Coming to a bank near you? -.25% interest rates

[jmiro]

Originally Posted by Morel42

Quakertown National has a 4% interest bearing checking account... With no fees, and they don't charge you when you use other bank's ATM machines..

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I dont have one of those around here. I am also with the no fee and no atm charge plan.

[Posit]

MikeB0 - You're correct (sadly enough). Don't know why I interject/interrupt.

[MikeinPhilly]

It has already started here, we have large banks that are charging business clients a monthly fee for FDIC coverage. So now passing on a charge to consumers would be the next step?

[Elmar]

The European "guards" on their reserve rate don't protect investors its just another way to make money.

[MostlyHarmless]

Originally Posted by goofin

thats not being a smart ass. yes it is for protection but its one of the things i do not like about it. i can go in and withdraw as much as i want(as long as its mine) i have no limit on a purchase, but limited on cash withdraws at a atm. it can be a pain.

There seldom is a guy pressing a knife or other dangerous object into your back while he asks you to be so kind to punch that secret PIN into the keypad, when you're buying appliances at the home depot or a home theater system at Best Buy. That usually happens at ATM's. It may never happen to YOU in particular, because the guy, who had that plan, eventually will ask you you to stop the spillage of his red lubricant #1 onto the nice, clean sidewalk in front of the ATM. This difference between in store or even online purchases and ATM's is to keep the real pro's from doing "customer at ATM" jobs.

Most credit card systems have even more sophisticated fraud detection systems. You may be able to charge several grand in electronics at your local store for years, but the first time you try to use the same credit card to buy jewelery for a few hundred bucks in a different country, the system will choke and require additional identification because this is a sudden and unusual user behavior, compared to what you did in the past. Somebody else, who frequently uses his credit card to buy perfume, pays restaurant and hotel bills overseas is "profiled" as a frequent business traveler and the system will not trigger "unusual behavior" when he uses that same credit card to buy the same jewelery in the same price range.

Not every inconvenience is actually a bad thing. Some are really for somebodies protection. I accept a bit of inconvenience in traffic so that even the old lady has enough time to cross the street safely. Not saying you don't, just trying to drag this inconvenience problem onto the same level.


Jan