Wally World has a problemFollow

Smash. I can't believe you just said that.

Twenty years of adult experience has taught me that most corporations will constantly make decisions that will gain them $1 million now and lose them $2 million a year and every year hereafter.

Why they stay in business, and even continue to improve profits for a while, despite all these idiotic short-term decisions, is a long elaborate discussion I don't have the energy for. But it doesn't surprise me that a @#%^ton of businesses go bankrupt/lose profits over years and years while the GFC works its way through the system. The GFC and its repurcussions have taken away a lot of the props and dubious/unsavoury compensationary measurements for entrenched corporate idiocy.

Edited, Mar 6th 2013 11:14pm by Aripyanfar

Typically those 'poor decisions' are good decisions for the decider. It means the ownership doesn't know how to manage. The Waltons tend to know basic management.

Seriously? Damn...

I don't bank with a credit union and only have to have a minimum of $250 deposited a month. No minimum to maintain either. Not sure on checks as I got one book and only used it to get direct deposit started at work and another blank check for refund.

Wally World only gets my money for my meds. I am diabetic and a single vial of insulin is $85. At Walmart the generic is $25. I worked there 9~ years ago. When I got my one year review, the manager made a mistake and so I would have gotten 4 cents more then what I was given by HR. When I asked about it he told me if I signed for $8.11 an hr then I would be paid. A few days later he was no longer employeed with us. I never saw my 4 cents. I was not worried bout it but thats ****** up practice.

Yeah I stopped banking with Wachovia years ago. I rarely have more then 100 in my checking by next pay period. I got bills and debt I am paying don't want or need to lose even $5 for you to maintain an account that gets $2000~ a month deposited.

When I closed my last account I had problems with a company kept hitting me up for random amounts. Asked them to freeze it so nothing came out and my next paycheck would cover what was owed. Was told they could not do that cause there was a negative balance. Wonder how long they kept it open until they figured out I switched banks the next day.

Since when?!

Um... Since they actually have access to all the financial details of the companies they're running and you don't? Was that a trick question or something?

Seriously? You pay $12.50 per month per account? Are these like gold plated accounts or something? Do they come with strippers? That's crazy. I pay nothing for my accounts. If I do a direct online payment (a "push" instead of a "pull"), there's a few bucks fee associated with that. There's no cost for checks at all except like maybe $10 or whatever to buy a book of them (which is like 500 checks and lasts years and years). Why would you pay $2 per check at the counter? Similarly, things like cashiers checks are free. Account services are free. ATM use is free (as long as you use their ATM of course).

Is this the norm up there in hat-land?

That's actually pretty high for Walmart to be paying.

Seriously? You pay $12.50 per month per account? Are these like gold plated accounts or something? Do they come with strippers? That's crazy. I pay nothing for my accounts

You should be making money on deposit based banking. "I pay nothing for the interest free loan I provide my bank!" isn't really the goal. I realize that's challenging if you have $50 in a checking account, but most people should be able generate some interest/"cash back" with minimal effort.

This.

You should also not be paying anything for use of consumer credit, but I'm told that for whatever reason "people" take loans for non investment purposes.

Canadian banks are regulated far differently than in the states. They're not allowed to set you up for failure, like giving a sub-prime mortgage, but instead, get to rape your wallet every month, right before your eyes.