Message:

<p>[QUOTE=&quot;gboulton, post: 1024301, member: 27043&quot;]One might wonder why you&#039;re still with them then.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>The point, however, was really meant to be more &quot;generic&quot; if you will.</p><p><br /></p><p>Why do banks charge overdraft fees?&nbsp; Because they can.&nbsp; Given the ABILITY to do so, people will quite HAPPILY pay an outrageous fee LATER in order to write that check TODAY.&nbsp; never mind the fact that they don&#039;t actually have the money.</p><p><br /></p><p>Why charge for Debit/ATM card use?&nbsp; Because they can.&nbsp; People will quite happily pay 2-4% or more to get to their OWN MONEY because they can&#039;t be bothered to go to a local branch, or plan in advance to have cash on hand, or do without until tomorrow.</p><p><br /></p><p>Why charge for a checking account?&nbsp; Because they can.&nbsp; People can&#039;t be bothered to shop around, and find out that bank of MyTown offers the same account for free, but not quite as many ATMs. (See above)</p><p><br /></p><p>In general, Americans will pay through the nose for &quot;convenience&quot; and will frequently go into debt to do it.</p><p><br /></p><p>BoA and the like survive on this principle.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in