Browsing articles in "Finance"

Why big banks need to go the way of the dodo.

Oct 26, 2011   //   by dietrichmd   //   Finance, rants  //  No Comments

Why we need to do away with big banks and let them go out of business.

Banking Sign

In the good old days (prior to 2000), when people wrote a check to someone, getting it cashed was easy…and free.  Fast forward to today, when I went to Regions Bank and was charged $2 to cash a check drawn on their bank.  I have always hated banks, especially the ones who nickle and dime their own customers (think Bank of America).  I have also understood the logic in not allowing non-customers to use convenience features, such as the drive through or charging non-customers to use their ATMs.  However, today I was charged $2 to cash a $35 check that was drawn from an account that bank holds.

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