On 1/10/2012 9:34 PM, Bruce wrote:
@gm ail.com wrote:

On Jan 10, 6:36=A0pm, wrote:
wrote:
On 09/01/2012 21:33, wrote:
On Jan 9, 10:30 am, =A0wrote:

While people at ATMs are usually doing fast transactions,
there are usually more of them on line than there are on a
teller's line. Unfortunately, when you get on a teller line,
you usually are behind some bozo who wants to do 6 months of
banking in one visit.

I always thought that this just happens with me, especially
when I just want to complete one very quick transaction or buy
one postage stamp.

When this happens, you should perhaps remind yourself that the
customers who take the most time are usually business customers
who pay significant bank charges that help fund free banking for
personal customers like you. =A0;-)

I always figured that they got free use of my money, especially
with my checking account, which pays me no interest at all. THAT
should fund my free banking.


In your dreams. When my bank introduced free banking for personal
customers, it raised charges for small business customers by 150%.

Even if that's true, and I have a hard time believing those things had
much if anything to do with each other, why didn't you move to a more
business-friendly bank when they started doing that?

Your "free" banking is funded by higher bank charges for business,
ultimately passed on to, and paid for by, the customers of those
business, i.e. you.

I don't know if it's different in the UK, but free banking here is
generally just a way to soak the poor. For most people, it comes with
no interest return and nearly usurious fees.

Generally, the strategy was to lure people with with perks and remove
them over time.