Why do banks take out fees for "Inactive account"?

[johnhugh]

It's like a penalty for holding your money with them.

Three months ago my savings account has $89 in it. After 3 months of fees I'm down to $67.

It's like they want you to spend out of your savings account, which isn't fiscally savvy IMO

 

[WinstonW101]

What as you doing in school just live off the interest and buy cinnamon pop tarts

 

[SaltyMeatBallsOO]

Because they can!

 

[Ron Munson]

Do you even listen to anything Bernie and Pocahontas said?

Banks are evil.

 

[johnhugh]

Do you even listen to anything Bernie and Pocahontas said?

Banks are evil.

Banks are annoying

 

[RUBDROC]

The late great Tim Wison had a great story about that.

 

[CU1TruTiger4Life]

It's like a penalty for holding your money with them.

Three months ago my savings account has $89 in it. After 3 months of fees I'm down to $67.

It's like they want you to spend out of your savings account, which isn't fiscally savvy IMO

Because you are an idiot. Next question sissy millenial shvthead.

 

[johnhugh]

Because you are an idiot. Next question sissy millenial shvthead.

Yikes

 

[bp1999]

Because banks have to keep minimum deposit on hand and an account that low with no activity isnt able to generate any revenue. Therefore it is a cost that gets passed to you.

People that think a nationwide secure network should come with no costs have very little business sense.

 

[vinotiger]

Bless...our little boy is growing up right before our eyes.

 

[rogue booster]

 

[TigaP]

Believe it or not another stupid fed law. We have to send out a signature waiver for "dormant" accounts. Ur govment at work. Just worthless paperwork.

 

[Clems0nTiger]

I closed a personal checking account with Bank of America once. After it closed and I got my balance back, they fined me for insufficient funds, as it was now at $0. It took me weeks of speaking to managers to clear things up.