Comments on: Debit Card Dangers http://www.moneyunder30.com/debit-card-dangers Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: DIANIA http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-10850 DIANIA Thu, 26 May 2011 10:44:42 +0000 http://www.moneyunder30.com/?p=2844#comment-10850 I KNOW TO WELL WHAT YOU ARE TALKING ABOUT, I HAVE A NETSPEND DEBIT CARD, AND I HAD MY WHOLE ENTIRE CHECK DEPOISTED INTO THIS ACCOUNT. AND I WENT TO GET SOME OUT TO PAY MY BILLS AT A ATM MACHINIE IT KEPT TELLING ME I HAD 0.8 IN THE BANK, I DIDNT BELIEVE IT SO I WENT TO ANOTHER TELLER MACHINE. AND IT SAID THE SAME THING. SO I CALLED CUSTOMER SERVICE @ NETSPEND AND THEY SAID I HAD A TRANSFER OUT OF MY ACCOUNT, WHICH I KNOW I DIDNT AUTHORIZE. BECUAUSE WE GOT PAID ON THE 16TH , BUT IT WAS DEPOSITED EARLY ON THE 12TH, AND SOMEONE TRANSFERED IT OUT ON THE 13TH, AND NOW I AM GETTING THE RUN AROUND, SAYING THAT I HAD TO LET SOMEONE HAVE MY ACCOUNT INFORMATION. WHAT PERSON DO YOU KNOW, HAS BILLS, WOULD LET SOMEONE DRAIN HIS OR HER WHOLE BANK ACCOUNT, AND KNOWING THEY HAVE TO PAY BILLS. AND IF I DIDNT GO TO HAVE MY TRUCK WORKED ON, TO GET THE MONEY OUT THE BANK TO PAY THE GUY. I WOULD HAVE NEVER KNOWN. THIS WAS DONE TO WAY AFTER 2 DAYS. BUT I ALWAYS CHECK MY ACCOUNT BECAUSE I ALWAYS CHECK MY ACCOUNT. AND I AM IN A DISPUTE NOW AS I AM WRITING. SO TAKE MY ADVICE I TRUSTED THIS COMPANY TO. AND SEE WHAT HAPPEND. I HAVE BEEN WITH THEM SINCE 2008. AND NEVER THOUGHT THIS WOULD HAPPEN. I KNOW TO WELL WHAT YOU ARE TALKING ABOUT, I HAVE A NETSPEND DEBIT CARD, AND I HAD MY WHOLE ENTIRE CHECK DEPOISTED INTO THIS ACCOUNT. AND I WENT TO GET SOME OUT TO PAY MY BILLS AT A ATM MACHINIE IT KEPT TELLING ME I HAD 0.8 IN THE BANK, I DIDNT BELIEVE IT SO I WENT TO ANOTHER TELLER MACHINE. AND IT SAID THE SAME THING. SO I CALLED CUSTOMER SERVICE @ NETSPEND AND THEY SAID I HAD A TRANSFER OUT OF MY ACCOUNT, WHICH I KNOW I DIDNT AUTHORIZE. BECUAUSE WE GOT PAID ON THE 16TH , BUT IT WAS DEPOSITED EARLY ON THE 12TH, AND SOMEONE TRANSFERED IT OUT ON THE 13TH, AND NOW I AM GETTING THE RUN AROUND, SAYING THAT I HAD TO LET SOMEONE HAVE MY ACCOUNT INFORMATION. WHAT PERSON DO YOU KNOW, HAS BILLS, WOULD LET SOMEONE DRAIN HIS OR HER WHOLE BANK ACCOUNT, AND KNOWING THEY HAVE TO PAY BILLS. AND IF I DIDNT GO TO HAVE MY TRUCK WORKED ON, TO GET THE MONEY OUT THE BANK TO PAY THE GUY. I WOULD HAVE NEVER KNOWN. THIS WAS DONE TO WAY AFTER 2 DAYS. BUT I ALWAYS CHECK MY ACCOUNT BECAUSE I ALWAYS CHECK MY ACCOUNT. AND I AM IN A DISPUTE NOW AS I AM WRITING. SO TAKE MY ADVICE I TRUSTED THIS COMPANY TO. AND SEE WHAT HAPPEND. I HAVE BEEN WITH THEM SINCE 2008. AND NEVER THOUGHT THIS WOULD HAPPEN.

]]> By: John Magee http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-3058 John Magee Mon, 28 Sep 2009 15:02:01 +0000 http://www.moneyunder30.com/?p=2844#comment-3058 Many of these points are very important to consider when shopping for a debit card - especially since they aren't true for all cards to the same extent. For example, I work at PerkStreet Financial (http://www.perkstreet.com), where we are soon launching a new debit card product that addresses some of the points you raise. - Fraud and Merchant Disputes: we have the Visa Zero Liability Policy - Fees: you can choose not to opt in for overdraft protection at account signup - Rewards: we offer 1% cash back or similar rewards in the form of coffee or music purchases at leading retailers So, as in all matters of finance, it pays to shop around, compare cards, and choose the one that is best for you. Many of these points are very important to consider when shopping for a debit card – especially since they aren’t true for all cards to the same extent.

For example, I work at PerkStreet Financial (http://www.perkstreet.com), where we are soon launching a new debit card product that addresses some of the points you raise.

- Fraud and Merchant Disputes: we have the Visa Zero Liability Policy

- Fees: you can choose not to opt in for overdraft protection at account signup

- Rewards: we offer 1% cash back or similar rewards in the form of coffee or music purchases at leading retailers

So, as in all matters of finance, it pays to shop around, compare cards, and choose the one that is best for you.

]]> By: John Hunter http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-3046 John Hunter Sat, 26 Sep 2009 12:24:11 +0000 http://www.moneyunder30.com/?p=2844#comment-3046 I think is it better to use a credit card and pay off your balance. You get protection (fraud and issues with merchants) and free float of money until your bill comes. If you chose to use a debit card instead though you are right that keeping a cash cushion is wise. I think is it better to use a credit card and pay off your balance. You get protection (fraud and issues with merchants) and free float of money until your bill comes. If you chose to use a debit card instead though you are right that keeping a cash cushion is wise.

]]> By: Live for Improvement http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-2986 Live for Improvement Thu, 24 Sep 2009 23:07:21 +0000 http://www.moneyunder30.com/?p=2844#comment-2986 I am an advocate for keeping credit cards at a zero balance, but not using them. I will sometimes use them as a pass through account for big ticket purchases, just to keep them active. But as soon as I make the purchase on the credit card I make a payment from my checking account to zero it back out. I am not disciplined enough for day to day use. -Dan Malone- I am an advocate for keeping credit cards at a zero balance, but not using them. I will sometimes use them as a pass through account for big ticket purchases, just to keep them active. But as soon as I make the purchase on the credit card I make a payment from my checking account to zero it back out. I am not disciplined enough for day to day use.

-Dan Malone-

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