More 'fun with banks'

[melchar]

So Bank of Atrocity* will start charging debit card holders $5 a month to use their cards 'only for non-ATM transactions'. The report says other banks are prepared to do the same. Yup. My cynical side has been expecting this ... since debit cards were introduced. I was guessing it would take about 15 years to institute - and it's been juuuust about that long [closer to 20 years]. Give folks a 'generation' of use, then start charging.

I wonder how many sheeple will stop using debit cards & remember that checking accounts still exist/only use the ATMs/or actually just walk in to do inside-the-bank transactions. Cynicism opines 'very few' will so do.


[* BoA has directly messed up bank balances for/charged wrongly/arranged erroneous overdrafts on/mistakenly foreclosed upon/ignored their own rules for lending - on more of my friends and family than any other bank or banks put together, so I am rather put out with them.]

Comments

[seawasp]

You're the head of BoA. The Board of Directors and Stockholders determine your continuing vast income. You have the option to

1) Reduce profit margins in a way that benefits the little guy, or
2) Charge fees that maintain or increase your profit margins.

Which one is the best course to prevent Stockholder and Board protests and keep your job?

[kimberlywade.livejournal.com]

Since i'm a decent human being, i suggest a cut to my $100 millions yearly salary, but that's not really an option is it?

[seawasp]

Oh, you're such a kidder. Wait, you're SERIOUS? Okay, you're such a naive waif, we need you to understand the facts of life...

[kimberlywade.livejournal.com]

Ha, ha, love that userpic! :)

[seawasp]

So do I. It's a reference to a series of parody commercials for a super-energy drink called "Powerthirst", which takes all the ads ever done for such energy drinks and turns them Up To Eleven. I think it's in the second one that they use that line, when some guy lost in the desert/on a desert island whines "why have you forsaken me?" and the Overly Loud Announcer bellows, "*CAN* IT! When God gives you lemons you FIND A NEW GOD!" (picture of Jesus and a new flavor bottle) "GODBERRY -- KING OF THE JUICE!"