When did banks stop serving the community? The cost of being poor
Do you remember actually going into the bank on a regular basis? Do you remember going into the bank and the manager knew your name? Do you remember when you knew all the bank tellers by name? There was a time when the bank was a part of the community, where they made you feel welcome, where they actually wanted to see you come in. Today’s modern banking costs more money to regularly go into the bank and deposit money, because that kind of account is often an extra fee; nowadays they want you to use the machine or online only. Banking fees have also gone up exponentially for everything, and the banks have a clever system of offering you overdraft protection, with a cost of between $25 to $40. In fact, you must opt out of that costly protection program otherwise it is automatic. Sometimes, using your overdraft is necessary though, especially if you live paycheck to paycheck; but paying $30 for a $15 check, really? God forbid your account goes into the negative and you p...