XPost: rec.arts.sf.written, rec.arts.books   
   From: rod.speed.aaa@gmail.com   
      
   Gutless Umbrella Carrying Sissy  wrote   
   > Rod Speed  wrote   
   >> The Horny Goat  wrote   
   >>> Rod Speed  wrote   
      
   >>>>> (And those fees would, of course, be   
   >>>>> passed on to the customer. Like I said.)   
      
   >>>> Not to those who don't pay any fees.   
      
   >>>>> Nice dream world you've living in there, son.   
      
   >>>> No dream involved with fee free accounts, its reality.   
      
   >>> Fees are always passed on one way   
   >>> or another even when it's "free"   
      
   >> Not to the subset of customers who choose to use a fee   
   >> free account and pay their cards off in full every month.   
      
   > "Foregone interest" means interest that you   
   > would have otherwise gotten, but didn't.   
      
   And I pointed out that I don’t forgo any interest what so ever.   
      
   > There are *always* costs in doing business with a business.   
      
   There clearly is not with what I listed I do.   
      
   You're too stupid to work out how to do that yourself ?   
      
   Your problem, as always.   
      
   > Even if you're too fucking stupid to know what they are.   
   > You can minimize them for services that are ala carte, by   
   > not using the ones that have additional fees, but when   
   > they're included in the "free" account, you pay for _all_   
   > those services, whether you use them or not.   
      
   I don’t pay for a damned thing.   
      
   >>> - I convert Canadian into US dollars regularly in my work   
   >>> and there's ALWAYS a spread between the buy / sell rates   
   >>> and the rate that Wall Street Journal / Toronto Globe   
   >>> & Mail / Financial Times etc. quote as the 'market rate'.   
      
   >> Sure, but there isnt anything like that if you don't convert currencys.   
      
   >>> My bank drafts are "free" but there's always a 1 - 1.25%   
   >>> gap between buy and sell rates and that's where they   
   >>> get their markup and pay their overhead.   
      
   >>> A 'free' bank account always has fees (usually in the form   
   >>> of foregone interest) involved one way or another.   
      
   >> No. Mine, which pays the best rate in the entire country   
   >> has no fees what so ever on anything at all. It doesn't   
   >> even have any bad check fees because it doesn't do   
   >> checks, just electronic transfers which are completely free.   
      
   > Electronic transfers cost the bank a lot   
   > less than checks, so the fees are lower   
      
   I pay no fees what so ever.   
      
   In fact with transfer into that account, they pay   
   me interest on that money transferred from when   
   I initiate the transfer, not when it happens.   
      
   > (when they're not higher, because fuck   
   > you, that's why). But the cost is still there.   
      
   There is no cost that I pay, so it really is free to me.   
      
   >> One of the other ones actually pays you a small amount   
   >> if you withdraw more than $200 at a time at the ATM to   
   >> encourage you to use the account like that.   
      
   >> Another is completely free if you have more   
   >> than $2K per month deposited into the account,   
      
   > As opposed to paying you are reasonable   
   > interest rate on your money.   
      
   That’s wrong too.   
      
   >> and they don't care if   
   >> you withdraw that $2K immediately, so I have an automatic   
   >> deposit and withdrawal of $2K setup every month to that   
   >> other account that pays the best interest in the entire   
   >> country and those transfers are completely free too.   
      
   > Float is always profitable to the bank, one way or another.   
      
   Nope, its peanuts.   
      
   >> I keep them separate mainly so that even if someone   
   >> does manage to compromise my transaction account,   
   >> there is never more than the float in there, so its just   
   >> a very minor nuisance while the bank fixes the problem   
   >> for which they are ALWAYS legally liable, and there is   
   >> no possibility of them getting anywhere near the other   
   >> account which has the bulk of the cash in it earning the   
   >> best interest in the entire country. All with a full govt   
   >> deposit guarantee too.   
      
   >> All completely and absolutely free, no hidden charges at all.   
      
   > They do not loan out _your_ money at   
   > the same interest rate they pay you. Ever.   
      
   Irrelevant to the fact that I pay no fees what so ever at all to anyone.   
      
   Those banking services are completely free to me.   
      
   > To pay for your "free" account, the difference betwen   
   > those two rates is more than it would otherwise be.   
      
   In fact it isn't. Not only do that pay a higher interest rate on   
   deposits than anyone else, they charge a lower rate of interest   
   on their loans than anyone else does too. In the entire country.   
      
   > That you are too fucking stupid to understand this (and   
   > the many other tricks they have) does not alter the fact that   
   > there is no such thing as *free* in a "free" bank account.   
      
   Those bank accounts are completely free for me.   
      
   I do not ever borrow money from anyone, because I have   
   a fucking great pile of cash and investments so I don’t ever   
   pay a cent in interest charges at all, because I normally   
   pay for most things with the debit card so I don’t have   
   to fart around paying the card off in full every month   
   and on the odd few occasions where I choose to buy   
   something more expensive than usual like a new fridge   
   etc that is more than the float in the transaction account   
   I put that on the credit card and pay that off in full from the   
   account that pays the best interest rate in the entire country.   
      
   I really do have completely free banking.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)