Alex
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Banks do not just make money via a diversified portfolio. They make money from charges. It is in their best interests to ensure that you are in debt, especially to them. They can then make money on the interest and charges.
During the collaps in property prices, one of my lecturers, who was working on his doctorate, got to interview one of the heads of a UK bank and he addressed the question of all of these people losing their homes.
The Interviewee just shrugged. He stated that, whether the property was reposessed, or continued to be paid for was irrelevant. In either event the bank would make money. |
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n3wjl
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Simpley put because they can and they make a lot of money doing it! I hate it when they try to put the check through twice and nail you two times for $25 or more! Some banks make more on fees than on anything else. |
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smoochy
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i know exactly what your saying i just got one yesterday right after seven hundred dollars was desposited in my bank account. they can't wait just one more day.? . geeze. but commerce gives you time so we're switching...REGIONS sucks! |
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Elle J Morgan
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I found bankruptcy was a better solution !! |
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bigandy1005
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because they are in the business of making vast amounts of money and don't care who they rip off in the process. |
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MGN2006
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Because they are greedy tw*ts |
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lexie1
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Banking is free if you run you account properly. The charges that banks make are both admin fees but also to encourage you to ensure there are funds to cover any payments. Depending on what type of payment is going to come out of your account the bank will not know about it until it actually debits so they would not have known there were insufficient funds.
Call the bank and ask for the charge back depending on your situation they might give it back to you but you will have to ask. |
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derek
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Just be glad they don't call the sheriff.
Writing hot checks is against the law.
You should ask your bank what their policy is regarding check processing. It is your responsibility to find the bank that works best for you. |
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teddybear
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Because they are greedy! Even when you do have funds, have you noticed the measly interest rate, compared to the interest they charge when you go over-drawn? |
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iswd1
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Because it is 100% your job to make sure there is enough money in your bank account. Not them.
If you write a check, they have to work to find out if there is money or not in there, notice there isn't, send the check back to the retailer/whoever you wrote it to, send a note to you telling you there were no funds, and punish you for trying to write a check without having the money in there.
As I said, it is your job to be responsible and know at all times how much money you have so that this doesn't happen.
Consider making a savings account and having it used for overdraft protection. Most banks do allow for that. |
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Jenny
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Nothing like kicking you when you're already down. They are in the business of making money, so any chance they get to charge you, they do. |
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Joe K
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Because they know that you will eventually have the money. |
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frontera2
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I'm not clear on what you mean? More details would be useful.. To my knowledge, unless you have a premium account, you dont get charged a fee if your account has a zero balance..
As I say, more details will get better responses! |
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babyeddieuk
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Because they are a business and need to make money where they can.
Unfair but true. They decide that they just look after our money, they aren't our accountants. |
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phillipa
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this is so irritating my bank will charge me £30 for being 15p short in my account i don't think they do it like this in other country's |
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michelle a
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Then they charge you the interest on the amount you go over drawn by, which would have been much less if they had not taken a big chunk out! Talk about take whats not there!
Its because they are greedy fat cats!!! |
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