Posted August 28, 2009 - 12:00 by Philip Brewer
Personal Finance
I don't pay any bank fees, except rental on my safe deposit box. That leaves me of two minds about the fees. On the one hand, I feel bad because the fees tend to fall hardest on the people who can afford them the least--the poor, the ignorant, the stupid, the careless, the lazy, and the unlucky. On the other hand, the fees other people pay help cover the costs of the many free services that I get from the bank.
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Posted July 2, 2008 - 12:38 by Andrea Dickson
Credit Cards
Have good credit? A low APR on your credit cards? Always pay your bills on time? That's not going to stop your credit card company from jacking up your rate whenever they feel like it.
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Last week, I closed a no-maintenance-fee account because I was charged a hefty you-haven’t-deposited-any-money-lately fee a/k/a dormant account fee. I offered to make a deposit in exchange for a fee waiver; no way was the response. I closed the account. Reading the business section a few days later, I learned that this bank finally reported higher earnings primarily due to…increases in fee income.
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