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Breaking Up With Your Bank

Thursday, February 14, 2013 - 8:53 AM
If bank relationships were like romantic relationships, divorce lawyers would stay pretty busy – at least, busier than they already are.

A survey by McGraw-Hill Credit Unionshows over 70% of consumers would like to break up with their bank. Fees rank as the top reason, but it turns out there are a lot of irreconcilable differences.

Breaking up with your bank
ShorebreakShorebreak2,674 posts since
Apr 6, 2010
Rep Points: 14,508
1. Thursday, February 14, 2013 - 10:17 AM
In the spirit of Valentine's Day.........

It would be a lot easier all around if only you could leave the banking relationship with a graceful (and often truthful) "It's not you, it's me".  The fond memories and good feelings go out the window when they start talking about account closing fees and (sometimes) requesting written documentation of the request. 

But on a positive note, there's this:  At least you know you're not going to run into your ex-bank at a party and have to be cordial.  Depending on how long you were together, you probably hadn't agreed on "our song", so you won't be reminded of the scoundrel every time you hear it.  Your friends don't have to choose sides, and here's the biggie:  getting over the breakup doesn't involve a box of Kleenex and a half-gallon of Haagen Dazs (or a bottle of 12-year old Glenlivet).

Not that I speak from personal experience with any of this, you understand.  =)
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
Rep Points: 6,378