Item — HN Reader

So basically the check cashers have become more like banks, and folks who are short on human interaction value that more than the extra couple bucks a monolith that pushes you to an ATM (that may charge you extra for your withdrawal as well) costs.

Wonder if any banks will see this as a proper wake up call...

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Considering they're making record profits and if not, seems they can always turn to the government for a few billion... Probably not.

http://mobile.reuters.com/article/idUSBRE97S0O520130829?irpc... "U.S. bank industry profits hit record $42.2 billion in second quarter"

Doesn't sound like an industry desperate to squeeze more pennies from paupers. They have much better ways to do that than urban branch banking.

What banks can do is pretty tightly regulated and I wonder if it would be legal for a bank to handle the overdraft situation in the aritcle the same way, with deducting a fee from checks cashed over time.

Banks have significant flexibility. Capital One 360 (the former ING Direct) handles overdrafts by providing a line of credit. The fees there for short term over drafts are a few cents.

I'm actually somewhat curious, why does CapitalOne fuck everyone in their "traditional banking" over, but generally not screw with [ex?] ING Direct customers?

We have very high standards and would immediately abandon CapitalOne in droves if they fucked with us.

For years whenever people complained about banks I always said "ING Direct isn't like that". So far CapitalOne hasn't wronged us yet. I suspect it's because they just bought out the business and the same ING Direct people are still running it, and the CapitalOne people know to leave well enough alone.

dylz: Because the moment Capital One 360 started becoming predatory, I'd move my money out to another bank. So far they've been fine.