Do banks make too much in service fees?

Canada
November 6, 2006 2:06pm CST
Do banks make too much profit on us from service fees? Should we revolt and keep our money in our matress like they used to do in the old days?
3 responses
zeus1a
@zeus1a (1046)
• Netherlands
6 Nov 06
I would consider that more than obvious! I name banks..the legal "Godfather"..take one simple think..at least here in europe.You deposit your money they give 1 letsa max of 4 %..when you borrow from them they start from 10-15%...
lcordil
@lcordil (65)
• Canada
6 Nov 06
The legal godfather thats funny!!! It does suck doesn't it. My husband was just serviced charge for making a deposit over $1000 whats up with that?
rosettaresearch
@rosettaresearch (1285)
• United States
6 Nov 06
Keeping it in a mattress is not very practical. However, the biggest source of fees for banks is non-bank ATM fees. THis is when you use another bank's ATM machine to get money from your bank. Even though it is only $2, this adds up from everyone doing it. So, screw the banks, only use your bank's ATM machines. Or get cash from a point-of-service transaction such as buying groceries. THere are no fees associated with this.
BrendaA
@BrendaA (365)
• United States
6 Nov 06
I feel that they do. Especially with all the self service going on. I do my banking online most of the time. I do not write a lot of checks, and I am not unusual. So there cost I would think is becoming less and less. So why are we paying more and more.