Banks now charging fees for services they've offered for free, for decades
I've had free checking through my credit union for 16 years... until this month. I call them & they say if I'm calling about the new monthly fee its because I haven't enrolled in electronic statements. So apparently they will charge over 10 times the price of a stamp ($5) to mail you your statement now. When I called, their phone message said they notified people with their June (or maybe July) statement. I keep everything mailed from them except the lame newsletter they send (which is just a flyer advertising more of their services) and I didn't see anything. Funny thing - if you go in and request a print-out, they only charge $2. With prices like that, Kinko's is in no danger of going out of business. Regarding that charge I sent my bank the following through their website:
"I looked through my past correspondence from you regarding this new "fee" as the phone message stated, and unless the notice was in an issue of Currency (which I never read because it never has any information pertaining to me) I did not get it. I guess that's what I get for 16 years of free checking and & never reading the newsletter. I can imagine the credit union raked in a lot of money from this new fee... enjoy and don't spend it all in one place."
"I looked through my past correspondence from you regarding this new "fee" as the phone message stated, and unless the notice was in an issue of Currency (which I never read because it never has any information pertaining to me) I did not get it. I guess that's what I get for 16 years of free checking and & never reading the newsletter. I can imagine the credit union raked in a lot of money from this new fee... enjoy and don't spend it all in one place."