Friday, July 8, 2011

Bank Fees -- Getting them waived

About every three years they realize I have a free business checking account and want to start charging me again. This months statement had $21 in bank service fees due to a policy change, so it was time to see if I could get them waived again?

Securing free checking is a business dance where not all of the steps are choreographed at the start of the dance. To win, I did the normal moves that I have learned over the years, but today there was a new move. The branch manager said that I had to leave without knowing his decision. It was unsettling, not only what he said but how he said it. Everyone I know would have tried to secure the deal at this point and blown it. But I understood that if I walked out not knowing, that I would win. This step was merely part of today's dance.

I've always succeeded in securing free checking for myself, and for every client too. Think how much money I saved for my business today? ($21 month, times 3 years = $756 saved). Why should you get free checking? As a business customer, even though you have more transactions than a personal account, you maintain a larger overall balance, which the bank invests for profit. So not only is it possible to get free checking; it's your right, and my privilege to help you.

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