Posted June 06, 2011
hedwards: ..., and all of the banks will have similar terms that need to be agreed to in order to open an account.
WhiteElk: It was paying the consequences of a banks terms which first got my head out of the sand. I was in my early 20's. Set up a checking account. I skimmed the terms, only paying attention to what I thought were the salient points. Well I got screwed. I suffered a tough recovery. It was my own damn fault. I didn't invest even attention to the terms of agreement. That experience, along with others, have taught me to be aware... particularly when dealing with fortune 500 companies. The reason why I brought up banks is because in the modern age one has little choice but to sign the agreement, it's getting so that you can't even get a job if you don't have an account. Plus, the regularly change the terms with little warning knowing that many customers don't have any choice but to agree to the changes.