Just discovered after the bank turnover from one group to another: my children’s SAVINGS accounts now must have a minimal balance of $400 per month to avoid the $4.00 per month maintenance fee. With the prior group, the minimum was $350. Considering the small balance we have invested with their bank, they refunded the $24. Of course, only AFTER I called them on this... (I realize this amount of $$ may be considered nothing by some; however, it is where we are as a family, and I am merely sharing the ridiculousness of the banking “business” from my perspective.)
I always find it a really poor argument that it casts the bank money to have money sit in the computer.
How are you supposed to teach kids, when the bank is being absurd.