|
|
|
|
Joined: May 2002
Posts: 869
Veteran CEG\'er
|
Veteran CEG\'er
Joined: May 2002
Posts: 869 |
Originally posted by SAV:
I wanna know why my bank is closed on Saturday when Martin Luther King day is not until Monday.
I hate that. Banks get days off that they don't need because, well...they're banks. Now I have to wait until Tuesday to finish balancing my checkbook! 
-SAV
If you need your bank to be open to balance your checkbook, you need to not be a bank customer.
Turbocharged trolling around here somewhere.
Beat your wife, Potvin, beat your wife!
True Blue 06...err...07~LET'S GO RANGERS!!
|
|
|
|
|
Joined: Mar 2004
Posts: 23
New CEG\'er
|
|
New CEG\'er
Joined: Mar 2004
Posts: 23 |
Originally posted by neelnug:
I don't know any banks that charge for deposits?
Banks lose money on small checking accounts (anything less then $2000 sometimes more) The only way they can make money off these small accounts is service charges and check cards.
My understanding always was that the chequing account was really nothing more than a sales vehicle -- to make you thier customer and thus make it easier to market investments and loans to you.
In fact, in "the good ole days", before instant electronic credit reports, the only way most people could get a loan was through thier bank, and only if the account had been in good standing for some time.
Now things have changed though, with "mortgage companys" that do nothing but mortgages, thus having no overhead. Independent credit card companys, and internet-banks.
-- Steve
|
|
|
|
|
Joined: Feb 2002
Posts: 3,840
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Feb 2002
Posts: 3,840 |
Originally posted by 00ContourSE:
Originally posted by SAV:
I wanna know why my bank is closed on Saturday when Martin Luther King day is not until Monday.
I hate that. Banks get days off that they don't need because, well...they're banks. Now I have to wait until Tuesday to finish balancing my checkbook!
-SAV
If you need your bank to be open to balance your checkbook, you need to not be a bank customer.
I have a check that I wanted to deposit, hence finishing my balancing of the checkbook. Yes, my bank has online services, but I've never seen an online service that lets you deposit. 
Geez, what kind of idiot do you think I am? 
-SAV
Troll. 1997 VW Jetta MkIII GLS 5spd
All hail my appearance on CEG!
|
|
|
|
|
Joined: Mar 2002
Posts: 631
Veteran CEG\'er
|
|
Veteran CEG\'er
Joined: Mar 2002
Posts: 631 |
Quote:
My understanding always was that the chequing account was really nothing more than a sales vehicle -- to make you thier customer and thus make it easier to market investments and loans to you.
In fact, in "the good ole days", before instant electronic credit reports, the only way most people could get a loan was through thier bank, and only if the account had been in good standing for some time.
Now things have changed though, with "mortgage companys" that do nothing but mortgages, thus having no overhead. Independent credit card companys, and internet-banks.
Very true for good accounts. The customer who is not keeping any balances or who is bouncing checks usually has terrible credit or high D/I which knocks them out of most other banking relationships. The key is getting those accounts to grow along with the person so you have potential down the road. The "free" accounts are to get new people in the door but a lot of them end up being fee driven accounts or charge offs.
05 Legacy GT Turbo 5speed
99 SVT GRN/TAN (sold)
06 Ford Explorer EBv8
|
|
|
|
|
|
|
