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Released: November 18, 2011
Charging firms for cash deposits? To banks it makes sense
Source: By David Lazarus, Los Angeles Times (Free Registration)
Bank of America was forced by public outrage to retreat from a plan to charge people $5 a month to use their debit card.
But what if your bank told you that you’d have to pay it a fee to make a cash deposit? In other words, you’d have to give them money just to give them money. You’d be royally cheesed, right?
Yet major banks routinely ding their business customers with cash-deposit fees.
Read Full Article: Charging firms for cash deposits? To banks it makes sense
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