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The Bank of America's ATM heist
We have a right to be outraged at 50 percent price hikes. Too bad the federal government is no longer in the business of consumer protection.
Andrew Leonard [2007-09-14]

  • It increases their power...

    If someone finds themselves very close/convenient to a BoA bank, they are better off just signing up for an account to avoid the fees. So it increases their power in that way, and drives business to them.

    At my office there is an ATM machine that thankfully does not charge a fee. So that's good. But before I got my account changed my bank (WaMu, who has been good to me otherwise) was dinging me for a few bucks every time I used it! They charged me for not using their ATMs! If I used my WaMu card on a BoA ATM I would've been hit for $5 or $6 a pop! And these guys act like they are above the payday loaners?

    -- number1laing
    [Read number1laing's other letters]
    Friday, September 14, 2007 12:11 PM
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