Affinity Plus Blog

Entries for April 2011

The Win-Lose Reality

April 28, 2011

Incentives and commissioned sales can be useful in a lot of ways. However, the intentions behind them are causing some problems. When they are setup to put the company’s bottom line before your own interests, it becomes a battle—them against you. Who wins?   Read More...

Easter Baskets. Easter Bunnies. Easter...Banking?

April 26, 2011

Family gatherings can be much more than sharing a meal and catching up on the latest family gossip. Sometimes, revolutions begin while you're eating macaroni salad and deviled eggs...

Penny Pinching on Paper or Plastic

April 20, 2011

Recently, thousands of customers from a Big Bank received a letter in the mail, (maybe you got one) telling them that they would soon be paying a maintenance fee on their checking account and would be charged an extra $2 if they wanted paper statements. (The letter ended with this line: " We value you as a customer and appreciate your business." Do you? Do you really? Sheesh.)

Notarize This

April 12, 2011

One of the stocks my grandmother owned has a market value of $30. So, my mom has to pay $25 to get a Medallion Signature Guarantee to transfer the stock from my grandmother's name to her own. The net value to the estate: $5 (ironically, just enough to pay for an ATM withdrawal at some banks- but that's a different story.) At Affinity Plus, both Medallion Signature Guarantees and Notary services are free. We'll even make copies for you and fax the documents for you. (Believe it or not there are copy and fax fees out there as well.) Just because your bank can charge a fee for something, doesn't mean it should.

Biting the Hand that Feeds You

April 09, 2011

By charging more and giving less banks are actually forcing millions of American's to become "unbanked" (as many as 15-20% according to some analysts). Many customers will just walk away from their banks, because they are either fed up, or simply can't afford to have a bank account anymore. The source of profits for big banks, their customer's money, is slowly being drained away by the banks themselves. What happens when it's all gone?

Playing "Frogger" with Your Bank?

April 06, 2011

If you are spending any time trying to manipulate your bank account, or taking evasive action to qualify to "waive" or avoid a fee from your bank, you are still playing Frogger. Challenging? Yes. Fun? No. You are trapped in a game where you are forced to jump from log to log, wending your way through dangerous waters just to get to the other side and keep all of your own money, month to month. 


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