WALL STREET, New York –
After an extremely banner year in 2015, many major banks across the United States, including American Bank and TD Banknorth, are planning on offering a ‘free money day,’ where their customers can stop by any branch location and have an extra bit of cash deposited into their savings or checking account.
“Basically, most major banks had extremely an extremely good year last year. We make a lot of money off of people by imposing ridiculous, unnecessary fees, and we’d like to pay that back now,” said TD Bank CEO George Fulton. “I mean, $35 every day you’re overdrafted, it adds up, right? As an example, we took in over $250 million in bank fees last year. We love money, but we’re also happy to share that back with our great customers who paid it to us in the first place.”
Bank fees, which are a notorious pain in the ass for anyone who has ever had to deal with them, are the biggest gripe among customers of all banks nationwide. Fulton says that this is a way for banks to “save a little face,” and get customers to fall back in love with banks.
“Stop into your local branch of any bank, and you will be eligible for a deposit in your account from anywhere from $45 to $250,” said Fulton. “It’s as simple as that. No catch, no fees, no issues. Just ask, and you’ll receive the money.”
Fulton says that banks are choosing the amount to pay based on account history and fees paid in.