Cheapskate Wisdom … About Why You Don’t Have to Do Business with a Big, Fee-Crazy Bank

“10 years ago, there weren’t many other choices for banks. Like a short, fat guy with no social skills, you took what you could get. But now, things have changed, and our short fat guy has turned into a prince with lots of options.”

A quote from a post at I Will Teach You to Be Rich that basically says big banks are doomed. Why? Getting right to the point, the big banks …

routinely treat their customers like sh**, offer terrible services, and use inscrutable fee schedules to make billions of dollars per year from worthless fees alone.

You had me at sh**.

Related Topics: banks, cheapskate wisdom, fees, Investing, Saving & Spending
  • multinationalcorporationssuck

    I’m not sure that big banks are doomed. They are fee- hike innovators that folks should have migrated away from long ago.

    I only bank with credit unions. Although the interest rates start out lower, they are not trying to screw me at every turn to support the life style of incompetent greedy overpaid management.

    Everyday we vote with our dollars. Why choose Goliath over David? Many credit unions reciprocate ATM usage for free. When I was recently in California, I had no problems finding no fee ATMs.

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