Clyde Lettsome's New Article on the Reality of Bank Fees

March 23, 2011 - PRLog -- At some point, all of us have been hit with some type of bank fee: whether it is overdraft fees, service fees, fee for having a low balance, or a fee just for having an account.  When you put your money in a bank, you are basically giving them a loan with no interest rate; then the bank takes your money and loans it to other customers for a much higher interest rate or use is for investing.  Why should you pay a fee for them to use your money for free?  Dr. Clyde A. Lettsome, Ph.D., P.E., has written a new article titled "Is It Time To Fire Your Bank?".  If you feel you have been a victim of bank fees, it may be time to fire your bank.

“The technology available to banks has reduced their cost,” says Dr. Lettsome.  “Because more consumers are using these various forms of technology, there is only one reason banks should feel the need to charge fees for many of the services they provide.  That reason is not in your best interest.”

For more information on why it may be time for you to stop giving your money to banks and what your other options are, read: http://clydelettsome.com/blog/2011/03/18/is-it-time-to-fi... .


Dr. Lettsome has over 16 years of technical and professional experience. Using his technical, business, and education experience, Dr. Lettsome finds ways to cut cost while improving productivity for consumers and his business customers. Some of his other notable accomplishments include:
•   3 time National Science Foundation Fellow
•   Institute of Electronic and Electrical Engineers and Society of Photo-Optical Instrumentation Engineers published author
•   President of Calabrix Corporation when they were named one of the winners in the 2009 Office Depot “Survival of the Smartest” contests
•   Outstanding Instructor at the Georgia Institute of Technology (top five graduate engineering and technology university according to US News and World Report Graduate School edition)
•   EzineArticle.com expert author
If you would like to connect with or read more of Dr. Lettsome’s writings, you may find more articles from him  and read more about him at http://www.clydelettsome.com read his consumer blogs at http://www.findhiddendiscounts.com.