I took my 14 year old son into the Bamk of America on CR 210 St. Augustine in December to open a savings account and get him started down the right path. Little did I know that this bank would charge him a $5.00 per month service fee for his account. It ended up being $10.00 total from December until February 6.
I knew there would be very little interest paid but I never thought they would rip off a minor what amounts to 5% per month just for "saving" money in their bank. They knew exactly what they were doing and I think it is pathetic when these greedy bandits feel it is necessary to basically steal from a young man.
When I closed the account this morning they gave me all $100.00 and I promptly gave them back the $10.00 they originally charged with the hope that they use it to keep their lights on.
My son now has $90.00 of the original $100.00 but a valuable lesson has been learned for the $ 10.00 spent.
0 comments