Saturday, November 6, 2010 - 5:16 AMCitizens Bank
I received a letter from Citizens Bank that my free checking will now cost $4.99 a month!! I will also have to pay $3.00 for a monthly paper statement!! What a RIPOFF!! This will take effect on 12/05/2010. Time to close this account!!! and any other accounts with this bank!!
12 posts since
Jan 16, 2010
Rep Points: 128
1. Saturday, November 6, 2010 - 8:29 AM
Thank Obama for financial reform.
3 posts since
Jan 18, 2010
Rep Points: 13
2. Saturday, November 6, 2010 - 12:07 PM
Disappointing from the world's biggest bank (Citizens = RBS).
3. Monday, November 8, 2010 - 6:56 PM
Also got this notice in Massachusetts.
Funny thing is I opened this account when BofA announced it's new fees. However, my BofA college account is free thru 8/2014, and overall, BofA's fees are actually lower (overdraft policy is *much* friendlier and cheaper, foreign ATM fee cheaper, etc.).
With BofA's significantly better technology and surprisingly lower fees, I am closing the account at the "smaller" (yet probably) bigger bank I tried to use to escape BofA.
Also, given Citizens Bank is owned by RBS, you'd think it would have better ATMs and online banking. The bank still requires deposit envelopes to be filled out (name, address, account numbers, phone number, etc.), and the online banking, which was sadly revamped not even a year ago, still looks very amateur.
11 posts since
Nov 8, 2010
Rep Points: 18