Money matters
I find the thinking of financial institutions to be absolutely mind-boggling. For example, overdraft fees. Rather than refuse a check because you haven't sufficient funds in your account, the bank will clear the check, leaving you a zero balance and then charge you MORE OF WHAT YOU DON'T HAVE in the way of fees leaving you even further in the hole. This never made sense to me. If I don't have the money, then I certainly can't afford an extra $25 in fees!
Fortunately, I've not been responsible for any overdrafts recently, but here's another example. Until last month, I was getting regular ACH deposits that essentially looked like paychecks. And considering what some people who live and work in the valley make, these were not very big deposits at all. (I'm not complaining, I'm very grateful for the allowance I get, I'm merely putting it out there for the perspective the bank would be seeing.) So, when those deposits stopped, it would imply that I wasn't actually working/making money, yes? So why does it make sense to a bank to begin charging me a monthly maintenance fee because I'm NOT making deposits? Umm... hello? You're taking MORE OF WHAT I DO NOT HAVE because I don't have money? This never made sense to me.
I truly hate banks. I only go inside when I absolutely have to, and ninety percent of the time I come out feeling either suicidal or homicidal. Don't get me wrong, I'm not going to kill anyone, least of all myself, it's just how I'm left feeling. Money is such a huge source of stress for everyone, and bankers math only makes it worse. How do banks help us "manage our money" if their idea of managing it is taking it away when funds are already tight?
/rant
Fortunately, I've not been responsible for any overdrafts recently, but here's another example. Until last month, I was getting regular ACH deposits that essentially looked like paychecks. And considering what some people who live and work in the valley make, these were not very big deposits at all. (I'm not complaining, I'm very grateful for the allowance I get, I'm merely putting it out there for the perspective the bank would be seeing.) So, when those deposits stopped, it would imply that I wasn't actually working/making money, yes? So why does it make sense to a bank to begin charging me a monthly maintenance fee because I'm NOT making deposits? Umm... hello? You're taking MORE OF WHAT I DO NOT HAVE because I don't have money? This never made sense to me.
I truly hate banks. I only go inside when I absolutely have to, and ninety percent of the time I come out feeling either suicidal or homicidal. Don't get me wrong, I'm not going to kill anyone, least of all myself, it's just how I'm left feeling. Money is such a huge source of stress for everyone, and bankers math only makes it worse. How do banks help us "manage our money" if their idea of managing it is taking it away when funds are already tight?
/rant