After 20 Years, All Of A Sudden Citibank Starts Charging Me A Monthly Fee

[Beetwasher]

I will be taking my business elsewhere.

They changed their policy apparently and sent me a letter. I don't recall getting it.

20 years I've had the account. Never a fee.

Buh bye Citibank.

[notesdev]

1. Good for you!

I'd recommend you look into an ING Electric Orange account... no fees, no minimums, plus they pay a good interest rate on savings. There's no brick & mortar bank though, but if you need one of those there are plenty with completely free checking accounts as well.

[Beetwasher]

2. Already Have An ING Account

I use it for savings. But I need a bank w/ easy access to ATM's.

I think TD Bank has free checking. I will be looking there.

My credit union is also a possibility, but access to ATM's is not terrific. But I'll see, I like the idea of using the Credit Union, but it may not be convenient.

[SeattleGirl]

3. Find out if your credit union is in a group with other credit unions.

Mine is, so if I'm in an area where an ATM from my specific credit union isn't available, and one from another credit union from that group is, I use it w/no fees.

[pennylane100]

4. Some credit unions use 7-11 ATMs

at no charge. At least the two that I belong to do, and I believe that you can also deposit checks at them although I have not done that. I always go in person or use direct deposit but they do not seem to have had any complaints.

[notesdev]

5. I minimize the ATM fees...

... by taking out cash in bulk. I'll grab the daily limit when I go to an ATM, and that will be my petty cash stash until it runs out. Keeps the finance costs to a minimum, it's no problem to pay $2 at an ATM on getting $400-500, that's a half percent.

[damntexdem]

6. I'm surprised they haven't tried to make it retroactive:

"Here's your monthly-fee bill for the last 20 years."

;-)

[grok]

7. Well, SOME1 pay for the 6 month forclosure moratorium

that Citibank just initiated last week. And YOU were just elected. got to maintian that profit margin!(if any)

More "rob peter to pay paul" crap that any large institution devolves into.

[wildflower]

8. What was the fee for?

I'm liking credit unions more and more.

[Beetwasher]

9. A Monthly Fee

I guess just an admin. fee. For the first time ever.

[Lydia Leftcoast]

10. They did that to me, too

Citibank was the account I used for receiving overseas transfers and because for a while, Citibank ATMs were the only ones in Japan that accepted foreign debit cards.

I'd been with them since about 1997.

Then in the spring of last year, my account went into overdraft, even though I had carefully planned my withdrawals and should have had $10 left in it after the last check of the month cleared.

I looked at my account online, and the weasels had charged me $15 in unspecified "miscellaneous fees." This wasn't the fee for using a non-Citibank ATM. I always subtracted that in my check ledger. This was just a "because we feel like it" fee.
And of course, they also tacked on an overdraft fee.

This would have been AFTER their bailout.

I got the overdraft fee waved, but I closed my account.