Grr, just received a statement from my business account bank, on it are charges for cash withdrawals and handling charges for cheques paid in and a handling charge for managing my account!
Ok the charges are fairly minimal but what REALLY gets me is they pay just 0.75% interest on my business account, so they are making money on any of MY money that sits in that account and then they want to charge me to withdraw MY money as well... Screw that time to change banks, there are loads of free banking for the first 12 months offers out there, I guess I will just have to keep changing from bank to bank if they all have this pathetic structure.
Rant over but it still hasn't calmed me down I am literally seething!
Well to be honest I do not even know what that is although is that a US thing rather than a UK one?
I mainly only really need a bank to transfer money from my payment gateway provider to me and to cash customers cheques, I could do without the credit card and every other service they say I am paying for...
Well to be honest I do not even know what that is although is that a US thing rather than a UK one?
From what I've heard on the BBC lately, Credit Unions operate rather like Building Societies -- there are no shareholders other than the depositors themselves. Basically, a group of people agree to place deposits into a common pool, from which some members can borrow, and the interest they pay is used to run the business and pay (less) interest to the non-borrowing depositors -- it's a mutually-owned, non-profit bank.
Same here but I dont' get the interest. I get 200 transactions a month for free - a deposit is 2 transactions (at least) - the deposit itself and any items on the deposit. I got $60 in fees back in May when I shot a soccer league and had 200 some odd checks to deposit.
And they'll also charge me TO DEPOSIT CASH! Yes, you read that right. Any cash deposit of $500 or more is assessed a fee (a penny per hundred dollars or something small, but still...)
So you may be paying to get your money back, I'm paying to GIVE it to them!
I withdrew 80 dollars the other day and I was charged 3.50 from the ATM and another 1.50 from my bank, and I have one of those plans where everything is paid so I don't get any charges whatsoever.
I want to burn banks to the ground, any takers? Art?
Art, I would think with fuel prices these days, you would be cutting back on the torch burning villages. If not , you should it makes financial sense you know. Save it all up for one big glory bonfire!!!!!!!!!!!!
All those people that give me 1's come to mind! =\
Well to be honest I do not even know what that is although is that a US thing rather than a UK one?
From what I've heard on the BBC lately, Credit Unions operate rather like Building Societies -- there are no shareholders other than the depositors themselves. Basically, a group of people agree to place deposits into a common pool, from which some members can borrow, and the interest they pay is used to run the business and pay (less) interest to the non-borrowing depositors -- it's a mutually-owned, non-profit bank.
Thanks, General :)
Mark, here's a wikilinky about UK credit unions; hope it helps.
We've run through most of the big banks here (Canada) over the years and finally switched to a credit union a few years ago. I wish we'd done it long ago!
