Saturday, May 21, 2011

Consumer Sovereignty Illustrated

The Post Office might be cutting back on service and hours (it wants to end Saturday delivery by early next year), but TD Banks ("America's Most Convenient Banks") are doing the opposite, they're open 7 days per week. 

4 Comments:

At 5/21/2011 6:02 PM, Blogger Rich B said...

We went to Commerce (now part of TD) after our Bank changed hands and increased fees. Seven day openings are great.

 
At 5/22/2011 7:34 AM, Blogger Bernie Ecch said...

Too bad consumer sovereignty can't do something about high ATM fees, minimum balances and the bank's role in giving too many bad loans (it wasn't just the CRA although that is a bad policy).

 
At 5/22/2011 7:56 AM, Blogger cluemeister said...

Is there a reason, other than political, why we need the post office today?

 
At 5/26/2011 5:31 PM, Blogger misterjosh said...

Bernie, why do you pay high ATM fees? I don't - I can't stand them! My bank doesn't charge me to use their ATM, so I plan out my cash withdrawals judiciously.

As for min. balances, not every bank has them. Why aren't you shopping around?

Banks HAVE to make money somehow. When interest rates are low, it's got to come from fees.

Bad loans? Stupid banks that made bad loans should have been punished for it. Instead, they got a shovel full of money thrown at them from the government. If you had a child who did something bad - say stole money to buy a toy, and you gave them candy, do you think that child would ever change their ways? No. It's that simple.

 

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