True which is precisely why banks used to charge a small monthly fee to have an account. Then one bank offered "free checking" and all the rest had to follow suit or lose all their DDAs. There are evil banks out there, and customers flock to them.
Frankly if you were looking for dishonorable behavior there is much worse going on at banks. For instance its widely known that a certain bank will report its current customers to chexsystems for the slightest infraction (a few overdrafts, or a returned deposit). Effectively this makes the customer unable to open an account at a competitor. So they remain stuck with bank of scam-erica.
Frankly if you were looking for dishonorable behavior there is much worse going on at banks. For instance its widely known that a certain bank will report its current customers to chexsystems for the slightest infraction (a few overdrafts, or a returned deposit). Effectively this makes the customer unable to open an account at a competitor. So they remain stuck with bank of scam-erica.