by PMLurker » Tue Feb 21, 2012 8:27 am
There are reasons why banks are tightening down now. Anyone heard of the Volcker Rule?
In the past banks have made money lending out their deposit base. But the Volcker Rule is changing that as it will not allow banks to invest depositors money. It doesn't matter if you have 1k, 90k or more in the bank, they will not able to do much with it.
The way banks will make money in the future are through fee based services. Banks are a business and have a right to try to make money.
If you want to get on good terms with your bank, they need to make money off you with their fee based services. Some ways banks make money are from customers using debit cards, credit cards, buying money orders or visa gift cards, wire transfers, credit card processing services, auto or home loans, stock trading commissions, etc.
If you're not a profitable customer with them, they are not going to go out of their way to help you. I think the 10c/roll fee is more or less a way to try and get you to stop buying coins -- they will cut you off eventually unless they see you as a profitable customer.
Read up on the Volcker rule if you haven't already.