September 3, 2008

What a bank doesn’t say

Everyone knows that banks and actually most large businesses never tell their customers the entire truth; they like to tell a story, which is reassuring to their customers. If the truth was known then maybe people would not shop or bank anywhere and that would just not do.

Below are some points which the banking industry may not really want their customers to know, and in fact the worrying thing is, what if these points are true?

Our branches are there to sell you, not serve you.
Our fees will only go up.
We change our interest rates all the time.
College campuses are a gold mine for us.
In debt? The courts will not help.
We are excited about your trip to Europe too!
For all the fine print, we do not disclose very much.
Your money might be better off elsewhere.
When it comes to banks, smaller is sometimes better.
Your online account info is not necessarily accurate.

Source [Smart Money]