Re:The Real Reason The Poor Go Without Bank Accounts
by jmadsen on Sunday September 22, 2013 @07:27AM
(#6426447)
banks are among the slimiest for finding ways to run up fees on you - I believe it must be their primary source of income these days.
It's not just the US - as patio11 knows, here in Japan, the banks charge you a "convenience fee" for using the ATM when the bank isn't open.
Using an ATM vs a teller actually SAVES them money. This is the most ballsy thing I've ever seen, and exists only because most Japanese don't realize it isn't normal
Re:The Real Reason The Poor Go Without Bank Accounts
by jes on Sunday September 22, 2013 @12:48PM
(#6427083)
If you were the bank, would you set your fees based on cost plus a reasonable profit, or would you set your fees based on what your customers were willing to pay?
It's not just the US - as patio11 knows, here in Japan, the banks charge you a "convenience fee" for using the ATM when the bank isn't open.
Using an ATM vs a teller actually SAVES them money. This is the most ballsy thing I've ever seen, and exists only because most Japanese don't realize it isn't normal