| | Please!
Banks have been making money of customers forever. This is another way of forcing us to give them our money. $500 forever in your account or they charge you $12 a month? Really? Most people cannot keep that up.
By the way, there is no such thing as a customer which costs a bank money. They play with the OUR cash flow on a daily basis. OUR MONEY is the money they lend out. OUR MONEY is the money they INVEST to make PROFIT! It does not come from fees. If it did, Free Checking would never have existed in the first place.
If Banks had not been forced by Carter, who created, and passed laws to allow, those horrible housing groups to lend money to people who clearly could not pay them back, in order to buy a home, And Clinton, who expanded these laws, Americans would not be in this mess today.
And by the way, the goverment now owns the Banking system. You do remember the Bail-outs, right?
When Chase took over Washington Mutual they PROMISED to keep EVERYTHING the SAME.
Clearly they lied. Costumers have a right to take their business elsewhere.
If everyone takes their money out of Chase, no matter how much or little they have, Chase Bank will have to close their doors.
Banks want to blame new "consumer laws", in order to force more fees on us. But that is also a lie.
Now, Banks have Millions of dollars in Bail-out money, plus our daily cash flow, yet they are NOT lending money out. How is our ecconomy going to turn around, if all prices keep climing, every organization is charging more fees, local governments even want to charge people to enter parks, people are losing their homes, their jobs, and there is not enough cash flow in society because people are holding on to their money afraid of what tomorrow may or may not bring?
For those of you who need to close your Chase Bank Accounts: Most Banks will not charge until June or September.
Theres a couple of BANKS which WILL NOT CHARGE AT ALL for checking accounts. Research this online.