Bank Fees

First let me say that I think the new direction of this site will be anything financial and not just credit. But the Credit Monster is still going to attack it all.

So let’s talk a little bit about bank fees. These banks are supposed to be the financial gurus that are running our money and economy yet the only way they can figure out to make money is to charge more fees.

This does not paint an encouraging picture for me about the state of our financial institutions. I do what I do and when I need to figure out a way to make more money I don’t go and gut the current customers I already have, nope, I find either a new method or business line to make things change. Why aren’t the big banks looking into this stuff. Hey there are businesses doing payday loans. I don’t know why a big bank couldn’t do that too. Why can’t they go into insurance services? Why can’t a bank not just be the place where you go for checking and savings, make it be your one stop shop for many personal and family needs.

So as the big banks continue to gut their current customers and of course those customers leave they face an uncertain future. We need the leaders of the financial industries to have more incentive to do their best. Right now too many get too huge a paycheck and they don’t care if the company fails or looses money because they still get paid. Maybe we ca make it so that those big salaries are based off performance. You should never get paid just because of the position you are in, but instead you should get paid based off the performance you put out in your position. You want to make millions as CEO then do the job right and deserve that money.

Just and Update