OT: Chase sucks………………….fees fees fees fees fees fees

[briansd1]

[quote=TenaciousSD]I love my Charles Schwab banking account!!!

No ATM fees ANYWHERE in the world. (Schwab Bank will reimburse you for any fees charged by other banks.)
Free online Schwab Bank Bill Pay.
Free standard checks and a Visa® Platinum Check Card.

What I love most of all, is that I can call and speak with someone who knows what they’re doing.[/quote]

No ATM fee anywhere is the world is a good benefit. What about foreign currency conversion fee?

[TenaciousSD]

I believe that most cards have an added currency exchange fee (including this Schwab card).

It doesn’t include “currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab Bank account.”

“We do not charge any fees for use of any ATM. If you use a machine that is not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any network used. This may include a fee for a balance inquiry even if you do not complete a withdrawal or other monetary transaction. We offer a rebate on these fees assessed by others: For Interest Checking, Regular Checking, and Basic Checking up to first 6 transactions not to exceed $9.00 per statement period. Schwab Bank reserves the right to discontinue or modify the ATM Fee Rebate program at any time. Please see your Schwab Bank Deposit Account Pricing Guide for details.”

There are limits, but for most I would think this is still a great card.

[TenaciousSD]

I believe that most cards have an added currency exchange fee (including this Schwab card).

It doesn’t include “currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab Bank account.”

“We do not charge any fees for use of any ATM. If you use a machine that is not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any network used. This may include a fee for a balance inquiry even if you do not complete a withdrawal or other monetary transaction. We offer a rebate on these fees assessed by others: For Interest Checking, Regular Checking, and Basic Checking up to first 6 transactions not to exceed $9.00 per statement period. Schwab Bank reserves the right to discontinue or modify the ATM Fee Rebate program at any time. Please see your Schwab Bank Deposit Account Pricing Guide for details.”

There are limits, but for most I would think this is still a great card.

[TenaciousSD]

I believe that most cards have an added currency exchange fee (including this Schwab card).

It doesn’t include “currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab Bank account.”

“We do not charge any fees for use of any ATM. If you use a machine that is not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any network used. This may include a fee for a balance inquiry even if you do not complete a withdrawal or other monetary transaction. We offer a rebate on these fees assessed by others: For Interest Checking, Regular Checking, and Basic Checking up to first 6 transactions not to exceed $9.00 per statement period. Schwab Bank reserves the right to discontinue or modify the ATM Fee Rebate program at any time. Please see your Schwab Bank Deposit Account Pricing Guide for details.”

There are limits, but for most I would think this is still a great card.

[TenaciousSD]

I believe that most cards have an added currency exchange fee (including this Schwab card).

It doesn’t include “currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab Bank account.”

“We do not charge any fees for use of any ATM. If you use a machine that is not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any network used. This may include a fee for a balance inquiry even if you do not complete a withdrawal or other monetary transaction. We offer a rebate on these fees assessed by others: For Interest Checking, Regular Checking, and Basic Checking up to first 6 transactions not to exceed $9.00 per statement period. Schwab Bank reserves the right to discontinue or modify the ATM Fee Rebate program at any time. Please see your Schwab Bank Deposit Account Pricing Guide for details.”

There are limits, but for most I would think this is still a great card.

[TenaciousSD]

I believe that most cards have an added currency exchange fee (including this Schwab card).

It doesn’t include “currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab Bank account.”

“We do not charge any fees for use of any ATM. If you use a machine that is not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any network used. This may include a fee for a balance inquiry even if you do not complete a withdrawal or other monetary transaction. We offer a rebate on these fees assessed by others: For Interest Checking, Regular Checking, and Basic Checking up to first 6 transactions not to exceed $9.00 per statement period. Schwab Bank reserves the right to discontinue or modify the ATM Fee Rebate program at any time. Please see your Schwab Bank Deposit Account Pricing Guide for details.”

There are limits, but for most I would think this is still a great card.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[briansd1]

[quote=meadandale]
I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.[/quote]

How about the tough love that we talked about when it comes to mortgages? If you can’t afford it, you can’t have it.

I’m against fees. Decline the transaction. Turn off the electricity or telephone. Do that a few times and people manage their money better.

Always have cash in your pocket for emergencies.

[briansd1]

[quote=meadandale]
I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.[/quote]

How about the tough love that we talked about when it comes to mortgages? If you can’t afford it, you can’t have it.

I’m against fees. Decline the transaction. Turn off the electricity or telephone. Do that a few times and people manage their money better.

Always have cash in your pocket for emergencies.

[briansd1]

[quote=meadandale]
I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.[/quote]

How about the tough love that we talked about when it comes to mortgages? If you can’t afford it, you can’t have it.

I’m against fees. Decline the transaction. Turn off the electricity or telephone. Do that a few times and people manage their money better.

Always have cash in your pocket for emergencies.

[briansd1]

[quote=meadandale]
I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.[/quote]

How about the tough love that we talked about when it comes to mortgages? If you can’t afford it, you can’t have it.

I’m against fees. Decline the transaction. Turn off the electricity or telephone. Do that a few times and people manage their money better.

Always have cash in your pocket for emergencies.

[Author]

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