Forbes Warns of Banks Retaliating through fees
Forbes wrote that as banks are grappling in their battlefield, they may have civilian casualties. Expect to be bled when banks are given the opportunity to offer a premium service such as overdraft fees and ATM fees for a hefty rate, and that those fees will be increasing and less frequently waived. Banks have realized that they must collect from their customer base in every corner of the market if they are to expect to survive in this gory economic times.
Forbes comforts the reader by offering the same common sense advice I believe in for dealing with the opponent: know the battlefield and plan ahead.
Filed under: Achieving Goals, Banking, Savings, Wall Street —
Comments (3)
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The banks sure have raised their fees. I have learned the hard way to pay a few days early to avoid the banks having some problems “receiving” the payment.