Bank fees

quote:

---

I'll switch over and also get the $200 for opening up a new account.

---

i've been looking at this... you think if i go and threaten to pull my account they'll offer me the $200 to stick around?


chase kinda sucks imo anyway, but it's not worth switching and i could use the $200

Happened to my wife. Im having her close her Regions account and move everything to her Neighbors account. Not even sure why she has a Regions account other than she claims to have more ATMs (yet she never carries cash anyways)

quote:

---

I think this is all related to the costs of compliance with the Dodd-Frank act

---

This.

Which I predicted on this board back when D/F was being debated and several posters were chirping about what a good thing for consumers the D/F bill would be. I wrote to the effect that banks were not going to give up major portions of their revenue streams without replacing them via higher fees elsewhere.

Lee--I have my home mortgage through Chase also, so this might not be a bad idea. I never use an ATM, but use my debit card almost daily. I have multiple accounts also("Christmas Club" savings, emergency savings account, regular checking, and a joint checking with my fiance'). Ain't know way I'm gonna start paying all these fees.

I bank with Hancock-

No minimum balance, no debit card fee, ATM card can be used with no fee at Hancock and Whitney locations. I've never incurred a fee in the 7 years I've banked with them.

Overdraft line of credit is also very handy.

Hancock is one of the more underrated banks in the Baton Rouge area. When they finish their merger with Whitney there should be 40+ Hancocks (Read: Whitneys) in the BR metro area.

I work for Chase. No plans to implement a debit card fee. Total checking does require $500 direct deposit, or meet min balance requirements, or get charged $12 fee

6262 Do you guys have a savings type of account where you auto draft my checking account XXX amount a month and deposit to savings account like a Christmas club?

I work for a professional consulting firms for financial institutions and can tell you these fees are going to increase over the next few years.

The govt has increased regulation over the amount bank's can charge for card interchange fees to merchants. These fees paid for the expensive fraud monitoring regulations that the goverment regulates.

The Bank's have to cover for the expensive fraud monitoring and provisional practices, so free checking accounts will soon be a thing of the past. Right now it is only affecting Banks greater than $10bil in assets.

I opened an account with Britton and Koontz last year because they were paying 5.25% interest on checking account balances. The rate has since dropped to 2.25% but it's still equal to what a lot of people are getting on their CD's. I also kept my checking account with Capital One because I've got my safe deposit box there and B&K doesn't offer them. There are no fees with either account and I haven't heard of any fee increases in the works.