Integrity or lack of it....

@myst4au wrote:

I thought that a $35 monthly fee for not maintaining $300 on any one or more single day was high, but $8 per day is $240 a month, which is essentially 50% of the $500 threshold for no fees. I find that mind-boggling.

I don't know about other banks, but Chase has no daily fees on checking or savings accounts. They are all monthly fees. They also have a $200-$350 bonus for new customers.

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Misunderstanding again...8.00 monthly fee acurring daily, not 8.00 a day.

Live consciously....

Irene -

I am pretty sure that Bank of Italy (which started in San Francisco) merged (in 1928) with the one my instinct tells me you went to. In NJ, they have an $8 a month fee for being under $500 and give 60 days to get to $500. Maybe you encountered a very ill-informed CSR. Despite many mergers, they still operate under the original charter of Bank of Italy. They are currently the 2nd largest bank in the US. The #1 Bank (which I forgot earlier today that I also shop occasionally ) has a $5 or $10 monthly fee or a $300 minimum balance.

I have come to realize that after shopping a given bank over and over again, I sometimes know more than some CSRs, but I never correct them. I just report what I am told.

@Irene_L.A. wrote:

This was for the largest bank in the country (not bank of Italy), but close....I'm sure your instincts now lead you to it....bank of _____.go for it.

Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008

When I was executor of my mom's estate and had to visit a few different banks to handle her accounts I discovered how ill informed some of the bankers were. The former stagecoach company actually told me that since my two kids were with me at the bank and my two nephews who lived 3000 miles away could not come in person they could just split the account that listed all 4 grandchildren as beneficiaries and give half to each of my kids. And then they said if my kids wanted to they could give their cousins half. OMG! I thought. And this was by far not the only strange and illegal thing I was told by banks. And banks are not the only places where I am told things that are obviously incorrect to me.

sandyf,

I was told something similar by someone at my parent's bank. They said as their executor I don't have to split their estate equally with my sister if I don't want to. Not that my parents are dead yet and not that I would do that.

Kim

Edited 1 time(s). Last edit at 06/24/2019 12:59PM by kimmiemae.

When I handled my mom's estate I discovered that I could have taken so much of her money for myself and unless my brother's asked to see everything I was doing, and they had the right to do that but I doubt many people do ask unless they do not trust the executor, they would be none the wiser. A note to anyone who is inheriting. If you have any reason to distrust the person who is handling the will, ask to see the books. My mother chose me as she knew if there was anywhere to split something unequally I would give the larger part to my brothers and not myself and they knew that too.

@kimmiemae wrote:

sandyf,

I was told something similar by someone at my parent's bank. They said as their executor I don't have to split their estate equally with my sister if I don't want to. Not that my parents are dead yet and not that I would do that.

I felt the banker didn't know the latest program for opening a savings, no promotions told, but you'd think they would have accepted my report even through I didn't open account so she could be retrained. I wrote report, but what's a peon like me "the shopper" going to do.....they lost my account, I will go to Chase with no fee.

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