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Originally Posted by greeneyes
That's not true that it costs us "NOTHING." Checks still have to be routed throught the Fed which costs us PLENTY.
And aside from the Fed costs, a teller cashes that check in a bank building. What pays for the employees' wages and the buildings' overhead? Bank fees. You speak as if all the fees are pure profit and they are not. We're not nickle and diming you to death for no damned reason, we are a business, we have to make money! People say that banks shouldn't charge fees, but why? We are a business for crying out loud. We have bills to pay, are charged interest from the Fed on all the money we borrow (yeah, by the way, Greenspan doesn't raise prime, y'all... he raises the rate at which banks borrow money from the Fed which in turn affects prime), and still have to try and turn a profit just like any other company.
And if a bank is a "multi-billion dollar" company, I say good for them! They are a business that offers a service that people do not have to purchase and are still able to be successful... and that's the goddamned entrepreneurial dream.
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Because it's not like banks make money any other way than bank fees. I deposit my money into a bank so that they have the PRIVELEGE to invest it into something else. They give me a fraction of the money that they make back in the form of interest (%.5 on $10k, are you kidding?). Any bank that charges me a fee to deposit money *cough* BofA *cough* has got this whole formula completely wrong, since a large portion of their income comes from investing the money deposited/loaned to them.
Banks are useful and server a purpose, and larger ones can provide more services, but make no mistake, teller fees are in fact nickeling and diming people and a slap in the face. I refuse to use a bank that gives an interest rate lower than my current amount and I also refuse to use one that in any way charges teller fees. Some banks are better than others, the ones I am using now are the best I can find, damn you people in military credit unions. Like anything else, people should shop around until they find one that suits their needs.
And to get back on topic, in your defense guthmund, expired licenses are valid id's in some states for acquiring new drivers licenses, so I could see the idea that an expired license should be acceptable.