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Old 03-23-2010, 12:01 PM   #21
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BOA sucks, never use them. They like to give credit cards to illegal aliens. You and I end up paying for that default.
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Old 03-23-2010, 12:04 PM   #22
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Originally Posted by Braineack View Post
Order of operations:

Open for business, process all withdraws from largest to smallest regardless of date, process all deposits from smallest to largest regardless of date, collect fees from n00bs with overdraft protection.
Quoted for sad truth. Sad America, our 30% credit cards, and %0.009 interest savings account in the same bank.
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Old 03-23-2010, 12:15 PM   #23
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When I first opened my savings account it was 6%, now it's what 1.1% awesome
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Old 03-23-2010, 12:16 PM   #24
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BOA is awful on overdraft charges. When I was still in the USMC I always got my pay DD'd to my checking. They would show it pending and usually wouldn't release the funds for a couple days.
So I didn't know this at first and paid my bills as usual on the 1st. I got raped for a couple hundred bucks in overdraft charges. So I call customer service the apologize and refund all the charges and say that there should never be a hold that long on my account.
I had the same thing happened the next month. So it was either have BOA rape me $35 a pop on overdraft charges or be late on bills. I was so happy the day I closed that account. I walked in as happy as could be and told the lady I wanted to close my account. She was very nice and asked was there anything they could do to keep me bacnking there. I said sure reund all those overdraft charges and don't hold my check for 3 days every month so I'm late on bills. She didn't say much after that.

I've been with Wells Fargo for a while now and just recently opened a USAA account. Both of those banks have been awesome so far.
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Old 03-23-2010, 12:20 PM   #25
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Ive had BOA since 1999, yet to pay one overdraft fee. Sounds like you guys fail at math.
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Old 03-23-2010, 12:21 PM   #26
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Quote:
Originally Posted by turotufas View Post
But I still hope that them getting rid of overdraft fees is true.
I hope it isn't.

If they take away this penalty, then those of us who use our bank accounts responsibly will see a reduction in the benefits we enjoy in order to pay for your behavior.
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Old 03-23-2010, 12:24 PM   #27
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Originally Posted by elesjuan View Post
Quoted for sad truth. Sad America, our 30% credit cards, and %0.009 interest savings account in the same bank.
For a credit card account you have an option to pay what you owe and have 0%. If you want your money out of your savings, the bank must pay what they owe, plus %0.009 interest that has been accumulated. They can't just be like, "I'll give you some money from your savings now, and pay the rest to you with 30% interest until we get more money." Well, they could, but they already have the money.

Also note that a savings account is primarily for savings. If your goal is to make more interest, consider something less liquid.

If you have overdraft problems, it's time to start getting a little more organized. As in, keep a check register or use online banking. And learn arithmetics.
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Old 03-23-2010, 12:34 PM   #28
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Originally Posted by Braineack View Post
Ive had BOA since 1999, yet to pay one overdraft fee. Sounds like you guys fail at math.
This.

We've been with them forever. Dave Ramsey, whose advice I follow, says they're unfriendly, but I've never had any run-ins or fees.
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Old 03-23-2010, 12:36 PM   #29
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Quote:
Originally Posted by braineack View Post
ive had boa since 1999, yet to pay one overdraft fee. Sounds like you guys fail at math.
+1
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Old 03-23-2010, 01:07 PM   #30
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Quote:
Originally Posted by Cococarbine3 View Post
Also note that a savings account is primarily for savings. If your goal is to make more interest, consider something less liquid.
It's also worth noting that if you shop around, you can find higher-yield deposit instruments that allow you to retail liquidity.

For example, I like to keep at least $40-50k available in liquid cash, for "just-in-case" type scenarios (such as the $35,000 tax bill I have right now.) To this end, I have accounts to two different credit unions: San Diego County Credit Union, and Florida Central Credit Union.

FCCU pays me 4.41% APR on my checking account for balances up to $15,000, free transactions at all ATMs (including coverage of fees charged by the ATM owner)and free overdraft protection up to $300 per instance, $700 total.

SDCCU seems to have cut back a little bit recently. Apparently I'm only getting 0.6% APY from them on my money market account.
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Old 03-23-2010, 01:41 PM   #31
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money market accounts ftw
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Old 03-23-2010, 02:04 PM   #32
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I just bought some Toyota HVAC control slider ***** on eBay, and the seller also included one Iraqi Dinar and a note listing all the investment possibilities with the new Dinar. It seems pretty safe, I'm going to invest all my liquid funds into Dinars.
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Old 03-23-2010, 02:09 PM   #33
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Right. Though liquid accounts with a higher APY entail additional rules to that of a basic checking, which if not followed can induce consequences. For instance a money market account usually has a transaction limit per month, etc. However, the annual percentage yield on mms are fantastic.

.6% APY on a mm is NOT awesome lol.

Did you know that when asking for rates on say a CD or MM, the teller/banker must quote word for word "The annual percentage yield for [insert account] is xx% based on an interest rate of xx" to be in compliance with the equal credit and fair lending act? They can't say "APY" or forget to say the interest rate the yield is based upon. For homework I had to call several different banks to evaluate who did that and hardly any did lol.
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Old 03-23-2010, 02:39 PM   #34
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I just bought some Toyota HVAC control slider ***** on eBay, and the seller also included one Iraqi Dinar and a note listing all the investment possibilities with the new Dinar. It seems pretty safe, I'm going to invest all my liquid funds into Dinars.
Having worked in Iraq for over 5 years, I think that is an extremely risky investment.
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Old 03-23-2010, 02:52 PM   #35
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Originally Posted by Milton Tucker View Post
Having worked in Iraq for over 5 years, I think that is an extremely risky investment.
But this eBay seller told me that if the Dinar increases to just equal the next-lowest Middle Eastern currency, I could turn $10,000 into $260,000!! I don't see how I could lose.


Seriously, though, I'm curious...there seems to this whole group trying to encourage investment in Iraqi Dinars. Why? Are they trying to artificially boost the value by a word-of-mouth campaign? Could you seriously affect a currency's value so much that it'd be worth the effort?
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Old 03-23-2010, 02:54 PM   #36
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Originally Posted by Cococarbine3 View Post
.6% APY on a mm is NOT awesome lol.
Yeah, I didn't even notice it had gone that low until today.

Just checked Mission Federal Credit Union and Point Loma Credit Union (the other two big ones in this area). Mission has the same rates as SDCCU, but Point Loma has a similar deal to FCCU with 2.25% APY on checking up to $25k. Guess I'll be opening yet another account, and yet another check card I need to make sure I keep at least 12 transactions a month on.

Fortunately, PayPal is a wonderful tool for satisfying the direct deposit requirements. I just deposit $1 a month from one account into another, and then move the same $1 back into the account it came from.
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Old 03-23-2010, 03:01 PM   #37
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so what happened?
looks like i have no time to bring them to small claims court. they would probably ***** out either way and settle if i had time to bring them there. they would have a hard time representing themselves in small claims court without a lawyer.

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Your life is a series of clusterfucks.
and you finally understand this now?!

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banks were'nt you going to ship off to bootcamp yesterday the 22nd?????????????????????????????????????????????? ?????????????????????????????????????????????????? ????????????
no, tomorrow im shipping off!

remember 20100324. i have to stay at this hotel tonight, go to meps tomorrow, get sworn in part deux, then leave this shithole.
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Old 03-23-2010, 03:08 PM   #38
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that didnt explain to me why you have fees or errors...
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Old 03-23-2010, 03:18 PM   #39
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that didnt explain to me why you have fees or errors...
im still trying to find out why the hell i got them. i think it was a bad glitch.


one time they credited me 50 bucks, then i spent it, then they took 50 out. then i said wtf i just spent 50 i didnt have to. then they gave me it back

**** just happens to me. i hav bad luck.
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Old 03-23-2010, 03:26 PM   #40
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You most likely wont get it back no matter what. I once overdrafted $.20 even though it said I had $30 in my account still. I than walked to the atm checked how much I owed hit with a $35 fee walked back to pay it and they had charged me another $60 in that 30 seconds. WTF?! Sure enough I had to pay it. Banks are fucked up and will take your money in ways that arent right. /end thread
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