Banks have gotten pretty creative over the past 8 years. Of course, with little or no regulation they have had a field day with our money.
Savings interest rates are quite amusing, actually. With interest rates so low, your bank would be looking like this poor pig if you were making any attempts to save money.
I don't understand why laws have to be passed after deregulation. For those of you young ones who think credit cards and home equity loans are savings, I've got news for you-people used to actually put real money in the bank and save it. Credit cards and loans were considered last resorts.
What I really like now days is how banks charge you for just about everything.
My beef is the definition of a bank hours.
Do you know if you deposit money in your account(real cash) when the bank opens and you have money taken out to pay bills on the same day, the bank can charge you overage fees?
They claim the bills came in first, and your money wasn't there-even if you walked in the door at opening and deposited it.
I have a beef with that-because Bank of America will tell you if you deposit money in the bank after a certain time of day it won't be posted until the next day. Yet they can take money out of your account at any hour.
I say we should have the same banking hours as our accounts. If our money is deposited on the 5th, and our bills are paid on the fifth we should have the same hours.
You see, now the banks go by what time each comes in, Yet some banks won't credit your deposit until the nest day.
With computers there is no excuse for it.
I have a real issue with this and this old lady is going to take it up with the powers that regulate banking and make a point.
More and more we have such little control over how and when things are done. It didn't used to be that way when customer service was a priority. Now you take your chances and business reigns king.
That's gotta go..
