Banks Charge Hidden Fees for Cashing Unemployment Checks
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First, Arthur Santa Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents.
He chose not to complain. That would have cost another 50 cents.
So he took out some of the money and then decided to pull out the rest. But that made two withdrawals on the same day, and that was $1.50.
For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to nike free austrlia get the money or even to call customer service to complain about it.
Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America cheap nike free run Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed have no choice but to use the debit cards. Some banks even charge overdraft fees of up to $20 even though they cheap nike free could decline charges for more than what's on the card.
There is no end to it. They've got $billions$ in tax money our tax money which they're using for bonuses and Superbowl parties, meanwhile they're nickel and diming broke, laid off workers.
This is getting ugly and stoopid. Wall Street is so tone deaf, on a run of such incredible greed that it is apparently willing to suffer the slings and arrows of hatred, distrust and disgust for the sake of 50 cents. The image of a Fat Cat squeezing the very last ounce of blood out of an emaciated working man went out with Thomas Nast, or so we thought. But it hasn't. Not the image, not the reality.