I know many people are considering switching banks because of all of the new fees and everything else that’s going on. My friend is also thinking about switching from US Bank because they just told her and she owes $1,800 in overdraft fees. She told me that her and her BF have NEVER over-drafted in their lives and she’s trying to fight it but the bank said that in order to help her she would need to pay $6 a month for each statement for the past couple of years in order for them to analyze her statements. I don’t understand why she has to pay this, when they are the ones who need to analyze it? Isn’t that crazy? She’s tried talking to so many people but no one will help. Any ideas for her? She also is going to switch after this whole debacle, but they already took the $1,800 out of her bank, so she wants to wait until she clears that up. I feel like this should be illegal.
Anyways, here are steps to switch banks from Five Cent Nickel:
Do you have any other tips for someone wanting to switch?
What are you going to do if your bank starts adding fees?
Also check out Learnvest’s article about all the fees that numerous banks are about to charge, here.
“Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000. At the same time, customers who have the bank’s EZ Checking account will start being charged $15 a month if they don’t carry a minimum balance of $6,000. Citi (C) says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.”
At this time, I’m very happy that I belong to a credit union, because I feel that fees are going to come out of the wazoo now for everything.