This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What Were They Thinking? 4 Stupid Fee Names

Should picking up at will-call cost a bit extra? Doesn't the company already need an employee running the ticket window? And while the company further explains that it covers the cost of fraud prevention services, it's never been able to explain how it actually applies the fee to fraud prevention or show its methods are successful.

With that said, we can't think of another company that charges anywhere near this much money for the privilege of buying something for someone else, and the mind boggles at the idea that buying someone a gift is an action that requires an extra fee.

"September 11 Security Fee"
This $2.50 fee is collected by the airlines, but it actually goes toward funding the Transportation Security Administration's extensive security operations. And while we understand 9/11 necessitated heightened security and that it makes sense for airline passengers to pitch in to cover the high cost, we don't see why it was necessary to put "September 11" in the name -- it's almost as if 9/11 is being invoked here to keep people from complaining about the fee. Plus, is it really necessary to remind people of one of the the nation's worst aviation disasters every time they buy a plane ticket?

"Convenience Fee"
We're fine with paying a convenience fee when the company has to incur additional costs to provide us with an extra service. But often with a "convenience fee," it seems the company is penalizing us for making its life easier. Numerous companies charge you for "convenience" that doesn't actually cost them anything, and one recent example that comes to mind is Verizon, which introduced a $2 fee for wireless customers who pay individual bills online or over the phone. While we understand that it's slightly more convenient for the company when a customer enrolls in autopay rather than paying each bill individually, it hardly makes sense that customers should have to pay extra for the privilege of reviewing each bill and paying it individually. It makes even less sense that customers could avoid the fee by mailing in a check, which surely takes more of the company's time to process. Following an uproar by customers, Verizon canceled the fee just a day later.

>To submit a news tip, email: tips@thestreet.com.

Follow TheStreet on Twitter and become a fan on Facebook.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs