I’m pretty sure Bank of America hates me. And I’m pretty sure Mint loves me. When one gives me lemons…the other one alerts me and reminds me to nag the first one for my money back.
Each morning, I log into Mint and get the latest transactions from my bank account. I like keeping track of my spending and renaming and organizing my finances. The faster I do this, the better success I have at remembering why there is a $20 charge from “Buff Bill” (that would be a local bar, Buffalo Billiards). My budget is always in sync and I can clearly see how I’m doing for the month and which areas to watch.
On Wednesday, I logged in as usual and I had an alert! I was charged a $5 maintenance fee by guess who – Bank of America! Of course it was them. I called up and found out that my one year grace period had expired on my savings account (that gives a whopping 0.10% interest!) I now had to either keep a $300 average daily balance in my saving account or set up recurring transfers of $25 per month. Plus, I have no idea why they didn’t give me a warning.
They refunded the fee, and my solution for the future is to set up a $25/month transfer in, followed by a $25/month transfer out a few days later. It’s a silly system, but if this is what they want, that’s fine with me. This will only last until November when I earn my Keep the Change bonus, at which point I’ll probably close the savings account (and leave the bank completely? I wish!).
So Bank of America, no matter how many times you try and steal my money, I won’t let you. Mint will keep reminding me, and I’ll keep fighting. Plus, you still haven’t given me my $25 bonus for using bill-pay, and I’m coming for that, too.
Daily Yakezie Short Carnival:
Garbage and excessive spending @ Early Retirement Extreme
Spending Money Wisely @ Canadian Finance Blog