I really don’t get it. Why are you upset. In today’s age this is not an uncommon practice. If you go to a bank that you are not a customer of and use your ATM card they charge you a fee. For years they have made nothing on mortgage interest or personal loans. Most checking and saving accounts are free. One of their only sources of revenue is the interest they charge on credit cards and other services they provide. Just like every other bank they have overhead expenses, general administration costs, salaries to pay etc. so this is how they cover costs. Years ago you could get 5% interest on a passbook savings account, but you were paying 8-10% on your mortgage. Checking accounts were not free. The industry has changed over the years like many others. There were several ways your father and you could have accomplished the same thing without incurring any fees, you just have to know how to get around them.
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