Stealing $5 at a Time

I received a $5 fee on my most recent bank statement. Apparently, you are allowed to transfer money from a savings account to a checking account six times during each statement cycle. If you transfer money the seventh time, you will be charged a $5 fee. If you are charged with this fee a couple of times, your account will be shut down. This is apparently a federal regulation.

Here's the kicker. If you go to the bank to transfer money from a savings to a checking account, there is no limit. Say you want to snort meth with your male prostitute, but you don't have enough money in your checking account. Just go to the bank and transfer the money. If the urge hits you a couple more times during the day, it's not a problem, just head to the bank. But if you need to transfer money online in order to buy your mother a birthday present, lord help you if this is your seventh transfer in a month.

I went to the bank to argue and won my $5 back. Hey, injustice is injustice no matter how small. At the bank, I learned about the federal regulation. Turns out it is a stupid purposeless law designed only to steal your money. It must be changed.