Banks now want you to pay for face time, as more institutions charge fees for what was once the ritual for withdrawing and depositing your money: interacting with a teller.
Sentiment: NEGATIVE
The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track.
Why do I have an issue with banks? They have their greedy fingers in everyone's money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
The notions of going to work, putting in set hours, and getting 'face time' are increasingly antiquated ideas. Because of technology we have entered a modern era of work where we can work from wherever we want, whenever we want and we can be more productive and make greater contributions than ever before.
I happen to know a bit about banking.
In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.
Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.
I do remember that I was very relieved that I did not have to go into a bank with them. I had, as you recall, I had already been brought into a bank before and it was better to be sitting outside.
The process by which banks create money is so simple that the mind is repelled.
Anytime we wanted to do something, we found a way to do it through conventional banking means.