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Squeeze the Poor

post #1 of 28
Thread Starter 
Citibank to start charging $10 and $20 monthly fees for not maintaining a minimum balance.

Bank of America institutes a $5 debit card use fee for basic account holders with small balances.

Wells fargo is testing a $3 debit card fee if one doesn't maintain a minimum balance or have direct deposit.

Soak the rich? Bullshit. Squeeze the poor is what's happening. Don't have much money? No problem, let me charge you for not having enough money. That should help.

Get your money out of the hands of these heartless bastards. The Move Your Money Project can help you find a local bank or credit union that won't fuck the poor.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
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“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #2 of 28
Class (pun unintended) action against bank fees begins in Australia:

http://www.abc.net.au/news/2011-10-0...ction=business
post #3 of 28
This is plain common sense. Businesses treat their good customers better than their bad customers.

If somebody doesn't like the fees in a particular bank, then they are free to switch to another bank, nobody's stopping them.

A customer who keeps a healthy balance in a bank account should pay less than somebody else who keeps almost nothing in their account. I have no interest in subsidizing freeloaders and people who keep 6 dollars in their account.

And the minimum balance to keep is not that high, so if a poor person really puts their mind to it, I'm sure that they can accomplish it. A lot of poor people also seems to be obese, so I believe that skipping a meal or two would only do them good.
post #4 of 28
Thread Starter 
Quote:
Originally Posted by Apple ][ View Post

This is plain common sense. Businesses treat their good customers better than their bad customers.

Rather telling how you define poor people as bad customers. If you have money, you are treated well in this society. Roll out the red carpet. If you don't have much money, there's a fee for that.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #5 of 28
Quote:
Originally Posted by BR View Post

Rather telling how you define poor people as bad customers. If you have money, you are treated well in this society. Roll out the red carpet. If you don't have much money, there's a fee for that.

Of course poor people make for bad customers. If somebody sane were running a business for profit, would they rather have poor customers or rich customers? The answer is fairly obvious.
post #6 of 28
Thread Starter 
Quote:
Originally Posted by Apple ][ View Post

Of course poor people make for bad customers. If somebody sane were running a business for profit, would they rather have poor customers or rich customers? The answer is fairly obvious.

Ethically, charging poor people for not having enough money is reprehensible.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #7 of 28
Quote:
Originally Posted by BR View Post

Ethically, charging poor people for not having enough money is reprehensible.

I see it as basic economics and it's little different from what Apple does. Apple has plenty of cash on hand and they are able to use this to their advantage to secure cheaper parts.

Somebody who has 100k to open up a new bank account, is going to be treated better than somebody who walks into the same bank looking to open an account with 10 dollars.

I have no problems with this, because I understand the concept of common sense.
post #8 of 28
Thread Starter 
Think about the people. You are charging a fee to poor human beings because they are struggling to make ends meet.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #9 of 28
Quote:
Originally Posted by BR View Post

Think about the people. You are charging a fee to poor human beings because they are struggling to make ends meet.

I am sorry, but I am not susceptible to socialist type propaganda.
Poor is not just a financial indicator, but I also believe that it is a state of mind.
post #10 of 28
Thread Starter 
Quote:
Originally Posted by Apple ][ View Post

I am sorry, but I am not susceptible to socialist type propaganda.
Poor is not just a financial indicator, but I also believe that it is a state of mind.

Those who share your ideals seriously lack empathy.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #11 of 28
Quote:
Originally Posted by BR View Post

Those who share your ideals seriously lack empathy.

Then somebody who shares your ideals should open up their own branch of banks, which caters exclusively to poor people and charges them little or no fees. Nobody is stopping anybody from doing that.
post #12 of 28
Thread Starter 
Already addressed that in the first post. That doesn't make you and your corporate overlords any less heartless and inhuman.

http://moveyourmoneyproject.org/

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #13 of 28
Quote:
Originally Posted by BR View Post

Citibank to start charging $10 and $20 monthly fees for not maintaining a minimum balance.

Bank of America institutes a $5 debit card use fee for basic account holders with small balances.

Wells fargo is testing a $3 debit card fee if one doesn't maintain a minimum balance or have direct deposit.

Soak the rich? Bullshit. Squeeze the poor is what's happening. Don't have much money? No problem, let me charge you for not having enough money. That should help.

Get your money out of the hands of these heartless bastards. The Move Your Money Project can help you find a local bank or credit union that won't fuck the poor.

No link about the new round of government regulations and their costs that the banks are blaming for the fees? I guess that little fact wasn't worth mentioning.

Why are all the BIG banks doing this while all those nice small banks, and credit unions not doing this? It must be pure altruism right? No, in reality it is the fact that all banks under $10 billion in size are exempt from the legislation.

Try getting the facts next time before you spread crap and then lash at anyone who doesn't buy that bullshit.

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

Reply
post #14 of 28
Quote:
Originally Posted by trumptman View Post

No link about the new round of government regulations and their costs that the banks are blaming for the fees? I guess that little fact wasn't worth mentioning.

Why are all the BIG banks doing this while all those nice small banks, and credit unions not doing this? It must be pure altruism right? No, in reality it is the fact that all banks under $10 billion in size are exempt from the legislation.

Try getting the facts next time before you spread crap and then lash at anyone who doesn't buy that bullshit.

So in the 1990s, when there were far MORE government regulations, banks were able to host accounts without overcharging. Now that there are FEWER regulations, they suddenly can't afford it. Gee, Zeke, you got you some smarts!!!
post #15 of 28
Quote:
Originally Posted by BR View Post

Ethically, charging poor people for not having enough money is reprehensible.

Nobody is charging anyone for "not having enough money", or for "being poor".

Why use a bank to begin with if you're living paycheck to paycheck??? Stash your cash under the mattress (or find one of those "friendly" local banks.)

There's no NEED to have a bank account at all, it's just marketing that they've fallen prey to. If they don't want to pay the fees, then don't use the bank!!!
From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
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From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
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post #16 of 28
Quote:
Originally Posted by Apple ][ View Post

This is plain common sense. Businesses treat their good customers better than their bad customers.

If somebody doesn't like the fees in a particular bank, then they are free to switch to another bank, nobody's stopping them.

A customer who keeps a healthy balance in a bank account should pay less than somebody else who keeps almost nothing in their account. I have no interest in subsidizing freeloaders and people who keep 6 dollars in their account.

And the minimum balance to keep is not that high, so if a poor person really puts their mind to it, I'm sure that they can accomplish it. A lot of poor people also seems to be obese, so I believe that skipping a meal or two would only do them good.

Why the last sentence? Obesity in poorer people many times has a lot to do with cheaper food makes you fat and less to do with overeating. You come off like a jerk. \
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
post #17 of 28
Quote:
Originally Posted by NoahJ View Post

You come off like a jerk. \

Ya think?

It took you that long? You didn't see his first PO posts on the Algore thread?
post #18 of 28
Thread Starter 
Quote:
Originally Posted by tonton View Post

Ya think?

It took you that long? You didn't see his firs PO posts on the Algore thread?

At least Apple ][ isn't being hypocritical. He both says and votes like he doesn't give a shit about other people. On the other hand, folks like Noah say they care but vote like they don't.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #19 of 28
Quote:
Originally Posted by NoahJ View Post

Why the last sentence? Obesity in poorer people many times has a lot to do with cheaper food makes you fat and less to do with overeating. You come off like a jerk. \

No, it has to do with choices that they make.

If somebody eats at places like McDonalds every single day, I know it's shocking but, they just might end up fat, no matter how much or how little money somebody has in their wallet. I judge everybody equally, it sounds like you are making excuses for poor people.
post #20 of 28
Quote:
Originally Posted by tonton View Post

So in the 1990s, when there were far MORE government regulations, banks were able to host accounts without overcharging. Now that there are FEWER regulations, they suddenly can't afford it. Gee, Zeke, you got you some smarts!!!

You're welcome to show how those particular regulations dealt with debit card use. I seem to recall in the 1990's not every place in existence had the ability to let you pay with your bank card acting as a credit card. Us dinosaurs back then had to carry around this thing called CASH that we went and got from an ATM with our bank card that had no VISA or MASTERCARD logo. If all the banks can just afford it and there really isn't any money associated with the legislation, why did they exempt small banks from the requirement?

Finally most checking accounts I recall from that period did not offer free checking. There was usually a monthly fee associated with it, again unless you guaranteed a certain amount of business. There were always free savings accounts but to get free checking you had to open a line of credit, etc. to avoid the fee. This is the exact same requirement from the banks but now for debit card instead of checking use because obviously there are far fewer checks being written now.

Quote:
Originally Posted by BR View Post

At least Apple ][ isn't being hypocritical. He both says and votes like he doesn't give a shit about other people. On the other hand, folks like Noah say they care but vote like they don't.

Anyone who votes for Democrats obviously doesn't give a crap about poor people. Their collection of victim classes, race hustlers and crony capitalists have spread more pain, hate, poverty and suffering around the nation than any other group.

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

Reply

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #21 of 28
Quote:
Originally Posted by BR View Post

Citibank to start charging $10 and $20 monthly fees for not maintaining a minimum balance.

Bank of America institutes a $5 debit card use fee for basic account holders with small balances.

Wells fargo is testing a $3 debit card fee if one doesn't maintain a minimum balance or have direct deposit.

Soak the rich? Bullshit. Squeeze the poor is what's happening. Don't have much money? No problem, let me charge you for not having enough money. That should help.

Get your money out of the hands of these heartless bastards. The Move Your Money Project can help you find a local bank or credit union that won't fuck the poor.

The old saying is the rich get richer and the poor get poorer and the middle class simple vanishes. You are correct this is bullshit completely.
post #22 of 28
Quote:
Originally Posted by trumptman View Post

No link about the new round of government regulations and their costs that the banks are blaming for the fees? I guess that little fact wasn't worth mentioning.

Of course not, because being a liberal, he doesn't understand how business works and how government actions affect their behavior.

Quote:

Why are all the BIG banks doing this while all those nice small banks, and credit unions not doing this? It must be pure altruism right? No, in reality it is the fact that all banks under $10 billion in size are exempt from the legislation.

School's in session, BR!

Quote:

Try getting the facts next time before you spread crap and then lash at anyone who doesn't buy that bullshit.

Class dismissed!
I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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post #23 of 28
Quote:
Originally Posted by BR View Post

At least Apple ][ isn't being hypocritical. He both says and votes like he doesn't give a shit about other people. On the other hand, folks like Noah say they care but vote like they don't.

You don't know how I vote. You don't know me except for the little I show here. And your declarations to the opposite don't make it any more true now than it has in the past.
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
post #24 of 28
Quote:
Originally Posted by Apple ][ View Post

No, it has to do with choices that they make.

If somebody eats at places like McDonalds every single day, I know it's shocking but, they just might end up fat, no matter how much or how little money somebody has in their wallet. I judge everybody equally, it sounds like you are making excuses for poor people.

Believe me, I understand personal choices. My kids beg for McDonalds (actually they used to, now they don't because I always refused) and we would choose other locations like Burgerville where the food is better, but way more expensive. However, all fast food, no matter where you eat makes you fat if you eat it all the time. However, even if you store buy foods, the foods that cost less generally are less healthy processed crap. And many of those same parents also make another poor choice by showing love with sugar. Raising 3 kids I know how tough it is. I am not poor, but I was raised in a very poor family. I know the trade offs. We ate healthy for the most part, but the sacrifices were hard, and most families are unwilling to make them. It is not excuses, it is empathy. I never want to go back there, and I understand how it is for those who are stuck there and while I dislike many of the choices they make, I find it difficult to be a jerk about it having walked in those shoes.
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
post #25 of 28
Quote:
Originally Posted by tonton View Post

Ya think?

It took you that long? You didn't see his first PO posts on the Algore thread?

You must not read my posts. I don't reply to everything. Just things that I have strong Opinions on. I am quite consistent in my replies to Apple][. He has strong feeling and stands on positions that are verbalized without a filter. On an anonymous forum it is very easy to do. I don't think he is a mean person, but I do think he has strong feelings about what he is posting. Just like BR and you.
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
post #26 of 28
On the OP, if you don't like the fees, find a bank that doesn't have them. They are everywhere. It is bad business to mistreat your customers. If you feel like you are being mistreated there a many choices of places to go that do not do this. If they start losing a lot of customers they will either change their policy, or feel the repercussions.
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
Reply
post #27 of 28
I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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post #28 of 28
Quote:
Originally Posted by marvfox View Post

The old saying is the rich get richer and the poor get poorer and the middle class simple vanishes. You are correct this is bullshit completely.

Yes, that EVIL BoA, making up for lost revenue due to government intrusion. Those bastards!

I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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I can only please one person per day.  Today is not your day.  Tomorrow doesn't look good either.  
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