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It might cost you.

Citibank customers noticed this fine print on their bank statements recently:

“Effective April 1, 2010, we reserve the right to require 7 days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”

Wanna grab a few twenties before you head out for the night? Well, you better have written Citibank a letter a week earlier and let them know.

Of course, Citibank tried to calm fears by saying they had to put this in their statements after they moved to unlimited FDIC coverage back in 2009. They stated they’ve never exercised this practice, nor do they plan to in the future. However, they also said they reserve the right to do so if they so choose.

With stricter credit card rules and regulations going into effect today, something tells me we’ll be seeing this fee become a standard practice sooner than later.

Just another reason to join a credit union.



No shit.

I’m actually in the process of leaving US Bank (which sucks), but I’m also an annoyed past customer of Bank One (sucked) and Chase (which was once Bank One and also sucks). I also highly suggest people stay as far as humanly possible away from both Capital One (sucks) and MasterCard (sucks) when it comes to credit cards.

I have been royally bent over and nickel-and-dimed to death by each and every one of these greedy-pig corporations, and refuse to give them another penny of my money.

I’m joining a credit union this week and encourage all of you to look into doing the same, especially if you’re sick and tired of the ridiculous fees they charge you for absolutely nothing.

I know this might be an old way of thinking, but banks make their money off the interest they charge other people when they lend it out. By depositing your money in their bank you are doing them a favor, not vice versa.

Remember that the next time they charge you a $4 “convenience” fee, a $7 “maintenance” fee, or a $15 “overdraft protection” fee. They’re pigs, all of ’em.

Money under the mattress is next,


Old Poop!