Show I Bank Ser Service ice Charges Much lIuch complaint is being made that thal the country is hoarding money money money mon mon- ey which ought to be in tion Various factors have con- con to bring about the present present pres pres- ent nt situation but none has had more influence in encouraging hoarding than the wide nation-wide collection by banks of a so-called so service charge This charge runs from 50 cents per month when the average balance is under under under un un- der 50 to 1 1 per month when the balance is less than In some eases cases an addi additional lional charge of as much as 1 cents per check is made for each ach check In excess of one oneto oneto oneto to each 10 In the average balance Bankers have waxed eloquent over the heavy losses incurred in the handling of undesirable small accounts accounts accounts ac ac- ac- ac counts and the moneyed less-moneyed people people people peo peo- of the country instead of submitting submitting submitting sub sub- meekly to a service charge have taken the bankers at their theirA A stockman Wilt wiio had been word and are doing their own banking charged 50 cents the previous month because his balance had dropped under 50 had occasion soon after to go into the bank with checks totaling The banker started to make out a depo deposit deposit de de- po posit it ticket Never mind said the stockman All Asi my account accountis is such a nuisance I can take care of that much money myself Others when funds are low simply simply simply sim sim- ply write a check for their balance balance balance bal bal- ance and escape the service charge Whatever the merits or demerits of a a service charge from the standpoint of the banker no more inopportune time could have been found for putting it into effect It t has driven people away from the banks just when the banks needed every ounce of support both joth moral and financial that was in n sight Moreover Moreo it seems hardly hardly hardly hard hard- ly fair to assay these small accounts accounts accounts ac ac- ac- ac counts entirely on the basis of the average balance without giving credit for the use of the other and perhaps more profitable facilities facilities facilities fa fa- which the bank has to offer offer offer of of- fer and of which every customer has to avail himself from time to time Every satisfied customer be his average balance large or small is also an avenue through which new business is directed to toa toa toa a bank Do you remember er the good old days when banks advertised that checking accounts would be opened opened opened op op- op- op ened with a one-dollar one deposit What has happened once may happen happen happen hap hap- pen again an and banks may discover discover discover dis dis- cover that the will good-will of the depositor with a small average balance is an asset worth enough I t overlooking the size of this b balance The Producer Denver Denver Denver Den Den- I ver Livestock Association Month Month- ly r |