Consumers should continue to raise their collective voices about the absurd practice of charging consumers a fee to cash a check drawn on the same bank. Tellers at Bank of America use the same canned line, "All banks are doing it" and some how they seem to think what their saying is REALLY true, and THAT, makes it right.
Well it's not! First of all, not all banks charge this fee. My bank in Tennessee does not charge a fee, my bank only charges a fee to cash a check not drawn on it. The fee they charge is $2.00 and only to non-customers. Sound like a small country bank?
Well it is, yet it's one of the top fifteen banks in the United States, and better yet, it's owned by its depositors.
In the past, major banks spent billions of dollars advertising their establishments using key words such as "Friendly", "Considerate", "Hometown", and the best known slogan; "We know you by name". WHO are they kidding?
Fifteen years ago, most banks were actually sincere in their advertising. Then came the buyouts; banks buying banks, banks changing their names and then being bought out, and then changing their name again. This trend continues today.
Major banks have no identity. They are constantly changing hands and recovering their expenses from the public for maximum profit, thus their need for additional cash sources and thus they're depersonalization of the public.
I pray the small banks survive.
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