Posted on August 19, 2011 by jia zhou

It won’t be a up – to – date news, but it is some news that we should pay great attention to when it comes to money, especially the money will be taking from us on our hard – earning money which we deposited in our long trusted banks. Those mega – giant banks, such as Wells Fargo, Bank of America, and JP Morgan & Chase were bail out from our tax money, which our Federal Government in hope that those banks will still survive such harsh economic turmoil during the big recession a few years ago. To keep them alive in hope they will provide loan and fund to small businesses to operate. However, those big banks take it the other way. They taking advantage of us, and charging us on opening a checking account. Chase and Bank of America both banks already start their scheme on charging customers who didn’t meet certain criteria and charge them fee on checking account. On the upcoming October, Wells Fargo will follow suit. They will charge customer $3.00 on their checking account, or debit card.

It will be free to withdraw money from their ATM machine, and still free to have your debit card account. But once you use the debit card in any of the store or restaurant at the point of purchase, they will hit you with this $3.00 fee. That is a rip – off scheme, don’t you think? So, please consider move your money to somewhere else, or rather use cash strictly on every purchase instead of use debit card again.