Who You Creepin'?

Friday, March 02, 2012

Bank of America

This is the article that got me going:
http://blogs.wsj.com/deals/2012/03/01/bank-of-america-still-scheming-up-new-bank-fees-just-fyi/?mod=google_news_blog

I'm really sorry to post a short rant about something relatively trivial, but Bank of America customers have to get over it. Each week we all work and earn money, and then every other week a faceless giant institution takes our money and keeps it in a safe place for us. They count it, allow us to manage it via the internet, send checks to friends, transfer payments electronically to businesses, etc.  If you don't have a home loan, or don't have some other kind of wacky setup, they actually pay US via interest to house the money there.

Now, as a business, they are, at times, asking for a few bucks here or there.  As a customer, we have the ultimate power. We can choose to not pay that. We can choose to walk away from them, shove money in jars under our floorboards, and visit the local NStar office to pay our bills in quarters and nickels.

But that is backwards, and unless you have a barn full of servers and IP address configuration machines, pay your $5/month fee (or whatever it'll be) to Bank of America, and tell them "thanks for managing my money for me, it actually is pretty helpful).

Or don't, and enjoy your piles of quarters, Scrooge McDuck.