Elizabeth Culmer (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
edenfalling) wrote2016-01-21 12:56 am
edenfalling) wrote2016-01-21 12:56 am
Entry tags:
wherein Liz considers her bank accounts
On Wednesday afternoon, I set up internet banking and electronic statements. Now I can check my account balances from home! I will also save $30 a year.
By way of explanation: Last summer my bank started a policy wherein they automatically charge checking accounts a $10.50 maintenance fee each month. If you have regular direct deposits going into the account, you then receive an $8 credit, and if you get electronic statements rather than paper statements, you receive a $2.50 credit. In other words, being unemployed costs $8 a month and getting paper statements costs $2.50 a month. The former is not entirely under my control, but I could fix the latter and finally remembered to do so.
...
I should probably visit a proper branch office in person and ask a few question about my checking account at some point, because it's officially considered 'student checking' and while that was reasonable when I created the account, I haven't been a full-time student in over a decade. I suspect there may be other account types with less irritating rules.
By way of explanation: Last summer my bank started a policy wherein they automatically charge checking accounts a $10.50 maintenance fee each month. If you have regular direct deposits going into the account, you then receive an $8 credit, and if you get electronic statements rather than paper statements, you receive a $2.50 credit. In other words, being unemployed costs $8 a month and getting paper statements costs $2.50 a month. The former is not entirely under my control, but I could fix the latter and finally remembered to do so.
...
I should probably visit a proper branch office in person and ask a few question about my checking account at some point, because it's officially considered 'student checking' and while that was reasonable when I created the account, I haven't been a full-time student in over a decade. I suspect there may be other account types with less irritating rules.
no subject
(I just checked my own bank. There is a $5 monthly fee for checking if you get paper statements, but I don't, so.)
no subject
They used to charge a fee if and only if your checking account balance dropped below X level, which was basically an attempt to avoid dealing with bounced checks. I am fairly sure the 'must have regular deposits' rule is another way to approach the same problem. It's just that the first rule was a lot easier for me personally to comply with. *sigh*