When you must manage your money very closely, a prepaid card helps you avoid overdraft fees.
Proactively Protect Your Account Against Fraud
Consumers should play an active role in protecting themselves against fraud.
Lake Michigan Credit Union (LMCU) and PINless Debit
Merchants who run debit card purchases as PINless debit should offer consumers a choice to run it as signature debit.
Target RED Card Debit: Zero Fraud So Far
In the massive data breach at Target, see why the Target REDCard debit cards experienced zero fraud.
What To Do After PerkStreet’s Sudden Demise
Have you heard of PerkStreet? It’s a virtual bank that offered up to 2% reward on debit card usage if you also kept $5,000 minimum in a checking account online. This week it suddenly shutdown because it ran out of venture capital funding and it couldn’t find a buyer. The deposits in the accounts are […]
Safeway’s Fast Forward: Get a Discount for Using Bank Debit
Debit or credit? I still prefer credit but in the wild debit usage has exceeded credit usage in both the number of transactions and the total purchase dollars. According to an earnings release by Visa, in 2012, US consumers used debit cards 2.5 times as often as they used credit cards. The total dollars charged to […]
Debit Card Discounts vs Credit Card Rewards
I heard a legal settlement between retailers and Visa and MasterCard got rid of a credit card network rule that prohibited retailers from surcharging credit card purchases. Although it’s a theoretical possibility, I don’t think we will see surcharges any time soon. More likely we will see discounts for debit card purchases. Although the lack […]
How To Withdraw [A Large Amount of] Cash From Online Bank Account
Last time I wrote about How To Deposit Cash To Online Bank Account. This time I’m writing about the opposite: when you use an online bank for your main checking account, how do you withdraw cash, especially a large amount? If you answer ATM or cash back with debit card purchase at a store, that’s […]
Bluebird by American Express: A Full Featured Checking Account That Never Overdrafts
American Express is offering a new checking account and debit card alternative with Walmart called Bluebird. A key benefit of it is that it will never overdraft. Add Cash at Walmart Adding cash to the Bluebird account at Walmart is free. This can be a good way to deposit cash. Walmart is open in evenings […]
Not Necessary to Tell Banks About International Travel
Urban legend says you must notify your credit card or debit card banks before you travel internationally so that they won’t block your cards. I used to believe it. Every time before I left, I would religiously call the banks and tell them the dates and the countries I was going. This last time when […]
Who Use Prepaid Debit Cards
Suze Orman got into some hot water for her exchanges with bloggers on Twitter. Suze Orman launched a prepaid debit card. Bloggers correctly pointed out it’s not good. Suze defended herself by calling a blogger idiot. She later had to apologize. I think bloggers are too worried about the success of Suze Orman’s The Approved […]
Irrational Sensitivity to Service Price Increases
I wrote about people’s irrational sensitivity to gas prices some time ago. This time I’m writing about people’s irrational sensitivity to service price increases. In each case, we are not talking about a lot of money. There are values behind each service. Still, people complain vehemently about the price increases. Debit Card Fees News came […]