Date: Wed, 27 Jun 2001 14:59:56 -0500 From: "G. Adam Stanislav" <adam@whizkidtech.net> To: Iain Templeton <iain@research.canon.com.au> Cc: freebsd-chat@FreeBSD.ORG Subject: Re: US checking accounts for non-US residents Message-ID: <3.0.6.32.20010627145956.00ab4e30@mail85.pair.com> In-Reply-To: <Pine.LNX.4.10.10106271655440.27759-100000@blow.research.ca non.com.au> References: <3.0.6.32.20010627004842.008dadc0@mail85.pair.com>
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At 16:58 2001-06-27 +1000, Iain Templeton wrote: >Wow! A bank that doesn't charge you fees. You lucky Americans! > >Lets see, that'll be $5 for going below $500, $1.50 per other bank ATM >transaction. $1.something for an other bank EFTPOS transaction. Now, >where's my 0.25% PA interest? Lets not talk about overdrafts... Well, overdraft fees I find justifiable. The rest of them, I do not. Most importantly, what I meant was no minimum balance and no fees related to that. Most banks, even in the US, do have monthly minimums and charge you "account maintenance fees" if you go below that. That is the fee I object to, and refuse to open an account in a bank that has one. For eaxmple, when I moved to the little town I live in now, I went from bank to bank looking for the right one. I explained to each one of them my conditions (the smart ones are willing to negotiate). One rep smiled and said: "You will not find that in Rhinelander." I did find it, and I came back to her to tell her so. Anyway, the reason I object to this fee is that it is unfair and ridiculous. When you deposit money in a bank, the bank takes your money, invests it, and makes more money from it. They have a lot of nerve to charge you a fee for depositing less than $500 (or any amount). If you requested a loan for $500, and they only offered $450, would THEY be willing to pay you a fee? (If so, I want to know which bank it is, hehehehehe.) So, why on earth would you pay them a fee for loaning them your money??? >I don't think that there are any banks here that don't charge fees, at >least not to people without mortgages/shareholdings. Again, I only meant the monthly fee. You will probably not find a bank that does not charge an overdraft fee here either. Of course, many have an overdraft protection plan. For example, with USAA, if I write a check that is not covered with my checking account, they will automatically transfer that money from my savings account to my checking account (for free). Only if I did not have enough money in my savings account would they charge me an overdraft fee. And I would have no objection. Cheers, Adam --- http://phonecowboy.com/registrar/twist/ finds a good domain for you and checks for its existence. To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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