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Unwarranted Bank Fee Costs Chase Bank Another Customer

I had my brother write me a check on his Chase Bank business account to reimburse me for a business expense I covered. Thinking it would be no problem to cash the check at his Chase Bank in San Ramon CA, I headed over there.

It was no problem – as long as I was willing to let Chase Bank charge me a $6 fee to cash a check written on their bank because I didn’t have an account there. Is it any wonder that consumers are fed up with big banks? They seem to have a license to steal from consumers and the support of Congress to boot.

Big banks, like Chase, are in the news a lot these days as consumers and account holders vent their frustration and anger at an institution that seems to hold itself above accountability to it’s depositors. I closed my accounts at Wells Fargo, my father closed his at Bank of America.

Here is what my brother said when I called him and told him that Chase Bank was going to charge $6 to cash the check he had just written to me: “Ever since Chase Bank took over Washington Mutual, they have started charging unwarranted fees and nickle and diming us to death. I’m going to close that account and bank with USAA.”

Well, I’ve been banking with USAA for years now. It’s amazing how small banks can survive and thrive without picking the pockets of their customers. If you use your USAA ATM card at any bank – USAA does not charge a fee for the first 10 ATM withdrawals and refunds up to $15 in other banks’ ATM usage fees each month.

I can’t imagine why an average consumer would continue to do business with a big bank like Chase. They all had a big part in the subprime mess, they had the taxpayers bail them out and then have turned around and started charging their customers unwarranted fees to what? – continue rewarding their executive staffs for decisions that have played a big part in taking the economy to the brink of ruin?

Other than being too lazy to bother, why would anyone continue to bank with the people who seem to think the middle class is there for nothing more than to finance their lifestyle and guarantee profits… oh give me a break! It’s only 6$ here and $5 there and $3 there and…