Quote:
I get pretty po'd that i have to pay a service charge when i want to deposit money in the bank
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. If you are smart about your transations you should never pay a service charge. If you are doing everything right and still paying service charges... you need to find a new bank. Think about how much money they can make with a $500 checking account. After sending your statements, processing your checks, paying to insure the money, tracking it with computer systems, issue your atm card, pay people to service it, put it online for you, put on a phone system so you can check your balance, meet all regulations, throw in a couple robberies, 24 camera systems, money transit companies, fraud, etc etc. Don't get me wrong, banks make money... but the spreads aren't there right now. They are making money off loans, and business accounts and people who overdrawl their account.
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