Quote :

"Citi ramps up checking account fees Some customers will be charged $20 a month if their balances dip below $15,000"

I love how they take money from people who don't have money. but the people with more than $15,000 they leave alone.

10/5/2011 1:17:21 PM

shit

who DOESNT have that kind of cash in their checking account.....

10/5/2011 1:18:08 PM

are you really that poor?

10/5/2011 1:18:50 PM

even with nothing official from Wachovia/wells fargo, I'm moving my shit to SECU.

10/5/2011 1:18:53 PM

$15,000 does seem a bit ridiculous. Something tells me that's for their "premium" checking accounts though and not regular Joe accounts.

^ Same. I'm sure Wells Fargo is going to roll out all sorts of ridiculous crap.

[Edited on October 5, 2011 at 1:19 PM. Reason : a]

10/5/2011 1:19:06 PM

Quote :

"shit who DOESNT have that kind of cash in their checking account....."

10/5/2011 1:19:17 PM

Why would you have $15k in your checking account? Unless it gets some sort of crazy interest return your money would do better sitting somewhere else.

10/5/2011 1:20:34 PM

Suntrust is doing the same thing in November

I just have an account for my sister and I to use if we ever need to send each other money (she's in ATL).

Bout to open up a USAA account for that purpose.

I bank with SECU on the regular tho.

10/5/2011 1:20:56 PM

I'm eying the materials from Wells Fargo - they said they've had it on "trial in select markets."

The day they roll out fees nationwide is the day I change banks. I've been on their Crown Account since I was 12.

10/5/2011 1:20:59 PM

Quote :

"are you really that poor?"

10/5/2011 1:21:40 PM

no i kid i kid. haha.

most mean thing I've done on tww in a while

10/5/2011 1:22:19 PM

Quote :

"Why would you have $15k in your checking account? Unless it gets some sort of crazy interest return your money would do better sitting somewhere else."

So that you're not charged $20 A MONTH?



$240 a year to rent a checking account. lol



@goldengirl:

[Edited on October 5, 2011 at 1:25 PM. Reason : .]

10/5/2011 1:23:17 PM

Quote :

"Why would you have $15k in your checking account? Unless it gets some sort of crazy interest return your money would do better sitting somewhere else. "

Ditto.

10/5/2011 1:29:32 PM

As usual switching banks isn't likely going to help because once one does it they will all end up doing it. Or they will also throw in a fee to close your account or some retarded shit like that.

10/5/2011 1:29:40 PM

I recommend ING. They actually pay you interest.

10/5/2011 1:30:13 PM

you may as well switch your money from savings all into checking b/c you're not gaining much from interest.

ya its prob cheaper than dishing out 240 a yr.

10/5/2011 1:31:31 PM

Thank god I keep most of my money in SECU. I really need to get the ball rolling on closing my Wachovia account.

10/5/2011 1:36:12 PM

Poor ppl ITT

10/5/2011 1:38:32 PM

Does USAA have any kind if Billpay solution?

10/5/2011 1:38:43 PM

Quote :

"The fees keep coming. Citi is the latest big bank to slap customers with a round of fee hikes. This time, on its checking accounts. Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000. At the same time, customers who have the bank's EZ Checking account will start being charged $15 a month if they don't carry a minimum balance of $6,000. Citi (C) says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee. Last month, Citi said it is hiking the fee on its Basic Banking account from $8 to $10. Customers will be able to avoid paying the $10 fee by either maintaining a minimum balance of $1,500 or by making one direct deposit and one automatic online payment through their checking account each month, said Citi. Currently, account holders must make five online transactions per month in order to avoid paying the fee and there is no minimum balance requirement. Citi's fee hikes come just days after Bank of America announced it would charge a $5 fee for debit card purchases. Wells Fargo, JPMorgan Chase, Sun Trust and Regions Financial have all also rolled out similar fees in select markets in recent weeks."

10/5/2011 1:40:15 PM

Quote :

"you may as well switch your money from savings all into checking b/c you're not gaining much from interest. ya its prob cheaper than dishing out 240 a yr. "

They'll still get you.

Lets say you moved all your money to savings....

You pay a $10 purchase with your checking account? How do you get your money in there without accruing a $20 $10 basic banking usage fee?

moving all your money out of your checking account only works if you use your checking account less than 1 time per month.

[Edited on October 5, 2011 at 1:41 PM. Reason : .]

10/5/2011 1:40:26 PM

Quote :

"Last month, Citi said it is hiking the fee on its Basic Banking account from $8 to $10. Customers will be able to avoid paying the $10 fee by either maintaining a minimum balance of $1,500 or by making one direct deposit and one automatic online payment through their checking account each month, said Citi. Currently, account holders must make five online transactions per month in order to avoid paying the fee and there is no minimum balance requirement."

still sounds free to me

i doubt many of you tards have their higher level accounts (or really have any value in doing so)

10/5/2011 1:42:18 PM

Quote :

"Bank of America announced it would charge a $5 fee for debit card purchases"

is that per transaction?

10/5/2011 1:42:21 PM

Quote :

"Citi's fee hikes come just days after Bank of America announced it would charge a $5 fee for debit card purchases. Wells Fargo, JPMorgan Chase, Sun Trust and Regions Financial have all also rolled out similar fees in select markets in recent weeks.""

So basically, don't put your money in a bank

^ I believe it's per month.

[Edited on October 5, 2011 at 1:42 PM. Reason : a]

10/5/2011 1:42:23 PM

Wow. Can't wait to see what banks pull next. Should be good.

Let me know when the revolution is, I'll bring the marshmallows.

10/5/2011 1:43:28 PM

@doubledown: Bank of America customers with basic checking accounts will be hit with a $5 monthly fee in order to use a debit card for purchases, the bank announced Thursday.

10/5/2011 1:44:20 PM

Quote :

"Let me know when the revolution is, I'll bring the marshmallows."

What revolution? We're starting to see that there no free lunch.

The free stuff we've been given turned from incentive to entitlement.

10/5/2011 1:45:36 PM

Quote :

"Something tells me that's for their "premium" checking accounts though and not regular Joe accounts."

!

10/5/2011 1:46:44 PM

can't get blood from a turnip

10/5/2011 1:46:48 PM

as crappy as first citizens is, at least they aren't charging me for stupid shit... yet.
and if/when that happens, I'll just switch over my checking to secu ($1/month is easily overcome even with the crappy APR on their checking accounts). i would have already moved my checking to secu if it weren't such a PITA to transfer all my autodrafts/direct deposit.

10/5/2011 1:49:41 PM

Doubledown, yes they do.

I like USAA, but their online portal stinks, much like SECU. Wachovia's is better, but I'm closing my account for a SECU account as well.

10/5/2011 1:49:47 PM

SECU must love when the big banks pull these stunts.

10/5/2011 1:53:55 PM

I just checked my dividend rate...


it's 0.15%


hahahahahahahha why the fuck even bother.

10/5/2011 1:54:27 PM

so, can just anyone join SECU yet?

I'm ready.

10/5/2011 1:54:42 PM

I'd like to know how so many people are eligible for a SECU account?

I thought it was limited to state employees (and the other, related categories


[Edited on October 5, 2011 at 1:56 PM. Reason : .]

10/5/2011 1:55:05 PM

So is the consensus that SECU is the best option to move your dollars to?

10/5/2011 1:55:31 PM

where the fuck am i gone put my monies?

10/5/2011 1:55:40 PM

Quote :

"I thought it was limited to state employees (and the other, related categories"

You can also get one if you're related to someone with a SECU account. I got one because of my husband, then my parents and sister were able to get one because of me.

Also, if you do work study at NCSU you can show them your paystub and get a SECU account, since that technically makes you a state employee. Learned that one after my work study ended

10/5/2011 1:58:43 PM

CFCU has a long list of eligible companies

^I know all that, that's why i said (other related categories). however, it just seems like a lot of people on here are with/say they're going to secu. i guess most at one point pulled a paycheck from ncsu, or their spouse/family.


point being, seems like a lot of people on here are eligible, which was surprising to me.

[Edited on October 5, 2011 at 2:00 PM. Reason : .]

10/5/2011 1:58:54 PM

^^^


One of these four banks... until they collude and take away all your money in more and more fees... oh wait.

[Edited on October 5, 2011 at 1:59 PM. Reason : -]

10/5/2011 1:59:03 PM

Yeah I'm actually LGFCU (part of SECU) and my family all has accounts because of me

10/5/2011 1:59:58 PM

Big fan of Coastal FCU and other small credit unions. No fees at all

10/5/2011 2:02:16 PM

^....yet.

10/5/2011 2:02:51 PM

Yeah, I bank with Coastal as well as SECU. Quite pleased.

10/5/2011 2:04:36 PM

Quote :

"Why would you have $15k in your checking account? Unless it gets some sort of crazy interest return your money would do better sitting somewhere else"

I got $37.60 in interest last month

10/5/2011 2:06:48 PM

where does BB&T fit into all of this? I've had an account with them and Coastal for forever

10/5/2011 2:07:49 PM

yeah I'm with Local Government Federal Credit Union as well (LGFCU) because of my Mom. I could get into SECU if my Dad wasn't a lazy ass. I did just realize I only get 1% on the Roth IRA I just opened up >_> Guess I'll switch that to Vanguard or something. Other than that I am very pleased with my bank.

10/5/2011 2:12:42 PM

^ heh you just reminded me I need to switch over my retirement stuff to TIAA-CREF

10/5/2011 2:13:50 PM

Remember when banks made money from making loans and collecting interest on those loans instead of charging people to spend money?

Good times man

10/5/2011 2:16:46 PM

I use Suntrust and although they are introducing fees, there are multiple ways to be exempted out. I meet two of them and will be able to maintain a premium account without worrying about a minimum balance. 1) if your account was opened via a promotion code from certain employers (ie my company has something setup with a lot of the banks for the premium accounts with no minimum balance) and 2) if you have a mortgage with them. I meet both of those so it won't affect me. Also, there are other things they have like if you have a car loan through them the minimum balance to maintain is lower, or if you use them for direct deposit and a certain number of e-bills etc. I got all this info from talking to my local branch to make sure I wasn't going to incur any fees with upcoming changes.

Yes all the fees that banks are introducing suck, but right now there are plenty of options a lot of people will have to still bank without fees if you actually look around. A lot of times they are "rewarding" for "loyalty" too (ie the mortgage, car loan, direct deposit). Obviously I use the terms loosely there but just giving people of an idea of things to keep in mind and questions to ask when figuring out which bank you want to use with upcoming changes.

[Edited on October 5, 2011 at 2:18 PM. Reason : ]

10/5/2011 2:16:58 PM