Cerritos College
Cerritos College • Norwalk, Calif.

Talon Marks

Cerritos College • Norwalk, Calif.

Talon Marks

Cerritos College • Norwalk, Calif.

Talon Marks

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Paying to use your own money

Banks are ridiculous with the fees they charge and as a college student with not a lot of income, every cent counts.

Banks make plenty using customers’ money to invest and use. They do not need to nickel and dime their own customers.

They are a highly profitable business that does not need to use these greedy tactics.

As students and customers, we have to defend ourselves from these greedy practices that make banks even more money while not giving customers any additional benefits.

They charge fees for keeping a minimum balance, transferring between your accounts, breathing their air, using their space and not having enough transactions in a month.

A student account should not have the same fees as a normal account. Students are on tight budgets with school supplies, tuition, books and in some cases, living expenses.

They should not have to worry about their banks breathing down their necks and dealing with all types

of fees.

And now, according to a Los Angeles Times article, Bank of America is charging a $3 fee to its customers for depositing a check that bounces.

Representatives state that it is the responsibility of the person depositing the check to ensure there are enough funds in the first persons account.

This gives bank customers another possible fee to worry about.

Imagine if someone gives you a check; you now have to turn around and ask that person if it’s okay to deposit it, or else your bank will be taking its greedy wrath out on you.

It is also a customer’s responsibility to go after the person that gave him that bad check if he wants to get his money back.

As customers, we have to vote with our wallets and choose a bank that gives us the most advantages and the least amount of ridiculous fees.

When the fees are too ridiculous, you need to find yourself a better bank. What is the justification for charging its customers, who provide business, fees that should not be there?

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About the Contributor
Michael Garcia
Michael Garcia, Staff Writer
Spring 2015 Hi I'm Michael. I have been off for two semesters but i decided to come back as a journalism major. I'm interested in technology, hip hop, and video games. I started off as computer science major and even though I love technology I found that programming wasn't for me. I would love to write for a nerd/tech stie in the future. I have a passion for pizza.
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Paying to use your own money