Saturday, April 11, 2009

How to Reverse Bank Fees

How to Reverse Bank Fees
For the average consumer a small charge on their statement for a bank fee isn’t a big deal, but when you multiply these small charges by the millions of people with bank accounts it becomes a big deal. These charges are gravy and pure profit for the banks.

A person should never have to pay bank fees ever again.

Bankers are salesman. They are there to sell you stuff. If they can’t make a sale, then they are servicing your needs. Bankers will go through mumbo jumbo tools to make you think they can’t do anything. What the average person doesn’t know is they can override these tools. In fact it’s your duty as a consumer to make them override these tools.

The first thing a person can do is just not leave the seat by asking questions. If you have a bank fee, there is no such thing as a stupid question. Sit there and filibust until the banker offers you a solution to leave your seat. You need to walk in there with a goal of not leaving until you no longer have a bank fee. This is a silent negotiation. The bankers time is worth money. They need to sell stuff. Make them make an executive decision to get you out of there.

Example if the fee is five dollars you want removed, take up half an hour of their time. If they don’t remove the fee the first time, then come back. They’ll remember you and be a little more forgiving. They’ve got quotas to meet.

In this economy a lot of the banks are having trouble in the stock market. What you can say as a stockholder is you’ve been shafted and are riding the ship out. The last thing you want is to add insult to injury. Then following the previous advice, don’t leave, ask questions. Filibust. They will do whatever it takes to get you out of there.

Another way to reverse a bank fee is to go in under the guises of purchasing a new product like a tertiary checking account. This will make the banker salivate, but until you do, you have a couple of annoying fees. The best time to do this method is at the end of the month, or right before closing time. Believe it or not! Bankers are not wolves. They are people that want to go home to their distressed spouses, and if you don’t let them leave then they would be more than willing to help you with your silly little fee

The last method of getting a bank fee reversed, especially if it’s the pesky kind to close an account like a retirement savings is to not have any money in there. This way they can’t charge you 25 dollars or however because it just isn’t there. You can’t take nothing from nothing, and if you are you’re dealing with derivatives which are a completely different ball game.

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