Do you want to be charged for using your debit card?

Jiro said:
we all have fraud protection. since it happened to you 3x and none for me... I guess BofA is doing its job pretty damn good.
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But you said you didn't.... *shrug*
 
TXgolfer said:
If you don't have fraud protection it must be. *shrug* And yes even still out of the Major banks I would say BofA is the worst. Have you not watched the news lately? You might want to start.
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Yep, when you watch the money shows, the talk is all about fears of banks going under. I don't give a hoot if it happens, since I am ready. Ho hum.
 
TXgolfer said:
But you said you didn't.... *shrug*
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um.... no I didn't say I don't have it but I can't say same for all other banks. and beside - once it happened.. money's gone from your account and you won't get it back for time being. why risk it?

btw - "we all" as in... BoA customers. btw - what's up with these *shrug* thing? :lol:
 
I'm really not care about fee for using the debit card because I use credit card at most time for purchases so debit card used for ATM to withdraw the cash to pay any organization or event fees at GU.

Txgolfer is correct about Wells Fargo has fraud protection on debit card but I feel that credit card is more safer to use.

Wachovia is gone now in DC so all converted to Wells Fargo.
 
Beowulf said:
Yep, when you watch the money shows, the talk is all about fears of banks going under. I don't give a hoot if it happens, since I am ready. Ho hum.
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I know you are. You have had a pretty good plan....but don't hang on too long. $1600ish
 
TXgolfer said:
Post 17

http://www.alldeaf.com/1930039-post17.html
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right.

and I'm using Bank of America. You should know that Bank of America does have fraud protection. How can it not have fraud protection when BoA is bigger than both of your banks combined? :lol: But not all banks have this protection like big namer banks do but it's not a guarantee either.

Again - once your money's gone from your account... it's gone. There's no guarantee that you'll get it back despite of fraud protection claim. Why risk that headache?
 
Jiro said:
right.

and I'm using Bank of America. You should know that Bank of America does have fraud protection. How can it not have fraud protection when BoA is bigger than both of your banks combined? :lol: But not all banks have this protection like big namer banks do but it's not a guarantee either.

Again - once your money's gone from your account... it's gone. There's no guarantee that you'll get it back despite of fraud protection claim. Why risk that headache?
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Nice try. :lol:

And again you might want to try reading the news now and then.

same here. I hate using debit card because of fraudulent risk. There's no protection.
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:lol:
 
TXgolfer said:
Nice try. :lol:

And again you might want to try reading the news now and then.
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I have and I still don't have a problem with them. FYI - my brother works for biggest bank in the world and also worked for one of the biggest banks in the world that appears in news several times. And I'm not talking about some lower tier job position like cashier or branch.

his opinion on some news about BoA that you speak of? LOL! His words are - "don't be naive. they're not that stupid." :lol:
 
Credit, Debit and Fraud Protection
Credit or debit?

Credit cards make breaches of financial security slightly easier to address. With a credit card, a consumer has at least 21 days from the time a statement is available to pay the amount due. That's plenty of time to notice unauthorized charges, notify your issuer of the issue, and have them removed from your bill. With a debit card, on the other hand, a thief could clear out your bank account before you notice. Although you will recover all of your money, finding your bank account empty can be quite a shock.
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Credit Card Fraud and Debit Card Scam Alert | USA.gov
8 Reasons to Worry About Debit Cards - Debit Card Security: Top Eight Reasons to Be Concerned - ABC News

"I don't have a debit card. I believe it's one of the worst financial tools ever given to the American public," says Frank Abagnale, a former fraudster turned security consultant who was the inspiration for the film "Catch Me if You Can."

"The safest form of payment that truly exists on the planet is the credit card," says Abagnale. "I removed 99 percent of the risk because I spend the credit card company's money. If someone looks over my shoulder and gets my number, I have zero liability."

Detweiler says credit cards make sense for most purchases, but if you're drowning in debt, a debit card may be your best bet.

and much more from the link
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Debit Card Safety Tips
But what you may not know is your debit card does not carry the same fraud protection as your credit card, specifically because it is tied to your checking or savings account. After all, cash from a credit card comes from the card issuer. Cash from your debit card comes right out of your bank account.
Debit cards are not risk free

It's convenient to swipe that card at the checkout, but folks at the Privacy Rights Clearinghouse (PRC), a nonprofit consumer organization, suggest you think twice before you pull out your debit card to pay for groceries.

First, debit cards and credit cards do not carry similar protection. Like credit cards, the most you can be held liable for in case of card fraud is $50 on a fraudulent transaction, but unlike credit cards, this is only if you notify the bank within two days of the transaction. If not, you remain liable for the full cost of the transaction. You can contest the decision, but either way the money in your bank account is gone.

If you notify the bank in time, you won't be liable for the transaction, the PRC says. But you won't get your money back immediately either. The bank will conduct an investigation of your claim and, until that investigation is complete, you're out whatever money was withdrawn from your account. That could lead to late bill payments, bounced checks or worse.
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so... there you go :)

as recommended by my brother, many experts and few people I know who were victims of fraud... stick with credit card :)
 
Alright for now on I will use credit option instead of debit on my bank card.
 
This is why I do not have a debit card any more! I do not want to pay money to spend my own money!!
 
Jiro said:
so... there you go :)

as recommended by my brother, many experts and few people I know who were victims of fraud... stick with credit card :)
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Again, people should check with their bank and read the docs that they received with their cards. In each instance my banks deposited the amount immediately. The deposit was provisional based on the claim being approved, but the funds are available. I'm sure BoA does this as well.

As for your brother. If he is laughing off BoA.....good luck to him. :lol:
 
TXgolfer said:
Again, people should check with their bank and read the docs that they received with their cards. In each instance my banks deposited the amount immediately. The deposit was provisional based on the claim being approved, but the funds are available. I'm sure BoA does this as well.

As for your brother. If he is laughing off BoA.....good luck to him. :lol:
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luck doesn't mean anything to him. only dollars and numbers. :lol:
 
I don't pay anything to use my debit card, same with my credit cards. My no-fee credit cards all offer cash back as well. So it's nice getting something back and not having to pay for it.
 
I remember using my BOA debit (ATM) card at supermarkets and non-BOA ATMs. I was charged $1.50-2.50 per transaction so I stopped doing that and pay by cash instead/make withdrawls at BOA ATMs only. If it's over $300 per purchase, then I use my credit card. No harm done so far.
 
I am curious about the ATM fees.

Do your banks charge you with ATM fee when you withdraw cash from ATM machine at other banks, stores or other places?
 
Bottesini said:
Is that if you use it, or if you have one? I have a debit card because you need to use it at the teller window for deposits, withdrawals, etc.

Not my choice at all, and I will be miffed if they charge a fee for something I don't even want.
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On CNN today, they said that there is no charge for using a debit card if you use it only at BOA's ATM machines or for teller transactions.

That's the only place I use my debit card (not from BOA, though) anyway. I get out cash once a month from the ATM for small purchases, and use the credit card for everything else. And then pay off the credit card charges in full every month.

Getting out a certain amount in cash helps me rein in discretionary spending; I've got what I've got and that's it for the month.
 
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