how is it legal for a bank to charge a low balance fee that continues to make your balance lower?

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2007-01-08 07:02:40 · 3 answers · asked by monkeybugs2000 1 in Politics & Government ➔ Law & Ethics

It was disclosed to you when you opened your account. You agreed to it as a condition of having an account at that institution.

2007-01-08 07:05:37 · answer #1 · answered by Citicop 7 · 0⤊ 0⤋

'Tis called a contract, my friend, in particular the one you signed when you opened that account with a minimum balance.

2007-01-08 15:05:53 · answer #2 · answered by Perdendosi 7 · 0⤊ 0⤋

It just is. Switch to a credit union. They have respect for their member-customers.

2007-01-08 15:05:29 · answer #3 · answered by Anonymous · 5⤊ 0⤋