Banks are out of control. I thought my cell phone company was bad with hidden charges in every nook and cranny, but my bank has them beat. My (current, soon to be former) bank has instituted a charge for using an ATM, should you try and get more money out than you have in your account. Let’s consider the logic behind this one. Say, it’s the end of the month, and your spousal unit paid the bills, leaving less in the account than you expected. You are a little short of cash and stop by your friendly neighborhood ATM to get some walking around money, for those little luxuries like gasoline and food. You pop in your card and are instructed that by pressing “YES” you are giving the owner of the ATM permission to ding your account for a couple of bucks for the priviledge of using their machine. Not fun, but you’re used to it. You then click on “withdrawl” and choose $100. Not so fast, bucko. Your significant other left just $95 in the account. Payday is in two days. Now what do you think happens? In a fair and equitable world, you’d see the screen tell you, “whoops…you’ve asked for more than you’ve got…would you like to get a ballance so you can take what you need without getting an overdraft?” But no. With B of A, what you get is a SERVICE CHARGE FOR ATTEMPTING TO TAKE OUT MORE THAN YOU HAVE ON HAND.
Pause with me for a nanosecond.