Hacker Read

nraynaud · 2019-09-04 15:16:35+00:00

My BoA account has fees, my Axa account doesn’t.

And don’t get me started on trying to use wires with BoA, they won’t not even tell me why they are rejected, but still keep the $30 fee.

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polyfractal | karma 2877 | avg karma 3.06 · | 2011-12-22 11:48:11

Meh, they are just going to move that $5 fee somewhere else. And it will likely be somewhere much less transparent.

Nothing was won against BoA, they just pushed the fee someplace harder to find.

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joegahona | karma 1806 | avg karma 2.48 · | 2023-10-17 19:01:58

Sounds like this fee is for new accounts only.

refurb | karma 27208 | avg karma 1.53 · | 2020-05-21 14:55:16

Now you're onto a different topic - we're talking about charging fees on accounts.

rwbt | karma 926 | avg karma 3.97 · | 2022-08-17 18:55:04

That $25/month fee is for accounts that accept payments. I don't think debit accounts will have such a ridiculous fee.

Piero0909 | karma 48 | avg karma 2.82 · | 2022-08-12 08:22:04

I so feel your pain having lived it in flesh and bones and yes, we're just getting started but those are the pain-points we're working on fixing. Thank you for the feedback and we hope you try Pana. We do not have hidden fees like minimum balance or even debit card fee

panabee | karma 4131 | avg karma 4.46 · | 2016-03-25 19:57:04+00:00

can you please elaborate on why they don't have to pay ACH fees?

foobarbazetc | karma 2535 | avg karma 2.29 · | 2019-02-25 22:31:56+00:00

As long as you have 25k in the account they won’t charge the fee.

I thought SVB got rid of the startup accounts?

They jacked up our monthly fee to like $100/month and we ended up moving to Chase.

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ohstopitu | karma 854 | avg karma 2.6 · | 2017-12-26 16:19:50

Really? I was recently looking for business accounts at the big 4, and I saw that after a minimum number free transactions, any transaction has a fee (cash or not).

QuackingJimbo | karma 140 | avg karma 2.92 · | 2019-07-22 13:35:37

The ones who charge a fee don’t make interest on your balances.

timmclean | karma 771 | avg karma 5.75 · | 2014-01-11 08:53:23

I'm guessing that, if the transaction is rejected, then no fees are awarded -- I could be wrong though.

pmorici | karma 12372 | avg karma 3.51 · | 2017-08-11 03:04:46+00:00

> their bank transfer charges are proportional to amount transferred instead of standard flat fee.

I don't think that is true. From everything I've seen they only charge a nominal fee of 15 cents to do an ACH transfer.

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sillysaurus3 | karma 15505 | avg karma 3.87 · | 2016-05-21 19:12:32

Just double-checked the banking records. There's no base fee.

kaikai | karma 1099 | avg karma 3.94 · | 2022-10-05 17:56:51

Unfortunately that’s not how the fees work. You get charged for them whether you use them or not.

TingPing | karma 536 | avg karma 1.44 · | 2022-11-01 08:33:34

No. Financial services don't have fees.

kibwen | karma 47766 | avg karma 6.38 · | 2023-03-12 21:12:31

> None except those with bank accounts, who can expect higher fees

I'm not sure what these "fees" are, I've had a bank account my whole life and never paid a cent of fees.

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thaumasiotes | karma 22020 | avg karma 1.35 · | 2017-05-09 07:18:01+00:00

> $5 a month fee on low balances

The fee is not on low balances. It's on low loading volume.

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nerdjon | karma 4736 | avg karma 3.43 · | 2024-04-17 17:39:41

I never mentioned anything about the fee, just that you have to use a different store.

fighterpilot | karma 2346 | avg karma 2.24 · | 2021-08-10 20:11:21

They don't have any fees?

fastball | karma 11107 | avg karma 1.97 · | 2015-07-20 21:06:41+00:00

Fairly certain all cards dont have fees.