Why it costs money to get your own money

Leave a comment

Click the link below the picture


Banks are in the business of making money, and a lot of it — even if that means charging you to deal with money that’s yours.

From ATM fees to overdraft fees to maintenance fees, banks have all sorts of ways of extracting funds out of consumers. You go to an out-of-network ATM for cash and wind up paying a few extra dollars. You don’t have a ton of money in your checking account and notice your bank is charging you each month just to hold onto your (dwindling) funds. Maybe you screw up, accidentally try to spend money that isn’t in your account, and you get slapped with a $35 overdraft fee. Or you don’t have a bank account, need to cash a check, and the place where you do it winds up keeping a cut.

The whole thing can feel a little gross. Sure, banks are private businesses beholden to shareholders. At the same time, it’s hard not to look at the ways big and small they’re scooping up extra cash and think wait, what? Banks made $279.1 billion in 2021, up $132 billion from the year before.

“One might want to question whether the amount of fees that are being charged are necessary to cover the costs, given those levels of profit margins,” said Brian Shearer, senior adviser to the director at the Consumer Financial Protection Bureau (CFPB), which recently launched an initiative to look into what it describes as “junk fees” from banks and financial institutions. “One, they add up and they really can have a substantial impact on consumers’ pocketbooks, and, two, we’re concerned that they distort the competitive process and have hindered overall competitive forces in banking.” The concern is that consumers aren’t able to effectively comparison shop because of practices such as drip pricing or hidden pricing that hide actual costs. Basically, if you’re looking for a new bank and on the back end there are all sorts of fees you don’t notice, you might not make the best choice for yourself — and banks won’t have to compete as hard for your business.


People at a pair of ATMs.Out-of-network ATM charges can make it pricey to withdraw your own money.Patrick T. Fallon/Bloomberg via Getty Images



Click the link below for the article:




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


E' solo un punto di vista


Something for Everyone!


Our opinions don't stink!

JaZzArt en València

Faith saved us from the savages that we were, losing faith makes us savages again


ne güzel blues ne güzel karanlık

The Page After

Tutti i libri e i migliori fumetti pubblicati ogni giorno, recensioni settimanali e qualche curiosità.


"It is better to travel, than to arrive." - Buddha

The Novel: UnHoly Pursuit: Devil on my Trail

If you love mythology? You'll love this series. The UnHoly Pursuit Saga and related series. Paranormal romance, demons, saints, angels, Azazael, witches, warlords, fiction, fantasy, antichrist, harassment, devils, hell, spirituality!,

Tauty World

Blog Blogging Story Magazine eBook Podcast

Poet The Mirror

Poetry My Religion


𝖠𝗇𝗈𝗍𝗁𝖾𝗋 𝖶𝗈𝗋𝖽𝖯𝗋𝖾𝗌𝗌.𝖼𝗈𝗆 𝗌𝗂𝗍𝖾.


My writings of fiction, essay, poetry, observation & commentary

Printer Driver App

Download Printer Drivers & Software

The Paltry Sum

Detroit Richards

Our Lives Today

Our lives in the present age.


Life is a story, waiting to be told

Bangla Vlog

News for All People


arbindkumar475151597. wordpress.com

Goals & Good Vibes

self-development, inspiration, & healthier living

Riding With The Outlaw

When Freedom is Outlawed, Only the Outlaws will be free

Happiness for a moment with you....

I'm glad I learned to express my thoughts clearly and everyone loves to read them. Sometimes it takes a lot of thinking power to think about the surroundings. Someone who likes it, someone who enjoys it, appreciates that he is writing very well. Reading and commenting on the post I wrote would give me a lot of bullshit and I would get new ideas to write new ones. I'm really glad I got your response.



Driver Printers

Download Printer Drivers and Software


Mensen maken de samenleving en nemen daarin een positie in. Deze website geeft toegang tot een diversiteit aan artikelen die gaan over 'samenleven', belicht vanuit verschillende perspectieven. De artikelen hebben gemeen dat er gezocht wordt naar wat 'mensen bindt, in plaats van wat hen scheidt'.

Free Islamic Dua For Love Back and Solve All Life Problems

Love problem Solution in just 2 Days: Lost love back, ex love back, ex husband back, ex boyfriend and other all love problem Solution. +91 9950815584



Beneath The Bones

seeking inspiration

Speranze Letterarie

Lettura racconti gratis - Free reading of novels

Following A Bold Plan

When In Doubt, Go Big.

2022 Fun Blog

Interesting posts

Printer Drivers

Download Printer Drivers

Hi Buddy

Supportive & Friendly


My Third Eye Vision...Vision of a Naturalist!

Smith Shine Poetry

When the Soul Cried Out for Meaning

Ventana literaria

La poesía es la libertad del alma.

Buffalo Retro Gaming

Retro games, music, history and culture.


Losprojm is a creator of content, arts and videos.

Free Tantrik Aghori baba ji in India - Vashikaran free of cost

Free aghori baba, free tantrik, love problem solution, love marriage specialist,

Indian Vashikaran guru Solve Your All Love Problems

Indian Vashikaran guru ji provide solution for love problems, marriage problem, relationship problem call and whatsapp now +91 9571613573



%d bloggers like this: