Hi BITOGers,
where you ever able to negotiate/waive down bank fees?
I have to put up a fight with BOA because an account i had for 8+ years dropped under minimum balance.
I don't want to keep any money with them since they don't have any advantages.
negotiating bank fees?
- Thread starter pandus13
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Most financial institutions I have dealt with will waive a fee once every 6 months if you call them and aren't rude to them about your situation. I have had to do this before with both Chase and BofA, because they charge you a late fee if you pay after 8pm on the due date 
Kindly explain your situation. And they likely will revert fees. TD Bank did.
I think my wife complained about paying some fee after our "Platinum" or whatever status slipped when our balance dipped and got it refunded...I don't know how many times that would work, though.
She was actually in a slow process of transferring funds out of there because she was getting a better deal elsewhere, but I think we're back to being super elite status at that bank for whatever reason. She's the CPA and I let her move our common funds as she sees fit (but not my retirement accounts), she shows me the net worth statement every month to show me how we're doing overall.
Yes, and it was with the evil big-bank called Chase.
I was on FLMA leave and my paycheck stopped when I ran out of PTO, which didn't take long. But the timing of the direct deposits took me almost all the way to the end of my leave time and helped me to avoid the fee until the last month when I had no more deposit activity. Literally the weekend before I went back to work I received my statement and saw the fee, so I took my FLMA paperwork in to the bank and asked the nice lady if they could waive the fee since I'd be back at work Monday and would start getting deposits and meeting the requirements of the account.
2 minutes later I had a credit on my account for that fee.
Interestingly enough, I've had fees at credit unions, aka the savior for us peons, where they absolutely refused to budge on the fee.
We had no luck trying this with boA and Chase. They just pull out their paper and point to the rules
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Never get hit with fees...PNC for most of our banking and a couple of credit unions for low-rate loans and savings accounts to stay active in their systems.
The one thing I'm tempted to do is call some of my credit card accounts and see about lowering interest rates...I try to minimize balances carried and try to use CCs with zero-interest introductory deals if I see a big expense coming, but sometimes I have to carry a balance and would love to keep interest as low as possible.
They absolutely can waive the fee if you call them.
When we bought our house last year Chase hit us with a $35 wire transfer fee???
Even though I pay hundreds of bills online and quickpay people for free? You charge $35 for a wire transfer?
They reimbursed the fee with no haggling, I just asked.
If they refuse to credit the fee I would take my money and close the account in a new York minute.
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Once tried to negotiate down a 24.99% rate on a store credit card (Menard's). Was never late on a payment and have a good credit score. Was flat out told "no".
So, I cancelled it right there. It was nice to be able to buy supplies for bigger projects and charge it all on one card, and it tended to make returns easier... but not at that rate.
I wouldn't fight with BOA's of the world. Find a good credit union that you can join.
Originally Posted By: mrsilv04
Once tried to negotiate down a 24.99% rate on a store credit card (Menard's). Was never late on a payment and have a good credit score. Was flat out told "no".
So, I cancelled it right there. It was nice to be able to buy supplies for bigger projects and charge it all on one card, and it tended to make returns easier... but not at that rate.
I wouldn't fight with BOA's of the world. Find a good credit union that you can join.
I got tired of all this fee factor. I don’t want to pay the banks to have my money there. Ten years ago I fired Chase
https://www.schwab.com/public/schwab/banking_lending/
Charles Schwab bank. Not the brokerage, they have a bank as well. No fees. No mins. ATM fee refund at the end of each month. In other words, it’s free. I’m a happy camper with them.
Originally Posted By: Brybo86
They absolutely can waive the fee if you call them.
When we bought our house last year Chase hit us with a $35 wire transfer fee???
Even though I pay hundreds of bills online and quickpay people for free? You charge $35 for a wire transfer?
They reimbursed the fee with no haggling, I just asked.
If they refuse to credit the fee I would take my money and close the account in a new York minute.
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Originally Posted By: pandus13
Hi BITOGers,
where you ever able to negotiate/waive down bank fees?
I have to put up a fight with BOA because an account i had for 8+ years dropped under minimum balance.
I don't want to keep any money with them since they don't have any advantages.
Customer Service will waive fees if you are nice.
Originally Posted By: mrsilv04
Once tried to negotiate down a 24.99% rate on a store credit card (Menard's). Was never late on a payment and have a good credit score. Was flat out told "no".
So, I cancelled it right there....
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Originally Posted By: JohnnyJohnson
Tell BOA to get lost find a good Credit Union.
Chase has already been good to me on fees
Took them 30 seconds to undo some overdraft fees
Originally Posted By: michaelluscher
Chase has already been good to me on fees
Took them 30 seconds to undo some overdraft fees
Originally Posted By: pandus13
Hi BITOGers,
where you ever able to negotiate/waive down bank fees?
I have to put up a fight with BOA because an account i had for 8+ years dropped under minimum balance.
I don't want to keep any money with them since they don't have any advantages.
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