A Cursed Blessing or: Banks Contra Credit Unions

Banks are possibly, after the Stock Market, the worst place to put your money. The excesses of over daft fees and direct deposit advances will leave the customer perpetually in debt. Credit Unions also have over draft fees but, they will not practice the direct deposit advance. Let me explain this practice to those who don't know. An institution will allow its' customers to take out a pay day loan on their direct deposit with unique policies all to the institution's profit. When errors in accounting occur at a Bank it is always to their benefit, which precludes the possibility of it being a random event or the odds of it being to the benefit of the customer would be 50/50. Then on top of this the rate of interest earned at a Bank compared to a Credit Union is substantial. To earn the same interest at a Bank one has to put into a savings account ten to twenty times the deposits that one would need for the same amount to be earned by a Credit Union. Think about all of this before you sign on to any Bank or their "bait" i.e. bonus checks for opening an account with their company.