Jobless Hit With Bank Fees on Benefits
The Associated Press: "First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents. He chose not to complain. That would have cost another 50 cents."
This is greedy, because the banks are taking money from people who have very little and whose choices in the deal are very limited. And it's moronic, because if you've set up a way to channel lots of people into using your services, the last thing you should be doing is making them hate you. You should be making them think of you as a good business partner. This is all about grabbing as much cash as possible as fast as possible, regardless of the harm done -- which is the kind of thinking that's behind the market collapse in the first place.
Solutions: 1) Complain to the bank in person. That way, you have an audience of other bank customers. If they get enough complaints, sometimes businesses backtrack and stop being so obnoxious. 2) Complain to all of your elected officials. Demand that they provide unemployment benefits in a way that does not include putting some bank's hand directly into the recipient's pocket.