Why I hate banks !!!!

[TrevorW]

The introduction of ATM machines was a means to reduce bank overheads by cutting the number of branches needed to support their customers.

Thus the cost of maintaining and providing these machines was more than offset by the reduction in bank branches and staff

The $384 million that banks already receive annually from customers fees some by the way illegally is now compounded by the additional $1.00-2.00 charge for ATM usage.

Now working on say 10 million bank customers in Oz only 1/2 million may access a ATM daily thats $1million a day in additional fees.

Just another bank rip-off

[FredSnerd (Claude)]

Couldnt agree with you more Trevor. The thing is what are the bull**** Government regulators doing about it where there is illegal taking of customers $$$$. You gots to hate Governments too is what I'm saying

All the best

regards

Claude

[toryglen-boy (Duncan)]

i find it bizzarre that i get charged for having a bank account !!!

its the only place in the world i have seen it happen.

[pgc hunter]

The pinnacle of vomit is how phone, water, gas etc companies charge you $1-2 just so you can pay their bloody bills at the post office They slug you not only if you're overdue, but for PAYING the bloody thing on time

That is just sick and demented. To the hell with the lot of 'em

[GrahamL]

I don't think they have changed much over the years , 20 years back
I got sold some loan insurance , I didn't claim against it , but did chance a read of the fineprint when I was cleaning out some old papers
It wasn't even valid in the state it was sold to me in

[PCH (Paul)]

Some of the utility companies are charging a $ or more now if you want a paper bill/invoice. Booo !

[Baron von Richthofen (Vaclav)]

Free enterprise is another way of saying( where going to rip you off ) since the government relinquished control of electricity gas petrol phone banks
We have been ripped of royally

[erick (Eric)]

Open a Credit Union account. Do all your banking online, pay by EFTPOS and credit card (really cheap, no frills, low interest rate Mastercard) and get cash through EFTPOS cash out and you're laughing! If I am stuck and have to use a foreign ATM, the Credit Union refunds any fee I have to pay. In fact it rebates the cost of up to 15 EFTPOS transactions, equating to $6 and a further rebate of up to $5 for ATM transactions per month. How about that!

I only use my bank for mortgage(s). And remember, the interest rate pressure on the banks from the Rams and Aussies crowds has kept mortgage interest rates lower then they used to be. The banks have set about making up the difference through fees, (including fees on mortgage accounts!) But if you have a reasonable mortgage, the lower interest rates more than counters the fees, especially if you use strategies to avoid paying fees as above.

No I don't work for a bank or a credit union.

[Allan_L (Allan)]

Banks! Now there is a safe topic .

when I was a boy, banks were like courts. Only open between 10am and 3pm Mon-Fri. But they all at least paid you for the right to hold your money. It was only 3%, but it was income, not a fee.

Because it required an incentive to get people to put their money into the Bank. and that is how it should be!

But, ever since legislation made it legal to pay employees by direct bank deposits, Banks have gotten cheekier and more arrogant, conceited, self-important, pompous, pretentious, supercilious - and that is just their good points! .

Now its like they have a monopoly on your money. They get paid your wages, and they charge you if you try to get it out, and they charge you to pay bills with it, and they charge you if you just leave it there!

I reckon we should all insist on being paid in cash - you remember, the real, folding stuff! Then see what effect that has on "Bank Fees".

Just my 2c worth!
...but don't get me started...
I HATE Banks Too !!!

[AstralTraveller (David)]

Originally Posted by FredSnerd

Couldnt agree with you more Trevor. The thing is what are the bull**** Government regulators doing about it where there is illegal taking of customers $$$$. You gots to hate Governments too is what I'm saying

All the best

regards

Claude

Well the banks own the government don't they?? The voters certainly don't.

[JimmyH155]

One of my pet hates is the audacity of Optus and the like to charge me $2 for a paper bill. They want me to pay by direct debit
Have you ever tried cancelling a direct debit??? I tried once, the bank said it was nothing to do with them "Go and talk to the provider" they say. (in this case it was McAffee in USA - how do I do that????)

[gman (Grant)]

Originally Posted by Allan_L

Banks! Now there is a safe topic .
Now its like they have a monopoly on your money. They get paid your wages, and they charge you if you try to get it out, and they charge you to pay bills with it, and they charge you if you just leave it there!

I reckon we should all insist on being paid in cash - you remember, the real, folding stuff! Then see what effect that has on "Bank Fees".

Another reason that all bank transactions should be tax deductible to the average punter.
These charges a re directley a cost of getting your wages.

I agree, bring back the folding or gold - a negative is the amount of armed robberies will go back up.

[astronut (John)]

"Why I hate banks !!!"

Do you need a reason?

[Benno85 (Ben)]

I have been trying for 5 weeks to borrow a little bit extra on my mortgage to payout a credit card. As an existing mortgage customer I would have thought this to be a simple one-phone call task. NOOOOOOOOOOO. Multiple faxes and letters and STILL NO CLOSER!!

I love how they stuff us around like this, yet within 0.000001 seconds of overdrawing an account they'll smack you with that ridiculous "dishonour" fee.

[Outbackmanyep]

I remember one of those sayings "Banks will lend you an umbrella when it sunny but want it back as soon as it starts raining..."
My father always said that to get any money from a bank first you have to prove that you don't need it!
Its funny that with all that said, the bloody NAB send us approved credit card limits without us even asking for it! We usually shred the letters.......

[mac (Matt)]

Australian banks really are greedy, aren't they? Since nearly every bank in New Zealand is Australian-owned, we get hit by all these horrific fees too. At least the public have managed to bully the Bank of New Zealand (owned by National Australia Bank) into aborting their $25 instant overdraft fee - which had stung me a couple of times when I went a mere few cents over.

For the last few months and counting, my wife and I have been on a strictly cash-only budget. We get our money out at the beginning of the week, and that's all we spend. It's working really well.

[Barrykgerdes]

Originally Posted by Outbackmanyep

I My father always said that to get any money from a bank first you have to prove that you don't need it!
.......

I agree that banks are too greedy but they are in business to make money (out of money). I don't have any bother with my bank. I keep a credit balance and have no fees.

The secret for borrowing money is never borrow unless you don't need it ie, is only borrow if you can make money out of what you borrow.

With credit cards never use a credit card to buy an item you cannot cover with your own cash and pay the total balance before the end of the interest free period.

Barry

[marki]

When I was a little boy I used a word that rhymed with bankers. My mother washed my mouth out with soap. Sez it all really.

Mark

[dpastern (Dave Pastern)]

Originally Posted by pgc hunter

The pinnacle of vomit is how phone, water, gas etc companies charge you $1-2 just so you can pay their bloody bills at the post office They slug you not only if you're overdue, but for PAYING the bloody thing on time

That is just sick and demented. To the hell with the lot of 'em

I do not believe that they can legally do this, and in fact it's over at the ACCC now. It discriminates against those that do not have credit cards or Internet access, or those that are simply older and prefer to do everything in cash (like my parents).

Banks in this country need a great bloody well kick up the ***. All our pollies are spineless, greedy *******s that don't deserve to serve this country.

Dave

[dpastern (Dave Pastern)]

As an aside, there is no legal reason for employers to pay you via direct deposit. It is NOT compulsory. You have every legal right to ask your employer to pay you in cash, as you do not have a bank account, etc. If an employer fails to oblige, they are discriminating against you. If enough people actually stood up to employers (another group I hate), then things would improve in this country.

Dave

Originally Posted by Allan_L

But, ever since legislation made it legal to pay employees by direct bank deposits, Banks have gotten cheekier and more arrogant, conceited, self-important, pompous, pretentious, supercilious - and that is just their good points! .