BANK OF AMERICA Savings Account Rip Off St. Augustine, Florida

When you feel that your son is old enough to learn another important lesson, have him 'Google' this- JOSIAH STAMP, 1ST BARON STAMP- WIKIPEDIA, and read more about him.

Mr. Stamp was a director of the Bank of England. If you 'Google' this- WHO OWNS THE FED, and go to the site with the five charts you will see that the Bank of England sits at the top of 'Chart 1'.

Feel free to read the two quotes that were made by Josiah Stamp. They are available at the wikipedia site. One of them starts like this-

QUOTE: "Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power..." - Josiah Stamp

*It appears that Josiah Stamp was correct in what he stated in the above quote, wouldn't you agree? The Federal Reserve in the USA and the IMF in Europe are doing precisely what Mr. Stamp said, correct? They are printing more money in order to "buy it back again", right?

I believe that the youth of America should learn more about who really controls the banking system, Wall Street, and even the U.S. government. Once they understand the truth it will allow them to make better decisions in their lives, wouldn't you agree?

Happy Holidays!

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conducted that class, wouldn't everyone NOW agree?

Let's see.  Your have your Son open up an account.  You find out they are charging him $5 a month so you close the account and withdraw the money.  They REFUND the $10 and give him the full $100.  But you say "Sorry Son even though they gave you your all of money back, you have to give them the $10 that they refunded to you".  Yea, sounds like you taught him a real valuable lesson.

Actually in all seriousness there is a lesson here that both you and him have hopefully learned.  To READ the terms and fees of the account.  In the opening packet they give you one part will be the fees for the account.  For their Custodial Savings Accounts if you have under $300 they charge $5 a month, there is no fee if you have a balance of over $300. 

http://www.bankofamerica.com/deposits/checksave/index.cfm?template=save_minor&context=tabpage_Features

So when you go to open up another account this is something you MUST ask about.  Some banks will have no fees for "custodial" or "minor" accounts, some will waive the fees if there is a minimum balance, and others will waive the fee with a minimum number of deposits or transfers a month.

This is an opportunity for your son to learn a valuable lesson. The question is - will he learn the correct lesson?

Your son should note the importance of reading legally binding agreements and to pass on deals that are not in his best interests. He should also be aware of the consequences for signing contracts without knowing and understanding the terms behind those contracts.