And then throw dog poop on their shoes?
I’ve never heard of low balance charges. Is this a common thing where you live, cos it doesn’t seem to be in the UK? Sounds somewhat crappy.
It’s fairly common. What some banks do is offer two different savings accounts: one with a very low interest rate that you can keep two pennies in, if you want to, with no penalties, and one with a higher interest rate that will penalize you if your balance dips below a certain amount. Some banks just have the latter as their standard. In my case, the bank had fees if your balance was below ten dollars, if I remember correctly, and since I had a zero balance, they were adding fees every month without my knowledge.
Didn’t the fees take you over the ten dollar minimum? I’m guessing the bank have some cunning get-out clause/exclusion/excuse?
Thinking about it, there are savings accounts here that have a minimum deposit but I don’t know what happens if you go under that. I presume you just don’t get any interest. More common is a higher rate for a longer notice period (eg. 90 days) but if you want your money quicker you forfeit a certain amount of interest.
The fees didn’t add to my account balance. I had nothing in my account, and they were automatically adding fees every month to my zero balance. They didn’t realize it until I called and pointed out that I’d closed the account years before.
Of course. Sorry, ignore me, I’m being thick 
This topic was automatically closed after 5 days. New replies are no longer allowed.
