Debit cards suck.

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JC

Diamond Member
Feb 1, 2000
5,854
72
91
I hope you are at least not one of those shmucks that doesn't fill ANYTHING out until you get up to the register, THOSE people piss me off, not so much check writers, as the ones who don't bother to make it ANY quicker.

Especially the check writers who don't fill out anything until the checker gives them the total.....grrrrrrrr :|
 

Grasshopper27

Banned
Sep 11, 2002
7,013
1
0
Originally posted by: Tominator
I have NEVER paid a fee of any kind using my VISA debit card. NEVER!

Maybe it's your bank?

Sure you do, you just don't know it.

VISA charges the retailer a percentage of the sale price. Makes everything you buy that much more expensive.

Grasshopper
 

Grasshopper27

Banned
Sep 11, 2002
7,013
1
0
Originally posted by: Millenium
Must be a Cali thing. I have yet to get a charge for using my debit card or any of my credit cards. I always pick credit instead of debit though. Dunno why.

Pick Debit, cheaper in the long run. Picking credit makes the CC companies more money at your expense.

Grasshopper
 

zCypher

Diamond Member
Aug 18, 2002
6,115
171
116
The only time I ever get a charge for using my debit card would be if I'm withdrawing cash at an ATM other than from my banking institution. I have TD Canada Trust and Bank of Montreal, so I can take out money almost no matter where I am. If I buy something with my debit card, it's just the cost of what I buy. If I buy something with Visa, it's just the cost of what I buy - the only time they charge any percentage is if I don't make my payment on time - which I always do. :D
 

SherEPunjab

Diamond Member
Oct 23, 2002
3,841
0
0
Are you guys sure there is a charge? I have a Wells Fargo Visa debit card, and live in Texas. I was not informed of any hidden fees. Shiet.


Can anyone verify Texas?
 

GtPrOjEcTX

Lifer
Jul 3, 2001
10,784
6
81
Originally posted by: zCypher
The only time I ever get a charge for using my debit card would be if I'm withdrawing cash at an ATM other than from my banking institution. I have TD Canada Trust and Bank of Montreal, so I can take out money almost no matter where I am. If I buy something with my debit card, it's just the cost of what I buy. If I buy something with Visa, it's just the cost of what I buy - the only time they charge any percentage is if I don't make my payment on time - which I always do. :D

same here, different banks tho
 

Led Zeppelin

Diamond Member
Oct 15, 2002
3,555
0
71
I've never been charged a surcharge, whether I've chosen debit or credit. Most of the time I pick credit though because it's a pain in the a$$ to put in your PIN, especially with people hovering all over you, you never know who's watching you at that particular moment. You choose credit, goes right through, you sign, and you're on your merry little way. If you're being charged to use debit/credit, I'd switch banks.
 

acidvoodoo

Platinum Member
Jan 6, 2002
2,972
1
0
in the UK we have the link network which pretty much all machines are compatible with, so the UK debit cards ownZ. don't gotta pay shiat
 

JC

Diamond Member
Feb 1, 2000
5,854
72
91
Originally posted by: LedZeppelin
I've never been charged a surcharge, whether I've chosen debit or credit. Most of the time I pick credit though because it's a pain in the a$$ to put in your PIN, especially with people hovering all over you, you never know who's watching you at that particular moment. You choose credit, goes right through, you sign, and you're on your merry little way. If you're being charged to use debit/credit, I'd switch banks.

It's not my bank. The vendors have a little sign that shows the fees they charge...and yes, sometimes I can run my DC as a CC and avoid fees.

JC
 

faZZter

Golden Member
Feb 21, 2001
1,202
0
0
It's not all the bank. Just like another guy said some places add a fee for the convenience of using the card. Like Carl's Jr. They add 50 cents. You must agree to the fee to be able to use the card there. Also ATM's that aren't from your bank often have an associated fee.

If you've never had to pay one of these fees or at least saw that it was required (before you must have turned them down of course, since you have NEVER paid a convenience fee!) then I'd have to say you hardly use your debit card compared to myself and lots of others.
 

Amused

Elite Member
Apr 14, 2001
57,372
19,592
146
The problem here is you are choosing 'debit' instead of 'credit' when you swipe the card. Chose 'credit' and it costs you nothing.

I'll repeat that I have NEVER, not once, not a single damn time, paid an additional charge to use my Visa check card. And I use my check card everywhere I can. I hate carrying cash. But then, I always, without fail, have chosen "CREDIT" when faced with the "credit or debit card" question.
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,402
8,574
126
i dont' even know my pin so i can't use it as debit
 

Miramonti

Lifer
Aug 26, 2000
28,653
100
106
The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!
 

Amused

Elite Member
Apr 14, 2001
57,372
19,592
146
Originally posted by: jjsole
The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!

I haven't paid a single fee at my bank in years.

Checking: Free
Checks: Free
Copies of checks: Free
ATM: I never use another bank's ATM, so it's free
Late fees: If you can't pay as agreed, you deserve them. I never have one.
Higher default interest rates: Same thing. YOU broke the original agreement, and the default rate was explained to you when you signed up. I've never had a CC go to the default rate.

The only people getting "raped" are those too stupid or lazy to figure out how to avoid charges.

But I love those folks. Without them, I'd have to pay fees.

At any rate, how do you expect banks to provide all these services without income?
 

Moonbeam

Elite Member
Nov 24, 1999
74,746
6,762
126
That's it, the self satisfied anal-retent, goodie-two-shoe, smug, self-satisfied losers in life who have been trained like dogs to follow a rigid and narrow routine devoid of human spirit and life are always the winners. They are the same people who prey of human failing, the natural inclination of living beings to live in the moment and enjoy their limited time without filling it with meaningless abstractions like a bank regulations. Happy ho-hum existence to us. At least we can gloat.
 

chansen

Golden Member
Oct 9, 1999
1,133
0
71
Like another in this thread, I'm with TD Canada Trust, and have been since childhood. I get free debit transactions and ATM withdrawals at TD/CT machines as long as I keep my balance above $1000. My gold MasterCard is no fee. Don't care what the interest rate is because I never pay it.

Don't the credit card companies charge you interest from the moment you use your credit card as a debit card? That's why I never use my MC to get cash. I also rip up the MC cheques they send me for the same reason.

Anyone think to go shopping for a bank? Someone has to offer better charges than some of you are paying.
 

Miramonti

Lifer
Aug 26, 2000
28,653
100
106
Originally posted by: Amused
Originally posted by: jjsole The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!
I haven't paid a single fee at my bank in years. Checking: Free Checks: Free Copies of checks: Free ATM: I never use another bank's ATM, so it's free Late fees: If you can't pay as agreed, you deserve them. I never have one. Higher default interest rates: Same thing. YOU broke the original agreement, and the default rate was explained to you when you signed up. I've never had a CC go to the default rate. The only people getting "raped" are those too stupid or lazy to figure out how to avoid charges. But I love those folks. Without them, I'd have to pay fees. At any rate, how do you expect banks to provide all these services without income?

Thats bullsh!t. 90% of the world pays a bill late once in a while, for some reason or another, and they use this to exploit that. If you think those people are stupid and lazy you living on a different planet.

 

Amused

Elite Member
Apr 14, 2001
57,372
19,592
146
Originally posted by: jjsole
Originally posted by: Amused
Originally posted by: jjsole The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!
I haven't paid a single fee at my bank in years. Checking: Free Checks: Free Copies of checks: Free ATM: I never use another bank's ATM, so it's free Late fees: If you can't pay as agreed, you deserve them. I never have one. Higher default interest rates: Same thing. YOU broke the original agreement, and the default rate was explained to you when you signed up. I've never had a CC go to the default rate. The only people getting "raped" are those too stupid or lazy to figure out how to avoid charges. But I love those folks. Without them, I'd have to pay fees. At any rate, how do you expect banks to provide all these services without income?

Thats bullsh!t. 90% of the world pays a bill late once in a while, for some reason or another, and they use this to exploit that. If you think those people are stupid and lazy you living on a different planet.

90%? Is your ass sore after pulling that figure out of it so quickly?

I haven't paid a bill late in over 10 years (and then, it was a utility bill). I guess I'm a freakin' alien, huh?

They list the fees up front. You sign the agreement knowing the fees. I see no exploitation. I only see someone who broke an agreement and is paying the PREVIOUSLY AGREED UPON price for it.

BTW, late fees are not exploitation, they are punishment for not paying on a timely fashion. What other alternative do lenders have? They can't hire goons to break your legs, and late payments cost them money. They have two options; Charge you a fee, or default on the loan and take you to court for the entire outstanding balance plus legal fees.

Which do you prefer?
 

Tangerine

Senior member
Jul 25, 2001
555
0
0
Most banks will waive a late fee if you only ask them once a year.

And to answer the original question, I never pay fees either for using my debit card at a store. I have TCF.
 

Miramonti

Lifer
Aug 26, 2000
28,653
100
106
Originally posted by: Amused
Originally posted by: jjsole
Originally posted by: Amused
Originally posted by: jjsole The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!
I haven't paid a single fee at my bank in years. Checking: Free Checks: Free Copies of checks: Free ATM: I never use another bank's ATM, so it's free Late fees: If you can't pay as agreed, you deserve them. I never have one. Higher default interest rates: Same thing. YOU broke the original agreement, and the default rate was explained to you when you signed up. I've never had a CC go to the default rate. The only people getting "raped" are those too stupid or lazy to figure out how to avoid charges. But I love those folks. Without them, I'd have to pay fees. At any rate, how do you expect banks to provide all these services without income?
Thats bullsh!t. 90% of the world pays a bill late once in a while, for some reason or another, and they use this to exploit that. If you think those people are stupid and lazy you living on a different planet.
90%? Is your ass sore after pulling that figure out of it so quickly? I haven't paid a bill late in over 10 years (and then, it was a utility bill). I guess I'm a freakin' alien, huh? They list the fees up front. You sign the agreement knowing the fees. I see no exploitation. I only see someone who broke an agreement and is paying the PREVIOUSLY AGREED UPON price for it. BTW, late fees are not exploitation, they are punishment for not paying on a timely fashion. What other alternative do lenders have? They can't hire goons to break your legs, and late payments cost them money. They have two options; Charge you a fee, or default on the loan and take you to court for the entire outstanding balance plus legal fees. Which do you prefer?

The agreements are changed it seems every frickin year, but by accepting the agreement to begin with, your accepting that the agreement will can be changed anytime.
rolleye.gif


As for you not paying a bill late in over 10 years, some people have a life. Not to mention a wife, or kids, or medical bills, or getting laid off, or elder care, or sudden transportation costs like a car dying, or all of the above to address. Its not about being stupid and lazy.

The banks used to be there as an institution that would help people be financially responsible with their money, and they would profit by giving you some interest and using your money and selling it to others or investing it in a higher rate of return and so on. But somewhere along the line they realized that their most profitable customer is the irresponsible one who can't manage his financial issues very well and they began to actively seek these people, as well as make it easier for others to be "irresponsible" with their finances by ratcheting down the customer agreements and charging for more for everything and adding new charges to everything else, late fees included but not exclusive to late fees.

Meanwhile they pursue making it harder for you to seek bankruptcy protections so they can have their cake and eat it too. Fvck them. Its become one of the sleaziest industries in corporate america.
 

Amused

Elite Member
Apr 14, 2001
57,372
19,592
146
Originally posted by: jjsole
Originally posted by: Amused
Originally posted by: jjsole
Originally posted by: Amused
Originally posted by: jjsole The banking industry has gotten out of hand...totally raping customers while their profits are absurd. They are charging customers for everything...atm's, getting a copy of your checks, visa late fees are $30+, they double your interest rate on the first late payment...they suck!
I haven't paid a single fee at my bank in years. Checking: Free Checks: Free Copies of checks: Free ATM: I never use another bank's ATM, so it's free Late fees: If you can't pay as agreed, you deserve them. I never have one. Higher default interest rates: Same thing. YOU broke the original agreement, and the default rate was explained to you when you signed up. I've never had a CC go to the default rate. The only people getting "raped" are those too stupid or lazy to figure out how to avoid charges. But I love those folks. Without them, I'd have to pay fees. At any rate, how do you expect banks to provide all these services without income?
Thats bullsh!t. 90% of the world pays a bill late once in a while, for some reason or another, and they use this to exploit that. If you think those people are stupid and lazy you living on a different planet.
90%? Is your ass sore after pulling that figure out of it so quickly? I haven't paid a bill late in over 10 years (and then, it was a utility bill). I guess I'm a freakin' alien, huh? They list the fees up front. You sign the agreement knowing the fees. I see no exploitation. I only see someone who broke an agreement and is paying the PREVIOUSLY AGREED UPON price for it. BTW, late fees are not exploitation, they are punishment for not paying on a timely fashion. What other alternative do lenders have? They can't hire goons to break your legs, and late payments cost them money. They have two options; Charge you a fee, or default on the loan and take you to court for the entire outstanding balance plus legal fees. Which do you prefer?

The agreements are changed it seems every frickin year, but by accepting the agreement to begin with, your accepting that the agreement will can be changed anytime.
rolleye.gif


As for you not paying a bill late in over 10 years, some people have a life. Not to mention a wife, or kids, or medical bills, or getting laid off, or elder care, or sudden transportation costs like a car dying, or all of the above to address. Its not about being stupid and lazy.

The banks used to be there as an institution that would help people be financially responsible with their money, and they would profit by giving you some interest and using your money and selling it to others or investing it in a higher rate of return and so on. But somewhere along the line they realized that their most profitable customer is the irresponsible one who can't manage his financial issues very well and they began to actively seek these people, as well as make it easier for others to be "irresponsible" with their finances by ratcheting down the customer agreements and charging for more for everything and adding new charges to everything else, late fees included but not exclusive to late fees.

Meanwhile they pursue making it harder for you to seek bankruptcy protections so they can have their cake and eat it too. Fvck them. Its become one of the sleaziest industries in corporate america.

First, let me say that bankrupcy laws SHOULD be stiffer. If you can't pay a loan as agreed, they should be able to take what they need to satisfy that loan. The thought that people can declare bankrupcy but still live the same lifestyle they had before is absurd.

As for rising bank fees, the bygone era you speak of was one with few if any credit cards and no ATMs. Do you have any idea how much those systems cost for upkeep alone? Then think about fraud, vandalism, and of course, flakes.

Banks figured out that it makes good business sense to reward honest, timely folks with low or no fees, and punish those who flake and cost them money. I am 100% in favor of this. I refuse to pay fees to makeup the lost revenue caused by flakes and idiots.

I have a life, and a business. Paying my bills on time takes just minutes a month. Of course, people who flake are always full of excuses...
 

Moonbeam

Elite Member
Nov 24, 1999
74,746
6,762
126
If you want to be sure always to have money get in the check cashing business. Lots of people short on money will pay you a nice fee for advancing them something on their next check. Another good one is to lend on a house to the unreliable. When they don't pay you can move in and take over, selling and pocketing the equity they created for you. Life is sweet. People are such fools.
 

Led Zeppelin

Diamond Member
Oct 15, 2002
3,555
0
71
Originally posted by: faZZter
It's not all the bank. Just like another guy said some places add a fee for the convenience of using the card. Like Carl's Jr. They add 50 cents. You must agree to the fee to be able to use the card there. Also ATM's that aren't from your bank often have an associated fee.

If you've never had to pay one of these fees or at least saw that it was required (before you must have turned them down of course, since you have NEVER paid a convenience fee!) then I'd have to say you hardly use your debit card compared to myself and lots of others.


Quite the opposite is true, I use my debit card for just about everything, and not once have I had to endure a surcharge for using it. Ever. I don't like carrying cash on me, so I make 95% of my purchases that I would normally pay cash for with my debit card. I don't know where in the country they are raping you with these fees, but they are nowhere in the Northeast yet.
 

Hamburgerpimp

Diamond Member
Aug 15, 2000
7,464
1
76
Lose cash and you lose it forever. My VISA debit card has the same protection if stolen of a VISA credit card.

I've lost $10 in cash in 30 years. I've been charged about $2000 in late fees, ATM fees and over the limit fees from CC and ATM cards in the same time. I still have an ATM card and two CCs.
 

ReiAyanami

Diamond Member
Sep 24, 2002
4,466
0
0
"$2000 in late fees, ATM fees and over the limit fees"

and interest? seems like some of that should be interest cuz fees alone would mean u've gone over the limit every money and late payment every month?