Overheard on CNN.com: Banks aren't getting the message
Citi announced new banking fees for its midlevel clients Wednesday, which was not popular with CNN.com readers.
October 5th, 2011
04:18 PM ET

Overheard on CNN.com: Banks aren't getting the message

Comment of the day:

“How ironic that this story sits next to a story about Occupy Wall Street. Someone did not get the memo.” - BillyRyan

Citi raises checking account fees

Citi announced Wednesday that they are slapping customers with another fee — this time on midlevel checking accounts — for members who do not maintain minimum balances of $15,000 on their combined accounts.

And for CNN.com readers, the announcement seemed like the straw that broke the camel's back: they were livid and encouraged Citi clients to withdraw their funds. Others shared their positive experience with credit unions and said people should follow in their footsteps.

RogerBlatto said, “How completely arrogant and greedy can these banks get. They likely know that 99 percent of people cannot afford to keep $15K in cash in their accounts. So charge them $20 while you let the rich get a free ride? Maybe these Wall Street protesters have a point after all.”

tstorm9200 said, “Credit unions are about to explode in growth!”

Mindurbiz said, “Welcome to the impact of government regulations. You clip previous revenue streams and they end up being distributed across the board.”

Richard Buchanan responded, “That's exactly what the banks want you to think and say: Blame the government not the rich CEO's and Wall Street tycoons…”

tstorm9200 also responded, “You couldn't be more wrong. It's Bush-led deregulation for the past decade that got us into this mess.”

Libslost said, “Everyone, transfer your money out of Citi! Put them out of business.”

Imintexas responded, “That is the KEY libslost. If everyone would get on the same page and support one another we could control a lot of what is happening here. If 3/4 of all Citi customers pulled and went to another bank who is not charging Citi would suffer and the other bank would not, and probably would not even consider fees, because they just got a huge number of new customers and they won't want to loose them.”

Pdough said, “For the life of me, I can't understand why people continue to keep their money (or what's left of it) at these banks. Have you not all heard of local credit unions? I pay a total of $10 per month service charge, have free checking and savings, have no restrictions or fees associated with the use of my debit card or online transactions and I have an overdraft/credit line that I can access at any time and I only pay 9 percent interest on any outstanding balance (no additional fees).”

Ethandy said, “This is obscene. Banks screw up, taxpayers bail them out, banks increase fees on them ‘to recover the lost revenue from swipe fee regulation.’ How incredibly arrogant and insulting. People are hurting and these big banks have no scruples whatsoever to make it even harder for them. They're making record profits even with the new regulations. I have to believe that they just don't want individual checking account customers anymore. That they are happy with just maintaining their commercial clients. It's time to bail from these banks, people. Let the free market prevail. You are free to leave.”

Guest said, “Funny how everyone thought I was crazy a few years ago for saving money the old fashion way and not trusting banks. Screw the banks! Screw those who continue to support them!”

Guest said, “Well, they will be either looking for another bail out or just go bankrupt, because everyone I know with a bank account there is leaving. Vote with your money people.”

Mike280 said, “Thank you USAA, for being a shining beacon of light in an otherwise dark world.”

5612jean said, “Like a lot of people I am fed up with everyone who has their hand in my pocket ripping me off. The rent just went up, they are no longer paying for the utilities that were formerly included in the high rent. I have a car payment. Got a .28 cent raise. Now the bank wants more of my money. They can impose this fee if they want to. I will take my little bank account straight to the credit union. Enough is enough. The rich keep getting richer. Greed it's the American way.”

In support of banks, wildman69 said, “Banks are a private business and no one is forced to use them. That fact is, many people who use banks have little to no savings to help the bank offset costs of account maintenance. Many 401k's and other retirement accounts have a stake in BofA's profits, so you can curse them, but your either making money from them, or costing them money."

Mmm…sour beer

Beer aficionado and blogger Nathan Berrong (who works at CNN’s satellite desk) shared his love of sour beers on CNN.com’s Eatocracy site—that’s right, sour beer. Apparently beer drinkers either love it or hate it and many readers shared their insights on the bitter adult beverage.

Teethscrape said, “Cascade Brewing out of Portland, Oregon has the best sour beers I have ever had!”

Char said, “Ommegang Zuur – it was my gateway sour ale. Love this style of beer!

2xltall said, “I recommend Bell's Oarsman!”

Plastiklov said, “Jolly Pumpkin is an excellent brewery out of Dexter, Michigan, specializing in sour beer!!!! Can't believe they were overlooked in this article!”

Sour Tooth said, “I absolutely love sour beers, and have since I was first introduced to craft beer. Duchesse, Petrus, and Rodenbach are my favorite mainstays, and Consecration is my all time favorite American sour (thus far). While I love La Folie, I have also really enjoyed New Belgium's Eric's Ale and Le Terroir. Cantillon obviously brews the best in the world, and I'm still searching for my holy grail, the Blabaer. Great article Nathan!”

Beer snob said, “I have yet to taste an American sour that can stand up to a Belgium. There are some good ones out there...but the wild yeast strands cannot be duplicated.”

Jay said, “I was in Belgium back in May. There is a small town called Beersel about 15km outside Brussels, a cute little Flemish town. They have a castle and are home to Drie Fontinein Brewery and a restaurant by the same name. Their gueze, kriek, and lambic are out of this world. The best kept secret? Their Beersel Lager, the best lager I have ever had!”

Traveller said, “There are LOTS of beers that have a sourness to them outside of the obvious Belgian varieties. You should probably also go to Finland and experience sahti. I know it's not as hip as the lambics, but sould very much be on every beer lovers to-do list.”

prs2cube said, “Back in the 70s-80s, there used to be Berliner Weiss at the Brickskeller in DC. It was sourer than a lambic – so sour that it was traditionally mixed with raspberry syrup. Don't know if it's still available here. Apparently no American craft brewery has attempted the style. Oh well...”

njw responded, “It is a shame that the Brick is no more. Great place to go for some one of a kind beers.”

Greg Malor said, “Big fan of beer. Not a fan of sour beers. I've tried them. I guess my tastebuds are not "complex" enough to enjoy them.”

Clutch fan said, “I just had a Clutch Dark Sour Ale and it is the best beer I've had in years. Too bad I'm 12 hours away from the nearest bottle...”

jimmy jam flam man said, “You yahoos ain't got jack on Pabst Blue Ribbon!”

Do you feel your views align with these commenters' thoughts? Post a comment below or sound off on video

Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.

soundoff (200 Responses)
  1. sweetie

    I took the advice of a financial planner years ago and have 3 checking accounts: 1. BofA although my account is free, it is tied to a savings account with mandatory overdraft protection. I keep it because BofA offers free portfolio services where I can track all of my accounts (including the other 2 checking) and bills; 2. Chase because it offers free checking with direct deposit and a Personal Representative checking account (no other bank would offer this option); and 3. Partners Federal Credit Union because it is free and offers a line of credit for overdrafts in case I have an emergency and the interest rate is preferable to a $35 overdraft fee!

    October 5, 2011 at 4:56 pm | Report abuse |
  2. chrissy

    Time for the protest to spread i think! And spread it is but now ppl should close their bank accts and if it was strategically planned and everyone did it the same day would surely wake these fools up! Protests will be starting in detroit tomorrow! *_*

    October 5, 2011 at 5:40 pm | Report abuse |
  3. Bill

    This is an outrage! Such incredible arrogance and hubris after the bailouts and pity-party held over their own bad mortgages! These are the very issues that prompt those demonstrators in Wall Street – people are simply damn fed up with the rich/powerful getting even more so on the backs of average Americans. How can people say these banks and oil companies (to name only 2) are worthy of our busniness or even our respect any more. They've proven who and what they really are! Somehow these newcomers/Teavangelicals in congress have a soft spot for them though...no tax "increases" on these financial hoodlums, they insist. What bogus nonsense!

    October 5, 2011 at 6:06 pm | Report abuse |
  4. Anomic Office Drone

    The banks are destroying this country and our government facilitates it. Shameful.

    October 5, 2011 at 6:16 pm | Report abuse |
  5. s kel

    hell im retired ill protest against the bank bas*ards

    October 5, 2011 at 6:35 pm | Report abuse |
  6. Scottish Mama

    Hi Chrissy and s kel-I am with you both. U.S. Bank was starting to charge my family whom are students $5. a month for statements. They closed those accounts. Good by big a$$ banks, hello locally owned and operated.
    Pay off all credit cards folks they will punish us further for their incompetence. Pay off all loans. Buy American made toys and costumes for Halloween. We have to fight fire with fire.

    October 5, 2011 at 7:12 pm | Report abuse |
  7. MIke

    Moving to "Shell Federal Credit Union" was the best financial move I've ever made.
    Low interest rate loans 2-3% plus dynamie people/service. You can do anything you want online with no checking or debit fees. Wow, I really do love my Credit Union. ShellFCU.org that is. Check thm out, you won't be sorry

    October 5, 2011 at 7:13 pm | Report abuse |
  8. Hopefully

    Hopefully American banks will one day be bigger than the government. Like in Europe, where banks combined are worth more than governments combined...some 6 times more. Why? When the banks are bigger than the government, the word 'bailout' isn't even an option.

    October 5, 2011 at 7:22 pm | Report abuse |
  9. Hopefully

    ...if Germany didn't bailout the EU aka if China didn't bailout the USA. Get it? No? Then you probably think the world thinks ill of US because of how the US military reacted to 9/11 by invading/occupying Iraq. You simply don't see how the world notices how deep in debt we are, yet we still consume over 30% of what the world produces while only making-up 4% of the world's population. Some poor African countries who starve as we burn their oil in our SUV's may even notice our obesity epidemic.

    October 5, 2011 at 7:29 pm | Report abuse |
  10. Hopefully

    ...but if they (poor African oil-rich nations) do notice how fat we are as their children starve and actually take to the streets in the face of their own government leaders who are bribe-taking puppets...we simply label them 'al-quida', assassinate them, and go-about our burning of their oil and wearing of their diamonds. Annnnnnd all together now: "Charge it to my card". (as if your own children will be able to afford to pay for your own luxuriant dung when they become taxpayers)

    October 5, 2011 at 7:38 pm | Report abuse |
  11. Dave

    We the people just bailed out the banks. It did not stop there, now they are tacking on fees for most everything. People, wake up. You need to do some homework. Most credit unions offer free banking. Community banks are better than a big name bank. These are just a few things to look for. These banks must compete, if they see people leaving, they will stop these fees.

    I worked for a bank, and they truly do not need to add these fees. It is called GREED!!!!
    Dave

    October 5, 2011 at 7:42 pm | Report abuse |
  12. chrissy

    lmao hello mama and s kel! Told ya mama, that seed would grow, didnt i? Its a lil bit scarey bout detroit tho, given their penchance for riots and the fact that most of the city leaders are on the take...Just gotta pray they practice common sense! 🙂

    October 5, 2011 at 7:43 pm | Report abuse |
  13. Hopefully

    ...hopefully you aren't a cowardly false patriot blindly waving his flag. Or what I said in the above posts will do little more than have you scratching your own fat ass, smelling your own finger, and going-about your own rat-killing. (hmmm, it smells purty bad. I shouldda wiped) About 17% of American men wash their hands after pinching one off. 1 in 5 of the men you shake hands with have poop to show for it, and their handshakes are worth 'zero' in real dollars. Girls are even worse. Check-out your mall's oubklic restrooms for 'citation' after citation. God Bless Israel/USA.

    October 5, 2011 at 7:48 pm | Report abuse |
  14. leeintulsa

    This just in: steve jobs dead at 56 of cancer.

    October 5, 2011 at 8:30 pm | Report abuse |
  15. chrissy

    thats too young lee and cancer is an ugly thing!

    October 5, 2011 at 8:38 pm | Report abuse |
    • leeintulsa

      I wonder if the job might have been keeping him fighting.. Retired then bam.. Or maybe he knew and timed it like this..

      October 5, 2011 at 8:41 pm | Report abuse |
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