Bank Fees Are On The Rise

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The reason is that business checking accounts are huge profit centers for the banks. Especially retail customers who require a laundry list of services.
Among the needs of retailers, restaurants and others are disposable bank deposit bags. These bags are already upcharged tremendously, but the handling fees can be exhorbitant. I have been told over and over that banks price their deposit bags as much 4 times the price they pay for them.
Bank of America personally told me when I was supplying them many years ago, that deposit bags were targeted as a profit center for their bank. Recently I have seen them charge $.24 each for a bag you could purchase elsewhere for a bag that would cost you can purchase for $.10 each at http://www.tampertite.com/.
Banks would like you to believe that you must purchase their bag.
This is not true. You have no more obligation to pay their high prices for deposit bags any more than purchasing your checks from them (which no business in their right mind would ever do).




