Donnachaidh
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Thu Jul-19-07 12:40 PM
Response to Reply #51 |
| 57. Greg Palast has a chapter about credit unions in one of his books |
|
He recommends fighting the big banks by taking your business to your local CU. He may have links at his site for more information: http://www.gregpalast.com |
| -Getting screwed in New & Interesting ways by Bank of America. |
annabanana |
Jul-19-07 10:58 AM |
#0 |
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ahh -- but according to the advertisements - plastic is QUICKER! |
Donnachaidh |
Jul-19-07 11:03 AM |
#1 |
  -
Exactly. Withdraw a week's worth of cash |
Warpy |
Jul-19-07 11:51 AM |
#38 |
| -
i feel your rage. I just left them after 33 years and moved to a local bank. |
phylla |
Jul-19-07 11:07 AM |
#2 |
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Then you must hear my story - $750,000 trust check dishonored |
Jersey Devil |
Jul-19-07 05:14 PM |
#72 |
| -
Call the federal reserve .... |
ronnykmarshall |
Jul-19-07 07:43 PM |
#97 |
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I believe you! This was the proceeds from a house too. |
phylla |
Jul-20-07 01:23 PM |
#109 |
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Here's some info .... |
ronnykmarshall |
Jul-19-07 07:52 PM |
#100 |
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I have no idea what you're talking about. One must have money in order to spend money. |
sinkingfeeling |
Jul-19-07 11:08 AM |
#3 |
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OK |
annabanana |
Jul-19-07 11:19 AM |
#5 |
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I wonder if it really would be refused? |
karlrschneider |
Jul-19-07 11:27 AM |
#9 |
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they all do the same thing, it's really only important when renting hotel rooms |
pitohui |
Jul-19-07 11:42 AM |
#21 |
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I wonder how the BOA policy the OP mentioned is a change from their previous one. |
karlrschneider |
Jul-19-07 11:50 AM |
#37 |
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it doesn't seem to be a change of policy, more of an explicit informing of the same policy |
pitohui |
Jul-19-07 11:54 AM |
#43 |
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rental cars as well |
fishwax |
Jul-19-07 04:07 PM |
#66 |
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Not really much, if any, change. |
unc70 |
Jul-19-07 05:04 PM |
#68 |
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I think it's different tying up a theoretical line of credit as opposed to |
fishwax |
Jul-19-07 05:49 PM |
#81 |
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I stayed in 3 different hotels in the last month |
proud2Blib |
Jul-19-07 05:14 PM |
#73 |
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I didn't say they didn't communicate the hold amount |
fishwax |
Jul-19-07 05:54 PM |
#82 |
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They each charged for one day |
proud2Blib |
Jul-19-07 06:10 PM |
#85 |
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not all hotels do it, and different card issuers have different policies as well |
fishwax |
Jul-19-07 06:32 PM |
#87 |
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Right on! |
ronnykmarshall |
Jul-19-07 07:56 PM |
#101 |
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If you monitor your accounts on the web, you will see that |
Midlodemocrat |
Jul-19-07 12:20 PM |
#53 |
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I Recently Did Business With Avis (Car Rental) |
Crisco |
Jul-19-07 12:28 PM |
#54 |
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I think car rental agencies would prefer people to use credit cards |
Midlodemocrat |
Jul-19-07 12:33 PM |
#56 |
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In NY State, They Must Take Non-Credit ID |
Crisco |
Jul-19-07 12:47 PM |
#58 |
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A merchant can overcharge your account? |
proud2Blib |
Jul-19-07 05:12 PM |
#70 |
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they don't actually overcharge, they just tie the money up for awhile |
fishwax |
Jul-19-07 06:06 PM |
#83 |
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It's never happened to me |
proud2Blib |
Jul-19-07 06:09 PM |
#84 |
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most people would never know it if it did, unless |
fishwax |
Jul-19-07 06:24 PM |
#86 |
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Wouldn't it show up on my statement? |
proud2Blib |
Jul-19-07 06:40 PM |
#88 |
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no, they release the hold and replace it with the actual charge |
fishwax |
Jul-19-07 07:28 PM |
#94 |
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Thanks for all the great info! |
proud2Blib |
Jul-19-07 07:32 PM |
#95 |
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always happy when I can provide useful information :) |
fishwax |
Jul-19-07 07:47 PM |
#98 |
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My sentiments exactly |
teenagebambam |
Jul-19-07 11:20 AM |
#6 |
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Double check.. are those "hold" or "pending" amounts? |
annabanana |
Jul-19-07 11:24 AM |
#7 |
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at least in my case |
teenagebambam |
Jul-19-07 11:31 AM |
#11 |
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If you don't know how much "hold" the merchant put on your card |
WolverineDG |
Jul-19-07 05:27 PM |
#79 |
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Not the same thing, but I just learned that under federal law, savings accounts |
MetaTrope |
Jul-19-07 11:18 AM |
#4 |
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if you need to make more withdrawals than that in one month, that is the purpose of a checking acct |
pitohui |
Jul-19-07 11:45 AM |
#26 |
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Do you have a link for that law? |
Donnachaidh |
Jul-19-07 12:18 PM |
#52 |
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Via personal computer, but you can call or go into the branch to do more. |
missb |
Jul-19-07 06:57 PM |
#92 |
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Thanks for posting this .... |
JacquesMolay |
Jul-19-07 11:24 AM |
#8 |
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Why Not Use Cash Instead? |
stirlingsliver |
Jul-19-07 11:30 AM |
#10 |
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How would you use cash |
annabanana |
Jul-19-07 11:33 AM |
#13 |
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I Wouldn't |
stirlingsliver |
Jul-19-07 11:41 AM |
#18 |
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About "holds" |
annabanana |
Jul-19-07 11:42 AM |
#22 |
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As I Said, ASK |
stirlingsliver |
Jul-19-07 11:47 AM |
#29 |
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Chances are that the clerk at the gas station would have no idea |
annabanana |
Jul-19-07 11:49 AM |
#34 |
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Like I Said, Use CASH |
stirlingsliver |
Jul-19-07 11:51 AM |
#39 |
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Cash may be great |
Bjornsdotter |
Jul-19-07 12:54 PM |
#59 |
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I have never had that happen |
proud2Blib |
Jul-19-07 05:17 PM |
#74 |
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You should not be using a debit card for that either. |
Rosemary2205 |
Jul-19-07 11:42 AM |
#20 |
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Why would you use a debit card |
hfojvt |
Jul-19-07 07:38 PM |
#96 |
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I just read somewhere that half their profits are from fines. |
sfexpat2000 |
Jul-19-07 11:31 AM |
#12 |
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This is a "big bank" industry wide practice. |
Rosemary2205 |
Jul-19-07 11:36 AM |
#14 |
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B of A does not tell you what the "holds" are...n/t |
annabanana |
Jul-19-07 11:40 AM |
#17 |
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They should change that |
Rosemary2205 |
Jul-19-07 11:43 AM |
#23 |
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Then Why Would Anyone Have A BoA Debit Card???? |
stirlingsliver |
Jul-19-07 11:57 AM |
#47 |
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They have to. |
ronnykmarshall |
Jul-19-07 08:05 PM |
#104 |
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Nothing "new".. a DEBIT card is nothing more than an instant-electronic check |
SoCalDem |
Jul-19-07 11:38 AM |
#15 |
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We have a WINNER!!! |
ronnykmarshall |
Jul-19-07 08:23 PM |
#106 |
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Rental car agencies and hotels put holds on monies in your |
Cerridwen |
Jul-19-07 11:39 AM |
#16 |
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Why is there not a law that insists that the amount of the "hold" be disclosed? |
annabanana |
Jul-19-07 11:41 AM |
#19 |
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I think if you ask, most businesses will tell you. The problem is, |
Cerridwen |
Jul-19-07 11:44 AM |
#25 |
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If I Rent A Car, I Always Ask |
stirlingsliver |
Jul-19-07 11:44 AM |
#24 |
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Yep, I agree. I noted in another post that many *don't* ask and |
Cerridwen |
Jul-19-07 11:46 AM |
#28 |
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Consumers Need To Use The Power They Have |
stirlingsliver |
Jul-19-07 11:49 AM |
#36 |
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Well said! |
Cerridwen |
Jul-19-07 11:55 AM |
#45 |
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And people need to realize they should ACT and Ask these things |
Donnachaidh |
Jul-19-07 12:30 PM |
#55 |
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E.X.A.C.T.L.Y. |
stirlingsliver |
Jul-19-07 03:50 PM |
#62 |
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AND ... |
ronnykmarshall |
Jul-19-07 08:04 PM |
#103 |
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Rental car agencies will not accept debit cards. Credit cards only. n/t |
RebelOne |
Jul-19-07 11:49 AM |
#33 |
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Actually, some rental car agencies *do* accept debit cards. |
Cerridwen |
Jul-19-07 11:54 AM |
#42 |
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I used my debit card at one two months ago. n/t |
lildreamer316 |
Jul-19-07 03:59 PM |
#63 |
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I have rented several cars using my debit card |
proud2Blib |
Jul-19-07 05:20 PM |
#75 |
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Rule number 1: Only use plastic (debit or cc) when you can afford it. |
Squatch |
Jul-19-07 11:45 AM |
#27 |
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Now if we could just get that message to the people who are |
annabanana |
Jul-19-07 11:48 AM |
#31 |
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Caveat emptor, my friend...caveat emptor. |
Squatch |
Jul-19-07 11:49 AM |
#35 |
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this is a situation where the person CAN afford it but was screwed up by the policy |
pitohui |
Jul-19-07 11:48 AM |
#32 |
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And being aware of that policy and planning accordingly |
Squatch |
Jul-19-07 11:53 AM |
#41 |
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well no doubt |
pitohui |
Jul-19-07 11:56 AM |
#46 |
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Actually, using my debit card has kept more money in my bank. |
lildreamer316 |
Jul-19-07 04:01 PM |
#64 |
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A belated K & R. |
Cerridwen |
Jul-19-07 11:48 AM |
#30 |
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Gas station pumps put on a $50 hold AND the charge for the gas. |
Rosemary2205 |
Jul-19-07 11:52 AM |
#40 |
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I've never seen a $50 hold on a credit card with gas in Maine |
high density |
Jul-19-07 06:47 PM |
#90 |
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It's $75 in Chicago.....and it's not enough for me when my tank is empty. |
Kingshakabobo |
Jul-19-07 06:50 PM |
#91 |
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Is this something that happens commonly? |
NeedleCast |
Jul-19-07 11:55 AM |
#44 |
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it is most common w. rental cars and hotel rooms by far |
pitohui |
Jul-19-07 11:58 AM |
#48 |
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Thanks |
NeedleCast |
Jul-19-07 12:14 PM |
#50 |
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Same here |
proud2Blib |
Jul-19-07 05:22 PM |
#76 |
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I always run things like that as a "credit transaction" even if I'm using my debit |
CreekDog |
Jul-19-07 12:12 PM |
#49 |
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Are there any good banks? |
Stephanie |
Jul-19-07 12:17 PM |
#51 |
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Greg Palast has a chapter about credit unions in one of his books |
Donnachaidh |
Jul-19-07 12:40 PM |
#57 |
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thanks, I guess I shd do that |
Stephanie |
Jul-19-07 12:56 PM |
#60 |
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My bro in law is on the board at Commerce |
proud2Blib |
Jul-19-07 05:24 PM |
#78 |
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I love Commerce Bank |
ronnykmarshall |
Jul-19-07 08:00 PM |
#102 |
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Love my credit union. |
lildreamer316 |
Jul-19-07 04:02 PM |
#65 |
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I love my BankAtlantic. |
geomon666 |
Jul-19-07 05:09 PM |
#69 |
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Credit Unions |
tammywammy |
Jul-19-07 05:23 PM |
#77 |
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Ditto on the credit union advice. |
missb |
Jul-19-07 06:59 PM |
#93 |
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Di Rita, Rummy's right-hand man, joined B of A in May 2006. |
pat_k |
Jul-19-07 01:11 PM |
#61 |
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BoA once charged me a $30 late fee on a $22 CC balance |
entanglement |
Jul-19-07 04:28 PM |
#67 |
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What we need is tighter regulation of the banking industry |
goodgd_yall |
Jul-19-07 05:12 PM |
#71 |
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I refuse to have a debit card |
Coyote_Bandit |
Jul-19-07 05:32 PM |
#80 |
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Then don't use it as a debit card. |
ronnykmarshall |
Jul-19-07 08:15 PM |
#105 |
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The ATM card I have CANNOT be used |
Coyote_Bandit |
Jul-19-07 09:49 PM |
#107 |
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Ok then ... |
ronnykmarshall |
Jul-19-07 10:25 PM |
#108 |
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Any CS rep should be able to tell you exactly what holds are on your account. |
baldguy |
Jul-19-07 06:45 PM |
#89 |
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Good primer article at msn money central. |
Gormy Cuss |
Jul-19-07 07:48 PM |
#99 |
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