Thursday, April 14, 2011 - 3:06 PMFees Equal Stealing
South Jersey Federal Credit Union 
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1 stars)
I just received my quarterly statement from South Jersey FCU. To my surprise I have given them $15.00 or $5 for the prior 3 months. Tomorrow I go to close the account. It is hard to believe that it costs $5 a month for a computer to keep track of someone's money especially when there is not any activity occurring on it. I am sure SJFCU is hurting for that substantial amount of money, but to me it is equivalent to thievery. I never received any statement indicating that I was in jeopardy of having my money stolen from me or else I would have gone and closed the account thus thereby saving them them the postage and the sheet of paper showing my new activity of taking the FEES. I will never suggest or give any positive comments about SJFCU to any fellow employee!! Funny thing is, in my statement there is an add from Sprint with the tagline "Why throw away your money?" They must have read my mind.
6
1. Thursday, April 14, 2011 - 5:29 PMThe fee schedule posted on South Jersey FCU's website should scare most clients away. $10 per month fee if your Money Market account falls below $1500, even though the rate on the account is only 0.40%, $4.95 per month fee on a bill pay account if inactive for 60 days, . . .
3
Alan32 posts since
Jun 7, 2010
Rep Points: 156
2. Thursday, April 14, 2011 - 5:51 PMBillpay is the latest tool for banks/credit unions to get more money from customers in a sneaky manner. Several banks/credit unions esptablsihed the rule that, if one does not use Billpay for 2 months, one will get charged a month fee (typically $5 or more). the justification is usually that it costs money for banks/credit unions to offer BillPay to customers.
Pleading ignorance can usually get the fee waived for first-time offense.
4
51hh623 posts since
Jan 16, 2010
Rep Points: 3,066
