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Home Rip-off Alert: Your Bank May Be Lying to You

Rip-off Alert: Your Bank May Be Lying to You

Money

Banks are not disclosing fees and rules!

The U.S. Government Accountability Office undercover agents to 185 banks across the country. Their job was to determine if proper disclosure and rules and fees was being made to customers.
So, did the banks lie? Yes, they did! They did not provide a disclosure of fees about 80% of the time.
One example of this game are debit cards. They are massive profit centers for banks. Banks say they approve transactions you don't have enough money for as a "courtesy" to you. But what they really do is rip you off with an overdraft fee of $30-$40. The Washington Post reports that banks make $18 billion annually on this con.
So, watch your banks, and watch your money!
Money
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Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 to list your property for sale or to purchase a property in the Twin Cities Greater Metro Area.

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Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

Copyright © 2008 By Marzena M. Melby, All Rights Reserved
Posted Tuesday Apr 08