Real Life Peter Griffin Goes to NY Comic Con

Lately I don't care much about what is a good strategy for banks. If mine charged me to deposit money, I'd take my cash somewhere else. In fact, if they charged me for a checking account, I'd take my money elsewhere. Banks are a business that once provided a service for people and they made a profit. Now they don't want to provide ANY service but they still want more profit.

If banks "don't need it anymore," why do they even pretend they are a business providing a service?

Move your money to a local credit union. That's what I did and the Band of America branch employees I used to patronize where not at all happy about it when I told them exactly why they no longer have my loyalty.

We don't need it anymore, the billions you gave us to bail us out are enough.

I'm surprised those deebags want to go on record saying those things... In THIS climate, dude says: "“We just don’t need it anymore. If you had more money than you knew what to do with, would you want more?”.

Actually yes. Yes, I would. (Also, sir, may I strangle you?)

I hope every single one of his customers take their money out of his shitty bank.

FINALLY! About 2 years ago Wells Fargo charged the mom & pop company I work for almost $10 to deposit about $5,000 in cash. When we complained they played dumb and basically called us liars. They don't charge a fee to deposit cash! When we finally got someone to admit to it, they claimed it was a convenience fee to offset the work the teller had to do to count the money (This "work" entailed walking less than 6 feet to a counting machine and pressing one button and took no time). Between that time and the time it took us to change banks, I would deposit cash and ask "will you be charging me a fee for this?" and getting the "how stupid are you" look in response.

Want to do something meaningful to protest Wall Street? Close your account with big banks and open one with a credit union. You will be so glad you did.

Aubmer, thanks for confirmation. I had orignally thought this was a hoax.

Well let's see . . .

Penalty for early withdrawal . . . Almost zero interest on my savings, checking and CD's . . . Give bad loans to people who won't pay it back . . . Passing costs on to small business owners . . . Still have scabs on their knees from begging the government to bail their insolvent a$$ out . . . Dumb hours . . . Rotten customer service . . . High interest rates on credit . . . AND NOW THEY WANT TO CHARGE ME FOR A DEPOSIT?

Sorry, Larry, Curly and Moe have already made that movie. At least they made me laugh.

They're more than welcome to exchange their cash for things they didn't know they couldn't live without over at the NeatoShop :)

The banks have more money than they know what to do with partly because they now refuse to lend it to the people who need it most - the businesses who rely on loans to start up or expand. If they lent it to businesses they'd collect interest on those loans and wouldn't need to charge for deposits. Without the interest from loans they just grab your money any way they can, such as charging for deposits. But people aren't stupid, they'll soon move their money other banks which don't charge - perhaps these banks will then be happy with no cash at all, given that they 'just don't need it anymore'.

The whole banking system is gridlocked, too nervous to do anything but think up new ways to scam their customers. Perhaps we shouldn't be so surprised with this latest one.

No matter what happens, it's always us who are left holding the short end of the stick (to keep it civil).

Do we need more proof that the financial/banking system we have in place today does not work? This is getting absurd.

JohnJ +1credit unions FTW! Love mine! Banks can go to hell. Charging people for everything INCLUDING deposits? I'm surprised they had the guts to even say this when people can't find work or pay their mortgage. Hope everyone moves their money to credit unions and bankrupts these money grubbing a-holes!

This peice does a poor job of saying what type of people would get charged. The first place I saw this was I think in the Economist and the bank that they were writing about was going to charge a small % on account holders that had over 250,000 in cash between their accounts for longer than 1 month and would charge a larger % for those that had in excess of 1 million for longer than 1 week. I think this is a very good policy by the bank as long as they keep the minimun that high.

The people that such a policy will effect are the very same people being call "job-creators" by the gop and need to get larger tax breaks because they invest all this excess cash.

I know some bank have started charging for transactions that require a teller which is just really silly.

Cash means spending time counting, stacking, stocking handling, building safety measures against internal and external thieves, organizing costly delivery and transportation services. At a time when electronic cash has become king I can understand the cost analysis conclusion to put a fee on it, or cutting the service altogether. For example, in my little French city few of the banks are providing change for the businesses' needs.

But on a marketing point of vue : WTF?!!!

Sounds like the 'extra charges' the Miami banks used to charge the drug smugglers back in the 70s/80s (watch 'Scarface' again)

This is not new. Banks have charged businesses for deposits for many many years. It's just trickling down to consumers finally. The average consumer has no clue what it costs the merchant for credit card processing fees, bank fees, etc.. Now that they are paying their fair share I think we're seeing the shifts that are needed in a modern digital society... Change is a constant... and usually it's found under the car seat.

My bank, SunTrust, announced recently that it would begin charging $5/month for using of a debit or ATM card, plus a $7/month "maintenance fee." (There was no clarification of what maintenance, exactly, I would be receiving.)

My checking account is already a loan from me to the bank at 0% APR, which they then loan out at substantially higher rates. There's no f&*%ing way I'm going to pay them a monthly fee for the convenience of having access to my money.

I've now switched to USAA credit union, and sent SunTrust a detailed explanation of my view of the matter, and pointing out that they're losing--no, they HAVE LOST--a 16-year customer over $12/month.

This is why my "banking" institution is a credit union.

The idea of keeping all your money at home under the mattress sounds better all the time.

if banks are afraid to reinvest the money deposited with them than they need to look into hiring personnel in that department who are more suited to the position.