People posting and reading posts around here are incredibly vulnerable to assertions made from ignorance or speculation. Listen to this:
Bancomer is actually known as Grupo Financiero BBVA Bancomer SA de CV and is a a subsidiary of Banco Bilbao Viscaya Argentaria. This is a Spanish owned corporation and, for all I know, BofA has an equity in it but as far as I know it ain't "owned" by BofA. Banco Santander Serfin is owned by another Spanish corporation known as Grupo Santander. Maybe that's BofA as well. Maybe that's the CIA.
These are banks from Spain but Bank of America may own them at least in part. Who knows? Tell me that's not a scary prospect. Maybe you are owned by Bof A as well.
Tell me why Americans think they own the planet? Or, on the other hand, maybe they do own the planet.
Does that mean that all of us Americans will get free ATM transfers in the future? I hope not because we will pay for that in ways we do not comprehend at present.
I keep trying to open the eyes to posters hereabouts to this. If you get free ATM transfers, then you are paying for those transactions through the back door and the banks love the fact that you don't get it. There is no free lunch. You are letting them use your money for free or at a below market cost to them and they are laughingly giving you free (up to a point) ATM transactions. Believe me - this is a fact. Banks do not give away anything ever. We are getting into your shorts and stealing your family jewels and you are thanking us for it. I was a banker for 35 years and I know of what I speak.
Open an interest free or below market interest paying account with me and I'll gladly give you a toaster. Hell, I'll give you two toasters and throw in one of those WAMU umbrellas and weather predictors.
Ingress is free, egress $5.
(This post was edited by Bubba on Jun 2, 2005, 2:56 PM)