Funny Thing About Banks

In the past few months I've recieved at least five offers from various banks that say "Open an account with us and we'll give you $100.00."

Now there are restrictions to that offer, for instance I usually have to make a purchase every now and then and have to keep the account open for 6 months. But I could do that. I have 600 to put in limbo for 6 months.

I think I'm going to do it. That's a month's rent, after all! A doubling of profit is NOT a bad return.

This reminds me when I was incredibly poor in Portland, Oregon. US Bank had an offer that if a customer waited in line for longer than 5 minutes they would be given $5.00 if they asked. The MLK branch, nearest my old home, ALWAYS had a wait period of at least ten minutes at lunch time. So I'd race down there when I was hungry for some lunch and wait in line, add a few dollars to my account or take a few dollars out, and get the $5.00. I did it so many times I think the branch stoppped doing it. Maybe there were some others doing it, but they must have lost nearly $200.00 on me in the space of six months. I did it about once or twice a week.

Sometimes I don't know how banks turn a profit, and then I remember that too many people use credit like alcoholics use the drink. And then it all makes a terrific amount of sense.

PS This also reminds me of my friend who'd sell blood every week for $20.00 per draw. I tried to do it but I had anemia so that didn't work.