Comments on: Banks are irritating me http://sjeltur.nl/banks-are-irritating-me The world according to Sjeltur Sun, 22 Jan 2012 19:54:52 +0100 http://wordpress.org/?v=2.9 hourly 1 By: Mizé http://sjeltur.nl/banks-are-irritating-me/comment-page-1#comment-2321 Mizé Tue, 01 Dec 2009 20:44:24 +0000 http://sjeltur.nl/banks-are-irritating-me#comment-2321 It´s clear that banks are making a lot of money with our money. Currently, they´re paying low interest rates not because of the economy downturn, that´s just an excuse, but because they are making so much with loans and mortgages rates... They´re making so much money that they don´t need our savings anymore. Currently, I´m avoiding account fees because every month my paycheck goes straight to my deposits account. Here in Portugal we have a type of accounts, called "conta ordenado". If your deposit your paycheck in this account, you won´t pay any maintain fees but you pay 10.00 Euros for each debit card emission. I have a temporary card to avoid this expense too. I recently changed bank accounts to avoid fees. I had a student´s account but once I started working last April and received my paycheck trough this account, they wanted to charge me 10.00 Euros every three months! So, I just opened a "conta ordenado" and removed my savings from the other bank. I think banks are making too much money already. Regards, Mizé It´s clear that banks are making a lot of money with our money. Currently, they´re paying low interest rates not because of the economy downturn, that´s just an excuse, but because they are making so much with loans and mortgages rates… They´re making so much money that they don´t need our savings anymore.
Currently, I´m avoiding account fees because every month my paycheck goes straight to my deposits account. Here in Portugal we have a type of accounts, called “conta ordenado”. If your deposit your paycheck in this account, you won´t pay any maintain fees but you pay 10.00 Euros for each debit card emission. I have a temporary card to avoid this expense too.
I recently changed bank accounts to avoid fees. I had a student´s account but once I started working last April and received my paycheck trough this account, they wanted to charge me 10.00 Euros every three months! So, I just opened a “conta ordenado” and removed my savings from the other bank.
I think banks are making too much money already.
Regards, Mizé

]]> By: The BoBo http://sjeltur.nl/banks-are-irritating-me/comment-page-1#comment-2320 The BoBo Tue, 01 Dec 2009 03:06:05 +0000 http://sjeltur.nl/banks-are-irritating-me#comment-2320 Actually - there isn't a hole anywhere - it is the EFT (electronic funds transfer) system. The money actually remains in the account until the transfer is completed. It just appears it has disappeared for a while. Our banks are pretty much doing the same things here regarding interest. I'm fortunate that I don't pay any annual fees to hold an account because I have "enough" money in there to avoid the fees. I do have an interest bearing checking account. However, it was 2.5% when I opened it. It is now down to 0.01% My savings account went from 3% down to 0.50% and my Money Market account is now down to 1.5% from 4.5%. Additionally, I have a CD that I renew frequently. When I first opened it back in 2006 I was making 5.5% after 18 months. The best rate I can get now is 1.5% after 8 months. If I go out any further than that I'm losing money. I thought the countries around the world infused the banks with trillions in order to keep them solvent? Where the hell is that money if they're not giving it to their depositors? We know they're not lending it to anyone. Actually – there isn’t a hole anywhere – it is the EFT (electronic funds transfer) system. The money actually remains in the account until the transfer is completed. It just appears it has disappeared for a while.

Our banks are pretty much doing the same things here regarding interest. I’m fortunate that I don’t pay any annual fees to hold an account because I have “enough” money in there to avoid the fees. I do have an interest bearing checking account. However, it was 2.5% when I opened it. It is now down to 0.01% My savings account went from 3% down to 0.50% and my Money Market account is now down to 1.5% from 4.5%. Additionally, I have a CD that I renew frequently. When I first opened it back in 2006 I was making 5.5% after 18 months. The best rate I can get now is 1.5% after 8 months. If I go out any further than that I’m losing money. I thought the countries around the world infused the banks with trillions in order to keep them solvent? Where the hell is that money if they’re not giving it to their depositors? We know they’re not lending it to anyone.

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