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Wells Fargo To Charge You 3 Bucks To Spend Your Own Money

Exploiting people for personal gain is, at the very least, "not good." Perhaps most people could be reasonable enough to admit that. Probably not.

Exploiting people? Do you think that gainful employment is exploitation?

j-mac
 
Let me know when you want to discuss an argument that anyone actually made. Until then, maybe you can answer my question: Are facts evil?

So you refuse to answer my question, but want me to answer yours?

j-mac
 
Wells Fargo, the nation’s biggest consumer bank, said profit rose 29 percent in the second quarter from the period a year earlier as loan losses eased significantly.

The bank reported record second-quarter earnings of $3.9 billion, or 70 cents a share, beating the 69-cents-a-share consensus estimate of analysts. That compared with a profit of $3.1 billion, or 55 cents a share, in the period a year earlier.

Wells Fargo also received 25 Billion dollars of your tax money for bailout.

It's sweet to be Wells Fargo. Didn't take them long to cover their losses due to predatory home loans. Have the rest of you citizens (human and corporate) here recouped the money you've lost in retirement? How about the devaluation on your home? Has that popped back to where it was several years ago to the seen a 29% increase in value? No, I didn't think so.

You all must understand that it's been really hard for Wells Fargo and they really need to rape their customers as much as they can because profit is never evil. :lamo

I'd like to recommend that everyone who supports Wells Fargo's shameless price gouging for profit please switch your banking to Wells Fargo to show your support to them personally. Also you might want to ask them to charge you $5 bucks for debit card use simply because you like profit so much. :shock:
 
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Now if I was a liberal, I would say the only fair way is to charge a fee based on how much money you have in the bank.
 
While I wouldn't stay at a bank who charged for debit card use if another bank was available who offered free debit cards, I hardly think $3/month is "price gouging".
 
$3/month isn't that bad. The fees that I think are the bigger problem are the over the limit fees. It's one of those things where people think "I just won't exceed my limit" or "I don't feel sorry for the folks that get hit by those, they should just be more responsible", but the reality is quite different. The way they unpredictably hold checks for basically random amounts of time between 0 and 15 days, and debit/credit transactions you have sometimes don't appear on your account for weeks and whatnot make it very tricky to really avoid ever overdrawing your account unless you keep a buffer of a few thousand dollars in your account at all times. Many people can't afford to do that, and even for those who can, that money could be better used in at least an interest bearing account... And the fees they hit you with can be insane. They decide to hold your paycheck for 2 weeks all of a sudden one month and you could overdraw 10 times before you even notice that they held it...

Something like that happened to me once, and it was either negligently or perhaps deliberately caused by the bank. They juggled the order in which various card purchases I made during the week were processed such that the one big purchase - made on a Friday - which caused the overdraft (this was my fault, btw, I failed to notice that an automatic debit started to go through a week earlier than it used to), was processed before about 10 small debit purchases (e.g. coffee, lunch) I'd made Monday-Friday of that same week. As a result, instead of one overdraft fee for about $35, I got hit with about ten of them (for a total of about $350). If they'd processed these charges in the order they actually occurred, they wouldn't have been able to screw me out of an extra $315. This is one of many reasons why I hate banks.
 
While I wouldn't stay at a bank who charged for debit card use if another bank was available who offered free debit cards, I hardly think $3/month is "price gouging".

The term "price gouging" is defined by the method of extracting the money, and not the amount
 
Something like that happened to me once, and it was either negligently or perhaps deliberately caused by the bank. They juggled the order in which various card purchases I made during the week were processed such that the one big purchase - made on a Friday - which caused the overdraft (this was my fault, btw, I failed to notice that an automatic debit started to go through a week earlier than it used to), was processed before about 10 small debit purchases (e.g. coffee, lunch) I'd made Monday-Friday of that same week. As a result, instead of one overdraft fee for about $35, I got hit with about ten of them (for a total of about $350). If they'd processed these charges in the order they actually occurred, they wouldn't have been able to screw me out of an extra $315. This is one of many reasons why I hate banks.

I've faced similar problems, as well. Banks are pure evil.
 
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