Are we being ripped off by our banks?
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stewart
Apprentice
Joined: 03 Jul 2006
Posts: 12
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 Posted: 10/03/07 - 04:28 Post subject: |
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| I am not sure what to think about banks anymore. It seems to me that they calculate every my step, every transaction and every withdrawal to take my money from me. Even those money I am entitled to just by saving on their account seems to have vanished. Are we being ripped of by our banks? |
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robbie
Apprentice
Joined: 08 Nov 2004
Posts: 7
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| Posted: 11/03/07 - 03:56 Post subject: |
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| You must keep in mind that banks with all of their branches and officers live on our expense. This is how they make money so they can work at all. About ripping of my opinion is that there are some expenses and fees that are not necessary and even are rude. About interest you make it can be easily eaten by a small inflation. For every privilege you get from a bank you pay their fee and can be really high when you sum it up at the end of the year. But what shall we do when it is safest way to keep our money? |
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