Quote:
Originally Posted by PowerPlayoffs06
Why does it cost 50 cents to do an online transaction to move money from my chequing account to my savings account? There was absolutely no work involved in moving that money. A mindless computer changed the values to two files in some random database.
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I'm pretty sure the computers weren't free, and the software didn't write itself.
Yeah, I think some bank fees are pretty high; like ATM fees which approach $4 for using another company's machine. I remember when Interac first came out it was 50¢ to use another machine, now its closer to $4.
But back to fees within your bank, I would rather pay what we pay and not have to worry; as opposed to what you find in the States where banks are so competative that some of them close up shop suddenly, making it very hard to get your money back out.