Originally Posted By: tacit
1. The only folks who have it better are casinos.

2. A few months ago, the bank where I had my business account got bought out by another bank. The bank where I originally had my account gave me free checking. When the new bank bought them, they started charging me a (big!) monthly fee for my checking account, even though I didn't sign any contract or agree to it in any way. Apparently, that's absolutely legal.

1. And weather forecasters!

2. Yep! Every bank agreement I've ever looked at has got a "Prices subject to change at our option and without notice" clause.

A while back, one of my banks became the first NYS bank closed by the FDIC in more than 60 years, and the bank that took over its accounts immediately and arbitrarily reduced my CD rate from (a not outrageous at the time) 2.25% to 0.50%. mad

I was most amused when the bank employee to whom I spoke didn't understand why I felt that the bank had told me that it didn't want my business. confused

Edit: I should qualify that mad by mentioning that the bank did me a huge favor, because I accepted its offer to redeem my CD with no penalty, rethought my investment strategy, and wound up in a better position ( grin ) which, although nice, didn't mitigate the injustice.

Last edited by artie505; 10/02/11 08:16 AM.
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