Banks charging a Debit Card Fee - RedsZone.com - Cincinnati Reds Fans' Home for Baseball Discussion

JaxRed · 08-24-2011, 11:18 PM

Was watching a report that talked about banks starting to charge a $3 or $5 fee if you use your debit card at any point in the month.

I use USAA Bank online (everyone is eligible) it is GREAT. Once you realize that you can scan (or sometime take a picture of your check) to deposit it, you don't need your local bank ever again.

RBA · 08-24-2011, 11:42 PM

Quote:

Originally Posted by JaxRed

Was watching a report that talked about banks starting to charge a $3 or $5 fee if you use your debit card at any point in the month.

I use USAA Bank online (everyone is eligible) it is GREAT. Once you realize that you can scan (or sometime take a picture of your check) to deposit it, you don't need your local bank ever again.

I bank with USAA also. I can deposit checks using my phone. They recently opened some financial centers outlets in the San Diego County, which helps out.

oneupper · 08-25-2011, 06:39 AM

Banks are going to get more creative about fees.

Normally, the operating costs of a checking or savings account were subsidized by a zero or low interest rate on the balance. With market interest rates so low, that has been practically eliminated.

Oh, and what is this "check" thing you speak of?

frenetic wave · 08-25-2011, 07:22 AM

Bank of America got rid of their no strings attached free checking account. Now it is something like $12 a month or you can switch to an "online only" account, which is free but if you use a bank teller for any transaction you incur the $12 fee for that month. Weird stipulations. I was able to have them return the first $12 charge to my account though, so so far I have not had to pay them any green.

reds1869 · 08-25-2011, 07:33 PM

I have used ING Direct in the past and been quite pleased with them. Now we use a credit union exclusively (our second one) and can't imagine going back to a traditional bank.

Unassisted · 08-26-2011, 03:26 PM

Another satisfied USAA bank customer here, in USAA's hometown. I've visited the mothership branch a few times and waited in the long drive-thru lines there. I love getting those ATM fees rebated each month!

I've had much better luck doing mobile deposits from my iPad than from my Android phone, FWIW.

oneupper · 08-26-2011, 05:18 PM

What's a "teller"?

RBA · 08-26-2011, 05:22 PM

Quote:

Originally Posted by oneupper

What's a "teller"?

The machine you use at the Casino, after you have dropped $400.

oneupper · 08-26-2011, 08:54 PM

Quote:

Originally Posted by RBA

The machine you use at the Casino, after you have dropped $400.

Oh, an Eytiem.

marcshoe · 09-14-2011, 03:34 AM

Quote:

Originally Posted by oneupper

What's a "teller"?

Hangs out with Penn. Doesn't talk much.

btw, this thread may explain the $3 fee I got hit with at the beginning of the month.

JaxRed · 09-15-2011, 12:23 PM

Not only no fees with USAA, but if you get charged for an ATM, they put that money back in your account. (I think it's limited to $15 a month)

RBA · 09-15-2011, 04:27 PM

Quote:

Originally Posted by JaxRed

Not only no fees with USAA, but if you get charged for an ATM, they put that money back in your account. (I think it's limited to $15 a month)

Comes in handy at the casino where they charge you $4.00 plus in fees.

08-24-2011, 11:18 PM	#1
JaxRed Member Join Date: Apr 2000 Location: Jacksonville, FL Posts: 9,228	Banks charging a Debit Card Fee Was watching a report that talked about banks starting to charge a $3 or $5 fee if you use your debit card at any point in the month. I use USAA Bank online (everyone is eligible) it is GREAT. Once you realize that you can scan (or sometime take a picture of your check) to deposit it, you don't need your local bank ever again.

08-25-2011, 06:39 AM	#3
oneupper Danger is my business! Join Date: Jun 2004 Location: Back in Florida Posts: 7,843	Re: Banks charging a Debit Card Fee Banks are going to get more creative about fees. Normally, the operating costs of a checking or savings account were subsidized by a zero or low interest rate on the balance. With market interest rates so low, that has been practically eliminated. Oh, and what is this "check" thing you speak of? __________________ "A person is smart. People are dumb, panicky, dangerous animals and you know it." http://dalmady.blogspot.com

08-25-2011, 07:22 AM	#4
frenetic wave Member Join Date: Nov 2009 Posts: 132	Re: Banks charging a Debit Card Fee Bank of America got rid of their no strings attached free checking account. Now it is something like $12 a month or you can switch to an "online only" account, which is free but if you use a bank teller for any transaction you incur the $12 fee for that month. Weird stipulations. I was able to have them return the first $12 charge to my account though, so so far I have not had to pay them any green.

08-25-2011, 07:33 PM	#5
reds1869 We Need Our Myths Join Date: Feb 2005 Location: Overlooking GABP Posts: 4,162	Re: Banks charging a Debit Card Fee I have used ING Direct in the past and been quite pleased with them. Now we use a credit union exclusively (our second one) and can't imagine going back to a traditional bank.

08-26-2011, 03:26 PM	#6
Unassisted RZ Chamber of Commerce Join Date: Jul 2003 Location: San Antonio Posts: 13,221	Re: Banks charging a Debit Card Fee Another satisfied USAA bank customer here, in USAA's hometown. I've visited the mothership branch a few times and waited in the long drive-thru lines there. I love getting those ATM fees rebated each month! I've had much better luck doing mobile deposits from my iPad than from my Android phone, FWIW. Last edited by Unassisted; 08-26-2011 at 03:29 PM.

08-26-2011, 05:18 PM	#7
oneupper Danger is my business! Join Date: Jun 2004 Location: Back in Florida Posts: 7,843	Re: Banks charging a Debit Card Fee What's a "teller"? __________________ "A person is smart. People are dumb, panicky, dangerous animals and you know it." http://dalmady.blogspot.com

09-15-2011, 12:23 PM	#11
JaxRed Member Join Date: Apr 2000 Location: Jacksonville, FL Posts: 9,228	Re: Banks charging a Debit Card Fee Not only no fees with USAA, but if you get charged for an ATM, they put that money back in your account. (I think it's limited to $15 a month)

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