Banks definitely seize your money. When I was a young teenager my parents encouraged me to put my lawn mowing money in a bank account. I had a total of $100.00! We went over to Bank of America and I opened up an account and deposited my hard earned cash. A month or two later I tried to withdraw some cash and was told I had no money. My full $100.00 had been consumed by insufficient balance fees.

A valuable if painful lesson to learn. I still do all my personal banking with a credit union and consider my relationship with banks to be adversarial. They only own my debt, never my cash.

> A month or two later I tried to withdraw some cash and was told I had no money. My full $100.00 had been consumed by insufficient balance fees.

Is that an exaggeration? It amounts to $100 or $50 a month in "low balance fee"!

All the banks I've looked at had a fee under $10.

I think it may have been more than a couple of months, IIRC the fee was $20.00. This was a very long time ago.

This is like saying Amazon seizes your money because you have to pay for their monthly service fees you agreed to when signing up for the service.