I demand an associate degree in banking
2008-Sep-23 12:09:42 PM
(by )
[cmts 0]
I'd like to make a statement for the record. Banking institutions are ridiculously absurd. In 2006, banks collected $80 billion in service fees. For most, a "service" means helping or doing work for someone, but banks define "service" as any mistake you make that doesn't cost them anything to fix... surcharges, maintenance fees, courtesy services, setup costs, and of course the notorious overdraft fee.
But I'm not most upset about the fact banks are making as much money as they can off the poor. What bothers me the most is that banks are not good at the one thing we ask of them. I could put my money under a mattress somewhere, but then I couldn't access my money from other places in the world. I could carry all my money everywhere I go, but this would be a security risk and is entirely impractical. This is the only reason we need banks... and I have become increasingly aware that banks are not good at giving me my money.
Why, in today's modern world of Internet communication and global alliances, am I not able to walk into a billion dollar bank (in any country) and ask them to give me some of my money? If it isn't my bank, they can charge me a small "service fee" for the trouble of communicating with my bank and performing a "wire-transfer" (or whatever they want to call it). This fee would makes sense since they are not holding my money and cannot otherwise profit from it.
I won't go into the boring details. Instead, I'll just say by now I should have at least a banking associates degree for all the research and study I've put myself through.
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