Quote:
Originally Posted by burn_baby_burn
One would think that things are backwards. To have a computer do your banking should be free (or at least less expensive for the bank) than having a paid employee do the exact same thing.
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You would think. I recall having a disagreement with a teller once who insisted it would be better for me to just do all my transactions at the in-branch ATM. I insisted I had time to spare and wanted to save the service fee. She was peeved but I didn't notice her give the same grief to the little blue-haired ladies in there to pay their utility bills and what have you.
We only did that after CIBC raised their minimum balance from $1,000. I was a student and my wife was only working part-time. It was hard to keep a minimum balance of any size when money was tight. If I could afford to have $10,000 sitting in a checking account I probably wouldn't care if they were charging me $1.50 per transaction or $15 a month. Those service fees really hurt when you're almost broke and live pay check to pay check.
There are alternatives out there. Banks will continue to charge as much as their customers will tolerate. If service fees really bug you, look elsewhere. Let your money do your talking.