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Bank of America to charge monthly fee to debit card users

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Re: Bank of America to charge monthly fee to debit card users

#131

Post by palish »

throwawayday wrote: post #127
palish wrote: post #28

Earlier quoted context omitted.

PNC bank is fucking awesome. I'm not creative enough to think up enough good things to say about it: they just rock. PNC has a great website, the people are great (at least at my local PNC), they're very professional, and they're pretty smug about being the only bank left that has "free checking". http://www.pnc.com They even refunded me the $17 they charged for a box of checks. (I had gone in and asked for a truly-f…

Jesus, dude - that's enough info to start hacking someone's life in that png - be sure to blur the email and last numbers of the account before you use a public link.

Yeah, I know. But I have faith in people, even the not-so-good ones. We're all in this [crazy life] together; all we can do is to try to help each other, and shrug off the bad times.

Re: Bank of America to charge monthly fee to debit card users

#132

Post by palish »

X-Istence wrote: post #107
palish wrote: post #28

Earlier quoted context omitted.

PNC bank is fucking awesome. I'm not creative enough to think up enough good things to say about it: they just rock. PNC has a great website, the people are great (at least at my local PNC), they're very professional, and they're pretty smug about being the only bank left that has "free checking". http://www.pnc.com They even refunded me the $17 they charged for a box of checks. (I had gone in and asked for a truly-f…

Ehm, ING Direct does free checking, Schwab does free checking, plenty of smaller credit unions do free checking as well. They are definitely not the only ones.

Oh, my bad! Thanks for the correction.

I probably meant "one of the few banks left", rather than "the only ones left".

Re: Bank of America to charge monthly fee to debit card users

#133

Post by ramchip »

laaph wrote: post #115
patrickc wrote: post #106

Earlier quoted context omitted.

Yes. Google walmart "moving pennies" and click on the first result

Please don't use google as a reference. Please, when you want to make a reference, use anything else. The first two results are to hacker news (this page!) and after that the results are to pages about penny stocks. http://www.google.dk/search?q=walmart%20%22moving%20pennies%... I know my google-fu is worthless but I can at least follow directions, and it still comes up with nothing.

To be honest, I think he was making a joke about the HN post being its own reference, although I'm not too sure...

Re: Bank of America to charge monthly fee to debit card users

#134

Post by JoshTriplett »

tdfx wrote: post #128
JoshTriplett wrote: post #114

Earlier quoted context omitted.

Blacklisting people who bounce checks seems a lot more reasonable than many other banking practices. Don't bounce checks; you're committing a form of fraud, providing a promise to pay money you don't have. I see nothing wrong with refusing to do business with people who regularly commit fraud.

This is used to trap poor people. Joe Anonymous accidentally miscalculates the available balance of his checking account and makes a debit card purchase of gum for $0.99. His account balance is now -$0.23. PNC hits him with an overdraft fee of $25, and an additional daily overdraft fee each day until Friday (payday), bringing his balance into the negative by hundreds of dollars. Joe then has to choose between paying…

With many banks, you can go to the bank and tell them to simply refuse payment of any overdraft, rather than granting it and charging you. Your card will then get declined if you don't have enough in your account.

Re: Bank of America to charge monthly fee to debit card users

#135

Post by 100k »

JoshTriplett wrote: post #134
tdfx wrote: post #128

Earlier quoted context omitted.

This is used to trap poor people. Joe Anonymous accidentally miscalculates the available balance of his checking account and makes a debit card purchase of gum for $0.99. His account balance is now -$0.23. PNC hits him with an overdraft fee of $25, and an additional daily overdraft fee each day until Friday (payday), bringing his balance into the negative by hundreds of dollars. Joe then has to choose between paying…

With many banks, you can go to the bank and tell them to simply refuse payment of any overdraft, rather than granting it and charging you. Your card will then get declined if you don't have enough in your account.

The automatic overdraft "protection" scam was recently made illegal. Now you have to opt-in to have overdrafts covered.

Banks made a ton of money off of this, so this is another reason why they are trying to find new ways to raise revenue. At least a $5 fee is out in the open, and consumers can choose.

Re: Bank of America to charge monthly fee to debit card users

#136

Post by laaph »

ramchip wrote: post #133
laaph wrote: post #115

Earlier quoted context omitted.

Please don't use google as a reference. Please, when you want to make a reference, use anything else. The first two results are to hacker news (this page!) and after that the results are to pages about penny stocks. http://www.google.dk/search?q=walmart%20%22moving%20pennies%... I know my google-fu is worthless but I can at least follow directions, and it still comes up with nothing.

To be honest, I think he was making a joke about the HN post being its own reference, although I'm not too sure...

I was trying to illustrate that telling someone to google for references when they already indicated that it was unsuccessful, is not likely to be successful.
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