Jul 17th, 2012 by Jennifer Lynn
Is it time to kiss our credit union goodbye?
Recently M. and I stopped by our local credit union to proudly stash some of our family savings, roughly $5,000, away into a joint savings account. Everything was going swimmingly — until the first statement arrived in the mail. I was perplexed by a continuous charge levied on our account. Since business hours were past, I took to the internet in order to do a bit of sleuthing on the matter through their website.
That’s when I realized our savings account, earning a skimpy .1% interest rate, was getting clobbered with a $5.00 monthly ‘maintenance fee’.
Grrr.
Tomorrow I will be on the phone with the credit union, politely requesting that this ludicrous monthly fee be waived.
Me: I’d like to have this fee removed.
Bank Rep: Of course, right away. (taps some keys) Is there anything else I can help you with?
or
Bank Rep: I’m sorry, we can’t help you with that.
Me: You don’t seem to understand. With this $5,000 in my coffers here, I would like an account with no annual or monthly fees, if you would kindly direct me to that … No, not possible? I’m sorry then. I’m afraid we can’t do business and I no longer will be a customer here. Please close my accounts, effective immediately.
Depending on what occurs tomorrow, I may very well be shopping around for a new credit union/home for our savings.
And to those sneaky banks who continue to nickel and dime their customers, I will continue to jeer at and blow big raspberries your way.
You may have received my business briefly, but it won’t happen twice.
=^..^=
[Edit: I was successfully able to waive the maintenance fee! I ;heart; my credit union again.]
I'm so glad you could waive the fee – banking fees are ridiculous. I can't believe anybody pays them. I don't because I have a student account, but when I'm not a student anymore I'll have to change that.
Yay to waiving your fee! You have to stay on top of these crooks. One time I had a credit union account I didn't use much. I had tons of fees piling and didn't know it. I eventually closed it down, but can't let hard earned money leak out like that.
Buck, M. is just as bad. He kept insisting he had an older account with roughly $60 in it, and the bank rep. said the account had been closed last year. Well, those pesky bank fees ate away his entire balance without him realising!
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[...] Lynn @ Broke-Ass Mommy writes Boo To Those Sneaky Bank Fees – Sneaky bank fees suck, read my recent bad experience with them and why I think they are [...]
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[...] Lynn @ Broke-Ass Mommy writes Boo To Those Sneaky Bank Fees – Sneaky bank fees suck, read my recent bad experience with them and why I think they are [...]
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