On Monday, I called my bank to ask two things: First, if they would reduce the interest rate on my credit card. Currently it’s at 16%, and since I have outstanding credit, have been a customer of theirs since 1987, and have NEVER missed a credit card payment, I thought it wouldn’t be a problem. I was wrong, and they refused to lower my interest rate. I was peeved, but not overly so until I asked about the $8 monthly fee that had suddenly appeared on my checking account.
Apparently, my weekly direct deposit is $29 too small to waive the fee. The fact that there are four of these deposits made each month doesn’t matter to them. The website says more than $500 direct deposit per period, which I foolishly assumed meant per month. Apparently, there has to be a direct deposit of at least $500 in one transaction.
I was quite irritated when I hung up. My long history with this company apparently means nothing to them, nor does my always being prompt with payments. The two people I spoke to didn’t seem to care. It only took a few minutes after the phone call to decide that I was done with them. I did some research, and went to another bank whose policies made sense to me as laid out on their website. I brought a list of questions, and was really pleased with the answers I received.
Now I have a brand new checking account, and I already had a credit card through this bank that I had been using as a balance transfer card. It was 0% interest for the first year. I’m only 6 months into that year, so I just transferred another big chunk of my balance onto that card. If I can keep up the payments I’ve been making lately, the entire balance should be paid off by October, and I’ll be debt-free!
Spent since my last post…
$5.50 ATM Fees. When I opened my new checking account, I forgot to bring money to deposit, so I used the ATM there and paid fees from both banks. D’oh.
$75 on vegetables. I cancelled my outstanding order, and had to pay for the three boxes I’d received since my last payment.
$19.64 on doggy poop bags and a shower nozzle holder. I broke the shower a few days ago, tried to fix the part unsuccessfully, and was happy to discover that it only cost $6 to replace the part I broke!
$16.58 at McDonald’s. I know I know, hear me out…this morning, I got a call at 9:30 from one of my employees….my assistant manager never showed up to open the store this morning! I dropped what I was doing and fled the house to get to the store as quickly as I could, and I didn’t bring food, my jacket, or really anything that wasn’t RIGHT by the door when I left. I also didn’t get breakfast, since I wasn’t scheduled until 11:00 and hadn’t eaten when I got the call. I had to get food, and I can see the McDonald’s from the front of my store.