Big Niner. I understand why they implement these security measures, although I appreciate you trying to educate me on why your comfortable allowing somebody to put limits on how you can access your money - you just can't go into some of these banks and get cash. Find an ING or an ALLY branch. and try that. They don't exist! IMO Credit Unions are a much better option. Don't take my word for it... Ask your financial adviser.
Don't be fooled into thinking that their daily limit exists solely for your protection, it's called risk management fellas. Your accounts are insured and ultimately the BANK is responsible for giving your money away to somebody other than YOU. This is how they keep a grip on their insurance costs and pass on the inconvenience to you by telling you that it's for your protection.
These bastards are bitching and moaning because they're no longer making the massive profits that they once were. Now they're figuring out new ways to screw the average person over.
Charles Shawb sounds like an excellent alternative for some BUT
My Credit Union has free checking, no ATM fees, a high interest rate, low interest rate CC's and loans, & free internet banking. The only thing it doesn't have is a way for me to deposit a check via my iPhone - a cool feature, but I have direct deposit so that's not an issue for me.
Big Niner. I understand why they implement these security measures, although I appreciate you trying to educate me on why your comfortable allowing somebody to put limits on how you can access your money - you just can't go into some of these banks and get cash. Find an ING or an ALLY branch. and try that. They don't exist! IMO Credit Unions are a much better option. Don't take my word for it... Ask your financial adviser.
Don't be fooled into thinking that their daily limit exists solely for your protection, it's called risk management fellas. Your accounts are insured and ultimately the BANK is responsible for giving your money away to somebody other than YOU. This is how they keep a grip on their insurance costs and pass on the inconvenience to you by telling you that it's for your protection.
These bastards are bitching and moaning because they're no longer making the massive profits that they once were. Now they're figuring out new ways to screw the average person over.
Charles Shawb sounds like an excellent alternative for some BUT
My Credit Union has free checking, no ATM fees, a high interest rate, low interest rate CC's and loans, & free internet banking. The only thing it doesn't have is a way for me to deposit a check via my iPhone - a cool feature, but I have direct deposit so that's not an issue for me.
That's why there needs to be regulation. I'm sure if you bank with BofA, you're not going to leave and be happy to pay the five dollar fee because you are too lazy to leave.They're not worried about losing a couple dozen customers..
Yep i'd be one of them, at the end of the day it's all about convenience, is using your debit card almost every where you go worth 5 bucks a month to you, for some it would be yes. For me i'm personally indifferent, i could take it or leave it at the end of the day it is only 5 dollars a month which i'd probably save more in gas by just using the card then finding an approved atm that doesn't have a fee. I see a lot of bitching about it but no action being taken, and other banks will be in line right behind BOA. It's BS but fact of the matter is no one is going to do anything about it.
That's why there needs to be regulation. I'm sure if you bank with BofA, you're not going to leave and be happy to pay the five dollar fee because you are too lazy to leave.They're not worried about losing a couple dozen customers..
Yep i'd be one of them, at the end of the day it's all about convenience, is using your debit card almost every where you go worth 5 bucks a month to you, for some it would be yes. For me i'm personally indifferent, i could take it or leave it at the end of the day it is only 5 dollars a month which i'd probably save more in gas by just using the card then finding an approved atm that doesn't have a fee. I see a lot of bitching about it but no action being taken, and other banks will be in line right behind BOA. It's BS but fact of the matter is no one is going to do anything about it.
Big Niner. I understand why they implement these security measures, although I appreciate you trying to educate me on why your comfortable allowing somebody to put limits on how you can access your money - you just can't go into some of these banks and get cash. Find an ING or an ALLY branch. and try that. They don't exist! IMO Credit Unions are a much better option. Don't take my word for it... Ask your financial adviser.
Don't be fooled into thinking that their daily limit exists solely for your protection, it's called risk management fellas. Your accounts are insured and ultimately the BANK is responsible for giving your money away to somebody other than YOU. This is how they keep a grip on their insurance costs and pass on the inconvenience to you by telling you that it's for your protection.
These bastards are bitching and moaning because they're no longer making the massive profits that they once were. Now they're figuring out new ways to screw the average person over.
Charles Shawb sounds like an excellent alternative for some BUT
My Credit Union has free checking, no ATM fees, a high interest rate, low interest rate CC's and loans, & free internet banking. The only thing it doesn't have is a way for me to deposit a check via my iPhone - a cool feature, but I have direct deposit so that's not an issue for me.
I am fairly certain you can withdrawal you money in cash instead of a cashiers check if you'd prefer. I can only speak for myself, but I hvae withdrawn 10k at a time several times in cash with no issue.
Again, the issue is, if you want your all of your cash from an ATM. Go to the bank, you should have no problem. If that is an issue, then I guess just keep it under your mattress.
I understand your point, I just don't understand the big deal.
Big Niner. I understand why they implement these security measures, although I appreciate you trying to educate me on why your comfortable allowing somebody to put limits on how you can access your money - you just can't go into some of these banks and get cash. Find an ING or an ALLY branch. and try that. They don't exist! IMO Credit Unions are a much better option. Don't take my word for it... Ask your financial adviser.
Don't be fooled into thinking that their daily limit exists solely for your protection, it's called risk management fellas. Your accounts are insured and ultimately the BANK is responsible for giving your money away to somebody other than YOU. This is how they keep a grip on their insurance costs and pass on the inconvenience to you by telling you that it's for your protection.
These bastards are bitching and moaning because they're no longer making the massive profits that they once were. Now they're figuring out new ways to screw the average person over.
Charles Shawb sounds like an excellent alternative for some BUT
My Credit Union has free checking, no ATM fees, a high interest rate, low interest rate CC's and loans, & free internet banking. The only thing it doesn't have is a way for me to deposit a check via my iPhone - a cool feature, but I have direct deposit so that's not an issue for me.
I am fairly certain you can withdrawal you money in cash instead of a cashiers check if you'd prefer. I can only speak for myself, but I hvae withdrawn 10k at a time several times in cash with no issue.
Again, the issue is, if you want your all of your cash from an ATM. Go to the bank, you should have no problem. If that is an issue, then I guess just keep it under your mattress.
I understand your point, I just don't understand the big deal.
I am fairly certain you can withdrawal you money in cash instead of a cashiers check if you'd prefer. I can only speak for myself, but I hvae withdrawn 10k at a time several times in cash with no issue.
Again, the issue is, if you want your all of your cash from an ATM. Go to the bank, you should have no problem. If that is an issue, then I guess just keep it under your mattress.
I understand your point, I just don't understand the big deal.
With all due respect, I don't think you get my point at all.
I'm comparing internet based banks like ING, ALLY, and Shwalb's online checking account to brick and mortar banks.
You've mentioned walking into your bank and getting out cash twice now.. What bank do you have an account with? It's NOT an online bank. That's my point. YOU CAN'T DO THAT WITH AN ONLINE BANK ACCOUNT.
If your answer is Chase, Citibank, BofA then you 100% don't understand my point one bit.
My point is that the ATM machine becomes your primary method of obtaining cash when you open up an account with an on-line bank. I'm not debating the reasoning behind daily limits AT ALL. I'm actually pointing them out to those people that would be relying on an ATM machine as a primary delivery system for their cash.
The reason the online banks can share the reduced savings with the customers is EXACTLY because they don't have brick and mortar facilities to maintain.
I am fairly certain you can withdrawal you money in cash instead of a cashiers check if you'd prefer. I can only speak for myself, but I hvae withdrawn 10k at a time several times in cash with no issue.
Again, the issue is, if you want your all of your cash from an ATM. Go to the bank, you should have no problem. If that is an issue, then I guess just keep it under your mattress.
I understand your point, I just don't understand the big deal.
With all due respect, I don't think you get my point at all.
I'm comparing internet based banks like ING, ALLY, and Shwalb's online checking account to brick and mortar banks.
You've mentioned walking into your bank and getting out cash twice now.. What bank do you have an account with? It's NOT an online bank. That's my point. YOU CAN'T DO THAT WITH AN ONLINE BANK ACCOUNT.
If your answer is Chase, Citibank, BofA then you 100% don't understand my point one bit.
My point is that the ATM machine becomes your primary method of obtaining cash when you open up an account with an on-line bank. I'm not debating the reasoning behind daily limits AT ALL. I'm actually pointing them out to those people that would be relying on an ATM machine as a primary delivery system for their cash.
The reason the online banks can share the reduced savings with the customers is EXACTLY because they don't have brick and mortar facilities to maintain.
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