No More Free Checking, You Can Thank Obama's Financial "Reform" Bill

[AuDiBelle]

Originally Posted by MotleyCrew

I have lived long enough to know first hand that when the liberals are in charge my life becomes far more expensive and the poor still remain poor.

That statement pretty much sums up this entire thread.

I love my bank and I hope all these new regulations don't affect my accounts with them. I have 100% "free" banking, plus free safety deposit boxes, free paper and document shredding and all sorts of other perks including interest bearing checking. I don't pay any ATM fees or check fees, although I rarely write checks. Online banking is at no charge, and I don't pay overdrafts either since I have overdraft protection (not that I've ever even needed it).

If the terms on my accounts change I will be very upset. It's bad enough that my health plan will be facing major changes thanks to Obamacare, but now my banking too. well I hope not.

[rikensquire]

It's a bitter pill. Speaking of which, anyone heard that we will be issued those pills that illustrate just how poorly we've brushed, by highlighting the places on our teeth untouched by the brush or toothpaste? Two pieces of toilet paper per deposit in the restroom, restricting governors on our speedometers, sure it sounds crazy, but who'll bet their next year's salary that we won't see these additions to our "protection" by the government.

[TKramar]

Originally Posted by swagger

Nice try, tk.

How would you electronically pay my business, which does not do direct debits, without using a credit card?

Here, I'll answer it for you. You would either send me cash or a check, or wire the money. Those are the only options. Trust me - I know what forms of payment we accept.

That's fine, but that was NOT what was asked. It was simply asked how you could pay electronically, and I mentioned a method that I was familiar with. I could pay my rent electronically too, but I'd rather wait, KNOW I had the cash, and bring them cash every two weeks--I don't believe in leaving that money sit around a full month, I could potentially overspend. I pay half the rent every two weeks when I get paid--in cash.