to make a buck. Nobody knew this, but I waved the fee more often than not because it was wrong. We were told to use it as a way to try and get new accounts (which sounded like extortion to me) and if they didn't want to open the account they weren't our customers and we should charge them.</p><p><br /></p><p>Banks have so many fees it's insane. Te account I opened there when I was an employee was a "free checking account" meaning as long as I didn't overdraw the account there were no fees (except if I bought checks). Well, I got a letter the other day saying that now there is a minimal balance fee...if the balance is below $2000 (it might be $1500...I can't remember). But for a student, that's a lot of money. The minute I graduate and no longer receive my living stipend through direct deposit...I'm closing every account I have with them and going to a credit union.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1262324, member: 5233"]This is becoming extremely common at banks today. I worked at US Bank a few years ago and they had the same policy...except it was $5 for any check more than $100. We were required to get a thumb print and charge a $5 fee. I personally thought it was corporate theft and a cheap way to make a buck. Nobody knew this, but I waved the fee more often than not because it was wrong. We were told to use it as a way to try and get new accounts (which sounded like extortion to me) and if they didn't want to open the account they weren't our customers and we should charge them. Banks have so many fees it's insane. Te account I opened there when I was an employee was a "free checking account" meaning as long as I didn't overdraw the account there were no fees (except if I bought checks). Well, I got a letter the other day saying that now there is a minimal balance fee...if the balance is below $2000 (it might be $1500...I can't remember). But for a student, that's a lot of money. The minute I graduate and no longer receive my living stipend through direct deposit...I'm closing every account I have with them and going to a credit union.[/QUOTE]
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