When banks wonder why everyone in the world thinks that “banksters” should be thrown off cliffs en masse, this would be one of the reasons.
From my bank (First National Poundoflesh, LLC) comes this little snippet:
So let me get this straight, you fucking Shylocks: you institute a bullshit fee for “low debit card usage” (Ignoring the fact that it’s my money you’re sitting on as it earns interest for you), and then you have the unmitigated gall to post tips on how to avoid the fees?
Why not just eliminate the fee to start off with?
Actually, the reason they encourage use of the debit card is, of course, the transaction fee they levy on the retail outlet each time the card is used.
So if you don’t use your debit card that often, what you should do is buy something small (like pack of gum or a single can of Coke) several times a month. No low usage charge, and practically nothing to the bank for the transaction fee. Here’s the math:
Monthly low usage charge: $8
Ten debit card transactions (to avoid the fee) @ (say) $1.50 ea. : $15
Transaction fee total (@1.75%): $0.26 income to the bank.
Add this bullshit to the 25,000 other reasons to hate banks.