Via U.S. PIRG, we came across this AP article on the enormous fees that businesses are charging consumers. After noting how much Americans pay in unnecessary fees (e.g., $14.6 billion in credit card fees last year), the author lists twenty easily trimmed fees. Our favorites, inside.
fees
Comcast Sends Customer "Free" Self-Install Kit, Then Adds $9.95 Shipping Charge To Monthly Bill
By 4.2.09
Hillary discovered that her money-saving free digital service self installation kit from Comcast wasn’t so free after all when she got her monthly bill. She says they removed the charge when she called to ask about it, which further reinforces our suspicion that this is a sneaky plan to pass the cost of the free kit back to subscribers. If you request a free self install kit from Comcast, watch your bill for extra charges.
Chase Stops Charging $120 Annual Fee For Balance Transfer Customers
By 4.1.09 — Updated: 10.25.12
We wrote in January about a new $10 per month fee that Chase was arbitrarily imposing on customers who had transferred balances to their Chase cards. Well after having a little chat with New York Attorney General Andrew Cuomo, Chase announced that they’ll stop charging this ridiculous fee and they’ll be refunding customers’ previous payments.
Why Is Nokia Charging Customers More Than The Invoice Amount?
By 3.31.09
Nokia has already had a few problems rolling out its new touchscreen 5800 XpressMusic phone, including earpieces that go bad in humid weather and firmmware that wouldn’t work on certain big-city 3G networks on the US model, but now they’re screwing around with something serious: customers’ money.
Netflix Raising Blu-Ray Rates By $1 Per Tier
By 3.30.09
Netflix is raising its rates for Blu-ray subscribers (again). The rate change is between $1-$9, increasing by $1 for each successive tier. The breakdown, via Engadget, and what Netflix emailed customers, inside.
Man Pays $38 For Cup Of Coffee
By 3.27.09
Clifford Phillips paid $38 for a cup of coffee. Was it farmed on the moon? Nope, it was overdraft fees. [MSNBC] (Photo: Groovnick)
Bank Of America Charges You To Cash Its Own Checks If You're Not A Customer
By 3.27.09
Bank of America doesn’t think cashing checks drawn on its own accounts is a service that should be free to no-name people who come in off the streets—they want $6 for that privilege, one reader recently discovered.
Stop Hungry Hungry Hippo Banks From Gobbling Your Bucks
By 3.25.09
Oh noes! The Hungry Hungry Hippo Banks are trying to gobble up your happy money fish! You only have 5 days left to get them to stop by writing the Fed and saying NO to banks default stuffing you into an overdraft fee programs. Send an email to regs.comments@federalreserve.gov with “Docket No. R-1343” in the subject line. Or you can use this online form.
Why Do Lenders Want You To Use Your Debit Card Like A Credit Card?
By 3.25.09
A reader wants to know why Chase is pushing him so hard to use his debit card like a credit card when paying for things—they’re promoting a contest for people who do this, and on every insert or blank space in the paperwork that accompanied his newest card, they encourage him to always select “credit” over “debit” at checkout. Why?
Spirit Airlines Charges $10 For Buying Tickets Anywhere But Ticket Counter (Again)
By 3.24.09
Habitually awful carrier Spirit Airlines is bringing back its “passenger usage fee,” which charges passengers $4.90 each way for booking tickets online or over the phone. The only way to avoid the fee is by purchasing directly from a ticket counter at the airport. Convenient!
Taco Bell Typo Causes 11 Overdraft Fees
By 3.23.09
A Vancouver man says he was overcharged by Taco Bell — costing him hundreds of dollars in fees. The man used his debit card to buy $15 worth of Taco Bell for his family. The receipt read the correct amount, and he says he didn’t notice that his card had been debited $150 until he started receiving overdraft fees for each item he bought after Taco Bell.
Have Airlines Run Out Of Annoying Fees?
By 3.21.09
So, it’s not exactly good news, but between the toilet tax and priority boarding fees, Reuters thinks that airlines may have run out of “perks” worth excluding from a ticket’s base price. The bad news? All those new airline fees aren’t going anywhere. American Airlines, which last year pocketed an extra billion in “ancillary revenue,” calls them “a pretty big success story.”
Blog Gets Some Stupid Capcom Credit Card Fees Removed
By 3.20.09
It turns out that Chun-Li, of Street Fighter fame, does not want to charge you so many onerous fees on your Capcom credit card that attack over and over on your neck like that stupid bitch, Blanka. Just some of them.
Verizon Charges You For NOT Making Long-Distance Calls
By 3.18.09
Call it a “you’re not making us enough money” fee. If you don’t make at least 12.5 minutes of long-distance calls, Verizon is assessing some home phone customers a $3.49/month “shortfall charge.” If you want to get rid of the fee, you can, but you’ll have to pay a one-time $5.50 fee. Verizon told KING5, “that even if a person doesn’t make long-distance calls, they still have access to the phone network. The “shortfall charge” helps pay for maintenance of the network.” What a crock.
Your Credit Card Limit Can Be Reduced Below Your Current Balance
By 3.16.09
We’ve seen how available balances can disappear when lenders cut credit card limits, but SmartMoney points out that lenders can cut your limit below your current balance, causing all sorts of problems. They’ll send you a notice, of course, but you may not receive it for several weeks. Your best bet is to set up your own alert system. A web-based financial service (like Mint) will send you an email or SMS alert if your available balance drops below a specified threshold.
Homeowners Association Will Foreclose On Your House If You Don't Pay $267.58
By 3.16.09
Be careful what you sign when you buy that new home — because you might be agreeing to allow the home owners association foreclose on and auction off your house if you don’t pay your dues.
Banks Didn't Pay Into FDIC Coffers From 1996 To 2006
By 3.12.09
For 10 years—including the boom times banks enjoyed in the first half of this decade—the FDIC was prevented from collecting fees from 95% of financial institutions, which it would have used to further build up its safety net in the event it would someday have to bail out a bunch of stupid losers who confused banking with alchemy.
Private School Tells 300 Students To Pay Up Or Get Out
By 3.11.09
A new quarter just started this week at Marian Catholic High School in Chicago, and on the first day back, 300 students were pulled out of class and lined up outside the school, then told to contact their parents and pay their outstanding tuition or they’d have to leave. The Chicago Tribune writes that “by lunchtime, about 100 students were sent home-some confused, some embarrassed and a few angry.” The school says parents owe around $450,000 in outstanding tuition payments, far higher than usual, and that they’re trying to avoid layoffs and other budget cutbacks. Will the poor economy lead to higher attendance at public schools? “If you want a good education, you have to dish it out,” one parent told the paper.
