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[BANKS] WARNING to all new players!
Rosmy Sundr:
--- Quote from: Michaelh139 on February 29, 2012, 08:28:50 pm ---just noticed this.
Banks do not cost anything to store money in
--- End quote ---
activity fees, transfer fees, minimum balance penalties, atm fees, "maintenance" fees, interstate/international "processing" fees, currency exchange fees... and that's just for normal countries, not including bribes or protection money... have you ever used a bank before?
--- Quote ---and you actually make some money storing it in an account.
--- End quote ---
you're lucky to find a bank that gives 0.25% interest. most banks, if you hold less than a few thousand dollars in your account, will charge you more in monthly service and maintenance fees then you will ever make in quarterly interest.
--- Quote ---There is that first "flat-fee" to make the account but it is hardly of consequence.
--- End quote ---
Most real banks don't do this anymore. Why make a barrier to new members, when the real money lies in fees and investing their deposits. In 2238, the bank fee seems to be simply a money sink to control the economy, and a minor barrier to slow down alts
--- Quote ---And they do not charge negative interest as you say.
--- End quote ---
all you need to do is google "negative interest rate"... there's even examples of non-conflict/non-third-world private and public banks going negative.
--- Quote ---They only charge you for withdrawals.
--- End quote ---
You have obviously never used a bank before... underaged?
Ymeogamaouas:
Yea in a primitive country like the US maybe (assuming you are US cause you mentioned dollars).
In a civilised country with a working banking system I do not have
a) Opening account fee? NOP
b) Minimum amount of money or you are charged? NOP (actually Barclays does this but not Natwest and HSBC)
c) Deposit/Withdrawl charge? ARE YOU NORMAL? What kind of sneaky scam-artist bank does this?
d) Withdraw with card from ATM? Hell No!
e) Withdraw with card from ATM of another Bank? NO AGAIN!
f) Pay with -debit- card fee? NOP!
The only things I get charged for is for money transfer to another bank (which does make some sense) and for getting cash (not purchases) with the visa in which case its a visa transaction cost and not from my own bank.
We even have cash back and there is no extra charge (ie you go to the super market and you buy some stuff and tell the cashier 'also give me 100 pounds' and bill it all on my debit card').
So yea... I am sorry for you poor Americans...
Kelin:
I don't know which country you are from Ymeogamaouas, but seems you're very lucky. Here, in The Czech Republic the majority of banks charge you for almost everything. Withdrawal, deposit, ATM withdraw, paying with card... it costs you a lot of money. Not to mention perversities like e-banking or immense deposit fees.
wladimiiir:
--- Quote from: Ymeogamaouas on March 01, 2012, 10:37:37 am ---b) Minimum amount of money or you are charged? NOP (actually Barclays does this but not Natwest and HSBC)
--- End quote ---
According to this it sounds to me like Britain.
I remember when I used to live there, no fees at all, no interest rate on credit cards...
When I came back to my country, I could not believe that I had to pay for everything (when I started to use non-student account). Our banking system is way more behind (like everything in here) than it was in Britain.
[sighs] One of these days, I will be back, Britain...do you hear me?...I will be back. ;D
Ymeogamaouas:
I was in the UK for 5 years... the above examples are from there...
I am originally from Greece and we have exactly the same things I mentioned for UK with the exception of getting money from an ATM of another bank... they charge you 1 euro for that. And we also dont have cash back...
I am now living in Poland and its ALSO the same here... they only charge me for taking money with my card from a diffrent bank ATM but on the other hand I can make money transfers even between banks without transaction cost...
I know that the banking system in the US is pretty darn primitive (as is their public medical care and education) but didnt expect it from Czech and ... where you are from again Mike?
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