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College kids needs to send 25 bucks to someone in another state over the phone or the PC
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Robin Goodfellow
Oct 11, 2021, 6:07:45 PM10/11/21
to
College kids need to exchange small amounts of money.
Twenty five bucks or so sporadically (as needed).
They're old high school buddies who are dispersed in colleges.
They asked me how to send money when they only have debit cards.
This particular situation is they're all pitching in to get a joint surprise
gift, but it could be for anything that they might need to send money for.
When they asked me for help, I googled and found a few ways (Venmo, Zelle,
SquareCash, PayPal, FacebookMessenger, WesternUnion, GoogleWallet,
ApplyPayCash, CashApp, GooglePay, ApplePay, etc.) in adition to wire
transfer, gift cards, cash, and check (does anyone do postal money orders
anymore?).
On VPN, arbitrarily I first tried Venmo where I set up a bogus account with
a throwaway proton mail using a fake name and a throwaway phone number for
one of them to populate with her debit card, but I don't have any experience
with this. Particularly when some transactions take 3% or more out of their
accounts (the one $25 transaction they just did was apparently free though).
Given I have absolutely no experience sending money over the phone or PC...
What methods do you suggest for college kids who will be sending only small
amounts of money amongst themselves using their debit cards over phone/PC?
Twenty five bucks or so sporadically (as needed).
They're old high school buddies who are dispersed in colleges.
They asked me how to send money when they only have debit cards.
This particular situation is they're all pitching in to get a joint surprise
gift, but it could be for anything that they might need to send money for.
When they asked me for help, I googled and found a few ways (Venmo, Zelle,
SquareCash, PayPal, FacebookMessenger, WesternUnion, GoogleWallet,
ApplyPayCash, CashApp, GooglePay, ApplePay, etc.) in adition to wire
transfer, gift cards, cash, and check (does anyone do postal money orders
anymore?).
On VPN, arbitrarily I first tried Venmo where I set up a bogus account with
a throwaway proton mail using a fake name and a throwaway phone number for
one of them to populate with her debit card, but I don't have any experience
with this. Particularly when some transactions take 3% or more out of their
accounts (the one $25 transaction they just did was apparently free though).
Given I have absolutely no experience sending money over the phone or PC...
What methods do you suggest for college kids who will be sending only small
amounts of money amongst themselves using their debit cards over phone/PC?
Zaidy036
Oct 11, 2021, 7:22:03 PM10/11/21
to
Rod Speed
Oct 11, 2021, 7:23:35 PM10/11/21
to
Robin Goodfellow <Ancient...@Heaven.Net> wrote
> College kids need to exchange small amounts of money.
> Twenty five bucks or so sporadically (as needed).
Not just college kids either.
I use paypal or our banking system to do that.
Not just exchanging money either, watching a doco on china
with virtually everyone using their phone to pay for what they buy.
> They're old high school buddies who are dispersed in colleges.
> They asked me how to send money when they only have debit cards.
Tell them to use paypal or the banking app on the phone.
> This particular situation is they're all pitching in to get a joint
> surprise
> gift, but it could be for anything that they might need to send money for.
> When they asked me for help, I googled and found a few ways (Venmo,
> Zelle, SquareCash, PayPal, FacebookMessenger, WesternUnion, GoogleWallet,
> ApplyPayCash, CashApp, GooglePay, ApplePay, etc.) in adition to wire
> transfer, gift cards, cash, and check (does anyone do postal money orders
> anymore?).
> On VPN, arbitrarily I first tried Venmo where I set up a bogus account
> with
> a throwaway proton mail using a fake name and a throwaway phone number
> for one of them to populate with her debit card, but I don't have any
> experience
> with this. Particularly when some transactions take 3% or more out of
> their
> accounts (the one $25 transaction they just did was apparently free
> though).
Paypal is free when you do the transfer between bank accounts rather
than between cards. So is our banking app transfers. Both are instant too.
> College kids need to exchange small amounts of money.
> Twenty five bucks or so sporadically (as needed).
I use paypal or our banking system to do that.
Not just exchanging money either, watching a doco on china
with virtually everyone using their phone to pay for what they buy.
> They're old high school buddies who are dispersed in colleges.
> They asked me how to send money when they only have debit cards.
> This particular situation is they're all pitching in to get a joint
> surprise
> gift, but it could be for anything that they might need to send money for.
> When they asked me for help, I googled and found a few ways (Venmo,
> Zelle, SquareCash, PayPal, FacebookMessenger, WesternUnion, GoogleWallet,
> ApplyPayCash, CashApp, GooglePay, ApplePay, etc.) in adition to wire
> transfer, gift cards, cash, and check (does anyone do postal money orders
> anymore?).
> On VPN, arbitrarily I first tried Venmo where I set up a bogus account
> with
> a throwaway proton mail using a fake name and a throwaway phone number
> for one of them to populate with her debit card, but I don't have any
> experience
> with this. Particularly when some transactions take 3% or more out of
> their
> accounts (the one $25 transaction they just did was apparently free
> though).
than between cards. So is our banking app transfers. Both are instant too.
Big Al
Oct 11, 2021, 8:04:37 PM10/11/21
to
I use paypal for so much but we use it with our kids. I had it assigned to a credit card and it works fine that way to buy stuff on line,
no charges from paypal, but don't send money to someone, that costs.
I changed to linking paypal to my bank account and there is no charge then.
Al
--
Linux Mint Cinnamon 20.2 64bit, Dell Inspiron 5570 laptop
Quad Core i7-8550U, 16G Memory, 512G SSD, 750G & 1TB HDDs
John McGaw
Oct 11, 2021, 9:11:33 PM10/11/21
to
vlogger in the UK and it was quick and painless.
--
Bodger's Dictum: Artifical intelligence
can never overcome natural stupidity.
Your Name
Oct 11, 2021, 9:36:50 PM10/11/21
to
to another account ... or \shock/ \horror/ go in to an actual bank
branch!? Even using different banks shouldn't be a problem for people
in the same country.
There seems to be an over reliance on adding complicated excess
"solutions" to something that can already be done easily, simply for
the sake of using the latest new-fangled "tech" device or service. :-\
Rod Speed
Oct 11, 2021, 10:17:18 PM10/11/21
to
Your Name <Your...@YourISP.com> wrote
> Big Al wrote
with PayID, usually overnight or even a couple of days over
the weekend with some banks. And not as safe because it
isn't hard to stuff up the bsb or bank account number and
end up sending it to the wrong person. With PayPal and
PayID you get confirmation of the name of the recipient.
> or \shock/ \horror/ go in to an actual bank branch!?
That wasn't free the last time I was stupid enough
to go that route a decade or two ago here.
> Even using different banks shouldn't be a problem for people in the same
> country.
But is a problem when not in the same country.
Although admittedly even paypal isn't free in that case.
> There seems to be an over reliance on adding complicated excess
> "solutions"
Nothing complicated about it with paypal, all you
need is their email address. With PayID it can be
a variety of other things too like their cellphone #
> to something that can already be done easily,
Nothing like a simple going into the physical bank
with the restricted hours etc and that isn't instant
either with the other party able to see the amount
received so they can hand over the goods if you
are buying something.
> simply for the sake of using the latest new-fangled "tech" device or
> service. :-\
Its for the other advantages, stupid.
This clown is too stupid to have a mobile phone
and just trolls in here with shit like this.
> Big Al wrote
> Why not just use the standard online banking or banking app to transfer to
> another account ...
That was much slower in Australia until the instant transfer
> another account ...
with PayID, usually overnight or even a couple of days over
the weekend with some banks. And not as safe because it
isn't hard to stuff up the bsb or bank account number and
end up sending it to the wrong person. With PayPal and
PayID you get confirmation of the name of the recipient.
> or \shock/ \horror/ go in to an actual bank branch!?
to go that route a decade or two ago here.
> Even using different banks shouldn't be a problem for people in the same
> country.
Although admittedly even paypal isn't free in that case.
> There seems to be an over reliance on adding complicated excess
> "solutions"
need is their email address. With PayID it can be
a variety of other things too like their cellphone #
> to something that can already be done easily,
with the restricted hours etc and that isn't instant
either with the other party able to see the amount
received so they can hand over the goods if you
are buying something.
> simply for the sake of using the latest new-fangled "tech" device or
> service. :-\
This clown is too stupid to have a mobile phone
and just trolls in here with shit like this.
Big Al
Oct 11, 2021, 10:41:02 PM10/11/21
to
On 10/11/21 10:17 PM, this is what Rod Speed wrote:
> This clown is too stupid to have a mobile phone
> and just trolls in here with shit like this.
Can't even fill out the name field in the client. "Your Name"
> This clown is too stupid to have a mobile phone
> and just trolls in here with shit like this.
Your Name
Oct 11, 2021, 10:45:34 PM10/11/21
to
On 2021-10-12 02:41:01 +0000, Big Al said:
> On 10/11/21 10:17 PM, this is what Rod Speed wrote:
>> This clown is too stupid to have a mobile phone
>> and just trolls in here with shit like this.
> Can't even fill out the name field in the client. "Your Name"
I purposely filled it out with that nickname. By default it is blank.
> On 10/11/21 10:17 PM, this is what Rod Speed wrote:
>> This clown is too stupid to have a mobile phone
>> and just trolls in here with shit like this.
> Can't even fill out the name field in the client. "Your Name"
I'm not stupid enough to use my real name and couldn't be bothered
wasting time trying to come up with something "clever" (especially as
most others usually aren't anyway).
Your Name
Oct 11, 2021, 10:51:41 PM10/11/21
to
On 10/11/21 10:17 PM, this is what Rod Speed wrote:
> This clown is too stupid to have a mobile phone and just trolls in here
> with shit like this.
Idiot! How many people in the Space Shuttle newsgroup have been on the
> This clown is too stupid to have a mobile phone and just trolls in here
> with shit like this.
Space Shuttle, let alone own one?
It's called "having an interest". :-\
Rod Speed
Oct 12, 2021, 12:01:35 AM10/12/21
to
Your Name <Your...@YourISP.com> wrote
> Rod Speed wrote
>> This clown is too stupid to have a mobile phone
>> and just trolls in here with shit like this.
> Idiot! How many people in the Space Shuttle newsgroup
> have been on the Space Shuttle, let alone own one?
Irrelevant to how stupid it is to not have a mobile phone now.
>> This clown is too stupid to have a mobile phone
>> and just trolls in here with shit like this.
> Idiot! How many people in the Space Shuttle newsgroup
> have been on the Space Shuttle, let alone own one?
Chris
Oct 12, 2021, 4:08:06 AM10/12/21
to
system is very backward. That's why there's so many alternative apps as
they're filling in holes in the traditional banking system.
I suspect doing a bank transfer is slow and/or expensive.
Here in the UK, bank transfers are almost immediate and free for up to
£10k.
We can even send money using a person's mobile number only.
> There seems to be an over reliance on adding complicated excess
> "solutions" to something that can already be done easily, simply for
> the sake of using the latest new-fangled "tech" device or service. :-\
Rod Speed
Oct 12, 2021, 5:29:56 AM10/12/21
to
Chris <ithi...@gmail.com> wrote
New Zealand. He's an illegal immigrant
from the USA, there to fuck their sheep.
> but from what I gather the US banking system is very
> backward. That's why there's so many alternative apps as
> they're filling in holes in the traditional banking system.
How odd that they invented the credit card, and apple pay and google pay.
> I suspect doing a bank transfer is slow and/or expensive.
You'd be wrong, as always.
> Here in the UK, bank transfers are almost
> immediate and free for up to £10k.
> We can even send money using a person's mobile number only.
So can they.
>> There seems to be an over reliance on adding complicated excess
>> "solutions" to something that can already be done easily, simply for
>> the sake of using the latest new-fangled "tech" device or service. :-\
> Not sure that's the case in the US for all banks.
Yes it is.
> Your Name <Your...@YourISP.com> wrote
>> Big Al wrote
>> Big Al wrote
from the USA, there to fuck their sheep.
> but from what I gather the US banking system is very
> backward. That's why there's so many alternative apps as
> they're filling in holes in the traditional banking system.
> I suspect doing a bank transfer is slow and/or expensive.
> Here in the UK, bank transfers are almost
> immediate and free for up to £10k.
> We can even send money using a person's mobile number only.
>> There seems to be an over reliance on adding complicated excess
>> "solutions" to something that can already be done easily, simply for
>> the sake of using the latest new-fangled "tech" device or service. :-\
> Not sure that's the case in the US for all banks.
Chris
Oct 12, 2021, 7:07:22 AM10/12/21
to
> and apple pay and google pay.
contactless payments in the US when in many countries we'd moved away from
signatures a long time ago and have been using contactless (or st least
chip and PIN) for a nearly decade prior to apple/google pay.
>> I suspect doing a bank transfer is slow and/or expensive.
>
> You'd be wrong, as always.
the OP.
>> Here in the UK, bank transfers are almost
>> immediate and free for up to £10k.
>
>> We can even send money using a person's mobile number only.
>
> So can they.
>>> There seems to be an over reliance on adding complicated excess
>>> "solutions" to something that can already be done easily, simply for
>>> the sake of using the latest new-fangled "tech" device or service. :-\
>
>> Not sure that's the case in the US for all banks.
>
> Yes it is.
Wolffan
Oct 12, 2021, 8:32:43 AM10/12/21
to
On 2021 Oct 11, Big Al wrote
(in article <sk2jek$tfd$1...@dont-email.me>):
I’d use Paypal or Zell. Both free; Paypal requires that you have a PP
account, linked, as noted above. Zell requires that you know the bank and a
email address associated with a particular account.
I use different accounts for Zell and Paypal, based on email addresses never
revealed on usenet and not used for email except to the bank, and in the case
of the Paypal account, to Paypal. If there’s a security problem I know
exactly who to talk to. Besides, I typically don’t leave much in the
accounts attached to Zell or Paypal, usually under $50, as it’s trivial to
transfer in funds if needed, and this way even if someone does do something
naughty, the most they can usually get is $50. And if it’s the bank’s
fault, and it will be, I’ll get the money back, though it might take a
while. In pre-Zell days someone once got into multiple people’s accounts at
one bank I use; my account got a fake deposit of $500, followed by a
withdrawal of $1000 and another of $750, sending that account into overdraft.
It took three weeks, but I got a new account, all my money back, and all fees
rescinded. The Feds got a new boy in the gray-bar hotel. In the meantime I
was able to drive on, using accounts which were not affected. Including
accounts at that bank. (Chase, for those who must know. I find Chase to be
less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
(in article <sk2jek$tfd$1...@dont-email.me>):
account, linked, as noted above. Zell requires that you know the bank and a
email address associated with a particular account.
I use different accounts for Zell and Paypal, based on email addresses never
revealed on usenet and not used for email except to the bank, and in the case
of the Paypal account, to Paypal. If there’s a security problem I know
exactly who to talk to. Besides, I typically don’t leave much in the
accounts attached to Zell or Paypal, usually under $50, as it’s trivial to
transfer in funds if needed, and this way even if someone does do something
naughty, the most they can usually get is $50. And if it’s the bank’s
fault, and it will be, I’ll get the money back, though it might take a
while. In pre-Zell days someone once got into multiple people’s accounts at
one bank I use; my account got a fake deposit of $500, followed by a
withdrawal of $1000 and another of $750, sending that account into overdraft.
It took three weeks, but I got a new account, all my money back, and all fees
rescinded. The Feds got a new boy in the gray-bar hotel. In the meantime I
was able to drive on, using accounts which were not affected. Including
accounts at that bank. (Chase, for those who must know. I find Chase to be
less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
nospam
Oct 12, 2021, 11:05:22 AM10/12/21
to
In article <0001HW.2715B7E503...@news.supernews.com>,
Wolffan <akwo...@zoho.com> wrote:
> Iąd use Paypal or Zell. Both free; Paypal requires that you have a PP
sign up to receive the funds.
> Zell requires that you know the bank and a
> email address associated with a particular account.
just an email or phone number, and also will need to enroll if not
already.
Wolffan <akwo...@zoho.com> wrote:
> Iąd use Paypal or Zell. Both free; Paypal requires that you have a PP
> account, linked, as noted above.
only to receive, and if not enrolled, then the recipient will need to
sign up to receive the funds.
> Zell requires that you know the bank and a
> email address associated with a particular account.
already.
Rod Speed
Oct 12, 2021, 11:11:20 AM10/12/21
to
Chris <ithi...@gmail.com> wrote
Not with your restriction to the banking system.
The original card didn’t come from the banking system.
>> and apple pay and google pay.
> False.
Nope.
> The banks didn't invent that
They didn’t invent the credit card either.
> and it essentially introduced contactless payments in the US
BULLSHIT.
> when in many countries we'd moved away from signatures
> a long time ago and have been using contactless (or st least
> chip and PIN) for a nearly decade prior to apple/google pay.
> apple/google pay. isn't about moving away from signatures.
>>> I suspect doing a bank transfer is slow and/or expensive.
>> You'd be wrong, as always.
> And yet there's people who ask how to transfer
> money between people? Like the OP.
Not because doing a bank transfer is slow and/or expensive.
Vast numbers pay their bills that way in the USA
and it works fine and doesn’t cost them anything
if they use a debit card.
>>> Here in the UK, bank transfers are almost
>>> immediate and free for up to £10k.
>>> We can even send money using a person's mobile number only.
>> So can they.
> Via the bank or some third party?
Via the bank.
>>>> There seems to be an over reliance on adding complicated excess
>>>> "solutions" to something that can already be done easily, simply for
>>>> the sake of using the latest new-fangled "tech" device or service.
>>>> :-\
>>> Not sure that's the case in the US for all banks.
>> Yes it is.
> *All* of them?
Yep, all of them can do that with a debit card.
The original card didn’t come from the banking system.
>> and apple pay and google pay.
> False.
> The banks didn't invent that
> and it essentially introduced contactless payments in the US
> when in many countries we'd moved away from signatures
> a long time ago and have been using contactless (or st least
> chip and PIN) for a nearly decade prior to apple/google pay.
>>> I suspect doing a bank transfer is slow and/or expensive.
>> You'd be wrong, as always.
> And yet there's people who ask how to transfer
> money between people? Like the OP.
Vast numbers pay their bills that way in the USA
and it works fine and doesn’t cost them anything
if they use a debit card.
>>> Here in the UK, bank transfers are almost
>>> immediate and free for up to £10k.
>>> We can even send money using a person's mobile number only.
>> So can they.
> Via the bank or some third party?
>>>> There seems to be an over reliance on adding complicated excess
>>>> "solutions" to something that can already be done easily, simply for
>>>> the sake of using the latest new-fangled "tech" device or service.
>>>> :-\
>>> Not sure that's the case in the US for all banks.
>> Yes it is.
> *All* of them?
Tim Slattery
Oct 12, 2021, 11:22:13 AM10/12/21
to
Wolffan <akwo...@zoho.com> wrote:
>I’d use Paypal or Zell. Both free; Paypal requires that you have a PP
>account, linked, as noted above. Zell requires that you know the bank and a
>email address associated with a particular account.
I don't know about Paypal, but Zelle allows you to designate a
>I’d use Paypal or Zell. Both free; Paypal requires that you have a PP
>account, linked, as noted above. Zell requires that you know the bank and a
>email address associated with a particular account.
recipient by either an email address or a phone number. I've sent
money to people both ways. Some banks support Zelle directly (I get to
it via my bank's app), some don't. For banks that don't, you can
download the Zelle app and connect it to your debit card. There are
come oddities with that setup, but in general it works just fine.
And the sender and recipient don't need to know anything about each
other's banking arrangement.
--
Tim Slattery
tim <at> risingdove <dot> com
Ken Blake
Oct 12, 2021, 11:42:20 AM10/12/21
to
card, which is what I always want.
--
Ken
AJL
Oct 12, 2021, 11:46:34 AM10/12/21
to
Rod Speed wrote:
> Vast numbers pay their bills that way [bank transfer] in the USA
fees, car license plate fees, and my monthly Amex bill, all by direct
bank transfer. All free. I could use a credit card but if I do a fee is
charged.
> if they use a debit card.
No debit card required for me. My bank account info is either kept on
file with the various organizations or entered at payment time.
> Vast numbers pay their bills that way [bank transfer] in the USA
> and it works fine and doesn’t cost them anything
I pay US income taxes, state income taxes, local property taxes, HOA
fees, car license plate fees, and my monthly Amex bill, all by direct
bank transfer. All free. I could use a credit card but if I do a fee is
charged.
> if they use a debit card.
file with the various organizations or entered at payment time.
Ken Blake
Oct 12, 2021, 11:47:13 AM10/12/21
to
other one with higher interest is web-based). Every now now and then I
do a transfer between them. It's always free and it takes one day to
happen. One day may be slow by your standards, but it's fine for my needs.
> We can even send money using a person's mobile number only.
>
>> There seems to be an over reliance on adding complicated excess
>> "solutions" to something that can already be done easily, simply for
>> the sake of using the latest new-fangled "tech" device or service. :-\
>
> Not sure that's the case in the US for all banks.
>
>
>
Ken
Ken Blake
Oct 12, 2021, 11:51:22 AM10/12/21
to
does it though my bank, which either makes an ETF to a large company or
mails a check (mailing at the bank's expense, not mine). I sometimes
make a gift that way and pay several bills that way.
--
Ken
Ken Blake
Oct 12, 2021, 11:55:30 AM10/12/21
to
On 10/12/2021 8:46 AM, AJL wrote:
> Rod Speed wrote:
>
>> Vast numbers pay their bills that way [bank transfer] in the USA
>> and it works fine and doesn’t cost them anything
>
> I pay US income taxes, state income taxes, local property taxes, HOA
> fees, car license plate fees, and my monthly Amex bill, all by direct
> bank transfer. All free. I could use a credit card but if I do a fee is
> charged.
I do the same, for those and several other payments. I use a credit card
> Rod Speed wrote:
>
>> Vast numbers pay their bills that way [bank transfer] in the USA
>> and it works fine and doesn’t cost them anything
>
> I pay US income taxes, state income taxes, local property taxes, HOA
> fees, car license plate fees, and my monthly Amex bill, all by direct
> bank transfer. All free. I could use a credit card but if I do a fee is
> charged.
where there's no charge and EFT from my checking account if there's a
charge for using a credit card.
>> if they use a debit card.
>
> No debit card required for me. My bank account info is either kept on
> file with the various organizations or entered at payment time.
rarely since I hardly ever use cash for anything). I never pay bills
with it.
--
Ken
Ken Blake
Oct 12, 2021, 12:05:46 PM10/12/21
to
AJL
Oct 12, 2021, 12:11:48 PM10/12/21
to
Ken Blake wrote:
> I have a debit card, but I use it only in ATM Machines
Me too.
> I have a debit card, but I use it only in ATM Machines
> (which I do rarely since I hardly ever use cash for anything).
down. But I don't pay cash for anything either. Always the credit card
with cashback rewards.
> I never pay bills with it [debit card].
Me neither. But if there's no penalty I do use the credit card to pay
bills, again
for the cashback reward...
sms
Oct 12, 2021, 12:28:56 PM10/12/21
to
On 10/12/2021 8:55 AM, Ken Blake wrote:
> On 10/12/2021 8:46 AM, AJL wrote:
>> Rod Speed wrote:
>>
>>> Vast numbers pay their bills that way [bank transfer] in the USA
>>> and it works fine and doesn’t cost them anything
>>
>> I pay US income taxes, state income taxes, local property taxes, HOA
>> fees, car license plate fees, and my monthly Amex bill, all by direct
>> bank transfer. All free. I could use a credit card but if I do a fee is
>> charged.
>
> I do the same, for those and several other payments. I use a credit card
> where there's no charge and EFT from my checking account if there's a
> charge for using a credit card.
For some credit cards, the cash rebate exceeds the fees charged for
> On 10/12/2021 8:46 AM, AJL wrote:
>> Rod Speed wrote:
>>
>>> Vast numbers pay their bills that way [bank transfer] in the USA
>>> and it works fine and doesn’t cost them anything
>>
>> I pay US income taxes, state income taxes, local property taxes, HOA
>> fees, car license plate fees, and my monthly Amex bill, all by direct
>> bank transfer. All free. I could use a credit card but if I do a fee is
>> charged.
>
> I do the same, for those and several other payments. I use a credit card
> where there's no charge and EFT from my checking account if there's a
> charge for using a credit card.
credit card payment. For example, the Alliant Credit Union Visa
Signature Card gives 2.5% cash back. It used to have an annual fee but
no more. However you do need to maintain a $1000 balance a checking
account in order to get the 2.5%
<https://www.alliantcreditunion.org/bank/visa-signature-card>.
> I have a debit card, but I use it only in ATM Machines (which I do
> rarely since I hardly ever use cash for anything). I never pay bills
> with it.
carrying a debit card, it's so rare that I use it. There is one
supermarket chain that will only take debit cards or cash, and a few
restaurants and bars that are cash only.
Ken Blake
Oct 12, 2021, 12:35:28 PM10/12/21
to
On 10/12/2021 9:11 AM, AJL wrote:
> Ken Blake wrote:
>
>> I have a debit card, but I use it only in ATM Machines
>
> Me too.
>
>> (which I do rarely since I hardly ever use cash for anything).
>
> I always carry a hundred bucks with me in case the credit card system is
> down.
I also usually carry about that much, just in case, but I rarley need to
> Ken Blake wrote:
>
>> I have a debit card, but I use it only in ATM Machines
>
> Me too.
>
>> (which I do rarely since I hardly ever use cash for anything).
>
> I always carry a hundred bucks with me in case the credit card system is
> down.
replenish it.
> But I don't pay cash for anything either. Always the credit card
> with cashback rewards.
>
>> I never pay bills with it [debit card].
>
> Me neither. But if there's no penalty I do use the credit card to pay
> bills, again
> for the cashback reward...
travel. But my wife is having medical problems, and it seems unlikely
that we will travel any more, so I might soon switch to a using a cash
rewards card.
--
Ken
Ken Blake
Oct 12, 2021, 12:37:43 PM10/12/21
to
establishments I would stay away from.
--
Ken
Rod Speed
Oct 12, 2021, 12:42:18 PM10/12/21
to
Ken Blake <k...@invalidemail.com> wrote
> John McGaw wrote
>> Big Al wrote
But it isn't free if you use a credit or debit card.
> John McGaw wrote
>> Big Al wrote
Chris
Oct 12, 2021, 12:55:05 PM10/12/21
to
a challenge? Yes, I do realise who it is so I guess I should stop
wondering.
Robin Goodfellow
Oct 12, 2021, 1:31:27 PM10/12/21
to
Chris <ithi...@gmail.com> asked
Why do you consistently prove to own the cognitive skills of a small child?
As usual, I solved the initial problem instantly - and with privacy - and
with no cost to the kids - who used my bogus account with their debit cards.
The account used _zero_ identifiable information on my part, for example.
And the $25 money transfer cost the kids nothing on their part, Chris.
... HOWEVER ...
Once I solve a problem, I seek what could be an even better way, Chris.
Hence, I asked the question here so that I could learn from others, Chris.
What you don't own the cognitive skills to comprehend is that I utilize the
Covey principles of always learning by "sharpening the saw", Chris.
Since I only had a single datum, I asked the group at large for their advice
- which many people provided - and for which I am appreciatively edified.
--
There are people, like Chris, who prove to own cognitive skills of children.
They really should not post to Usenet as they can't ever add any value.
> Thanks for the datapoint. If that's the norm, then why is the OP finding it
> a challenge? Yes, I do realise who it is so I guess I should stop
> wondering.
Chris,
> a challenge? Yes, I do realise who it is so I guess I should stop
> wondering.
Why do you consistently prove to own the cognitive skills of a small child?
As usual, I solved the initial problem instantly - and with privacy - and
with no cost to the kids - who used my bogus account with their debit cards.
The account used _zero_ identifiable information on my part, for example.
And the $25 money transfer cost the kids nothing on their part, Chris.
... HOWEVER ...
Once I solve a problem, I seek what could be an even better way, Chris.
Hence, I asked the question here so that I could learn from others, Chris.
What you don't own the cognitive skills to comprehend is that I utilize the
Covey principles of always learning by "sharpening the saw", Chris.
Since I only had a single datum, I asked the group at large for their advice
- which many people provided - and for which I am appreciatively edified.
--
There are people, like Chris, who prove to own cognitive skills of children.
They really should not post to Usenet as they can't ever add any value.
Frank Slootweg
Oct 12, 2021, 2:29:09 PM10/12/21
to
Chris <ithi...@gmail.com> wrote:
> Ken Blake <k...@invalidemail.com> wrote:
[...]
> > Here in the USA, I use two different banks (one is brick-and-mortar, the
> > other one with higher interest is web-based). Every now now and then I
> > do a transfer between them. It's always free and it takes one day to
> > happen. One day may be slow by your standards, but it's fine for my needs.
>
> Thanks for the datapoint. If that's the norm, then why is the OP finding it
> a challenge? Yes, I do realise who it is so I guess I should stop
> wondering.
It apparently said:
"They [college kids] asked me how to send money when they only have
debit cards."
Could it be that these college kids have debit cards, but no bank
accounts associated with those cards?
But indeed, for us it's mind boggling how primitive the US financial/
banking systems are after all these years. Bandaid upon bandaid.
[...]
> Ken Blake <k...@invalidemail.com> wrote:
[...]
> > Here in the USA, I use two different banks (one is brick-and-mortar, the
> > other one with higher interest is web-based). Every now now and then I
> > do a transfer between them. It's always free and it takes one day to
> > happen. One day may be slow by your standards, but it's fine for my needs.
>
> Thanks for the datapoint. If that's the norm, then why is the OP finding it
> a challenge? Yes, I do realise who it is so I guess I should stop
> wondering.
"They [college kids] asked me how to send money when they only have
debit cards."
Could it be that these college kids have debit cards, but no bank
accounts associated with those cards?
But indeed, for us it's mind boggling how primitive the US financial/
banking systems are after all these years. Bandaid upon bandaid.
[...]
nospam
Oct 12, 2021, 2:48:15 PM10/12/21
to
In article <sk4r58...@ID-201911.user.individual.net>, Frank Slootweg
it's possible they bought a prepaid/reloadable debit card, but that
would be very unusual, and might also be blocked due to fraud risks.
<th...@ddress.is.invalid> wrote:
> It apparently said:
>
> "They [college kids] asked me how to send money when they only have
> debit cards."
>
> Could it be that these college kids have debit cards, but no bank
> accounts associated with those cards?
highly unlikely. debit cards are normally linked to bank accounts.
> It apparently said:
>
> "They [college kids] asked me how to send money when they only have
> debit cards."
>
> Could it be that these college kids have debit cards, but no bank
> accounts associated with those cards?
it's possible they bought a prepaid/reloadable debit card, but that
would be very unusual, and might also be blocked due to fraud risks.
The Real Bev
Oct 12, 2021, 3:16:39 PM10/12/21
to
On 10/12/2021 05:32 AM, Wolffan wrote:
> I find Chase to be
> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
The best bank is the closest full-service one.
> I find Chase to be
> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
I like BofA for another reason -- when I needed a significant amount of
cash I went to Out-of-Business-S&L where I had more than the amount I
needed and had been their customer for decades. They said they couldn't
give me that much cash, but here's a cashier's check -- which I took to
BofA (longer customer (damn, since 1961!), but much less in the account
than the check) who smiled and counted out the cash for me.
I went to the closest OoB branch to close the account. They said I had
to go to the city's main branch, which I did. Nobody even asked why I
was so angry about closing out my account. Not surprised they went
belly-up. I can't even remember their name.
--
Cheers, Bev
It doesn't matter who you vote for, the government always gets in.
Ken Blake
Oct 12, 2021, 4:04:10 PM10/12/21
to
On 10/12/2021 12:16 PM, The Real Bev wrote:
> On 10/12/2021 05:32 AM, Wolffan wrote:
>
>> I find Chase to be
>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>
> The best bank is the closest full-service one.
True for some things, but not all. The closest bank to me is a BofA
> On 10/12/2021 05:32 AM, Wolffan wrote:
>
>> I find Chase to be
>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>
> The best bank is the closest full-service one.
branch, and it's the main bank I use, mostly for my checking account.
However the percentage they pay for savings accounts is .01%. So for a
savings account, I use an Internet bank instead, where I get a .5% rate,
which make it a *much* better bank for that purpose.
--
Ken
sms
Oct 12, 2021, 4:09:59 PM10/12/21
to
On 10/12/2021 9:35 AM, Ken Blake wrote:
<snip>
> For me, it's the AA mileage award, which I always used for international
> travel. But my wife is having medical problems, and it seems unlikely
> that we will travel any more, so I might soon switch to a using a cash
> rewards card.
The Visa card I use the most gives 3% cash back, but only on mobile
wallet purchases. If you redeem the rewards for travel, instead of cash,
you get 4.5%. It has a net annual fee of $75 ($400 - $325 dining and
travel credit). It has a bunch of other benefits that more than make up
that other $75, airport lounge access (or $56 credit at some airport
restaurants), Global Entry reimbursement, primary rental car insurance,
in-flight Wi-Fi, but even just the extra 1% cash back pays for that $75.
There is one no-annual fee 3% cash back Visa that gives 3% for all
purchases, not just mobile wallet, but it is complicated to obtain; it's
from a credit union in Alabama. Some people have managed to obtain it,
but I never tried.
<snip>
> For me, it's the AA mileage award, which I always used for international
> travel. But my wife is having medical problems, and it seems unlikely
> that we will travel any more, so I might soon switch to a using a cash
> rewards card.
wallet purchases. If you redeem the rewards for travel, instead of cash,
you get 4.5%. It has a net annual fee of $75 ($400 - $325 dining and
travel credit). It has a bunch of other benefits that more than make up
that other $75, airport lounge access (or $56 credit at some airport
restaurants), Global Entry reimbursement, primary rental car insurance,
in-flight Wi-Fi, but even just the extra 1% cash back pays for that $75.
There is one no-annual fee 3% cash back Visa that gives 3% for all
purchases, not just mobile wallet, but it is complicated to obtain; it's
from a credit union in Alabama. Some people have managed to obtain it,
but I never tried.
nospam
Oct 12, 2021, 4:16:35 PM10/12/21
to
In article <sk4q2m$a74$1...@dont-email.me>, sms
a selfie, among other absurdities.
<scharf...@geemail.com> wrote:
> There is one no-annual fee 3% cash back Visa that gives 3% for all
> purchases, not just mobile wallet, but it is complicated to obtain; it's
> from a credit union in Alabama. Some people have managed to obtain it,
> but I never tried.
it's geofenced so you don't qualify, but for those who do, it requires
> There is one no-annual fee 3% cash back Visa that gives 3% for all
> purchases, not just mobile wallet, but it is complicated to obtain; it's
> from a credit union in Alabama. Some people have managed to obtain it,
> but I never tried.
a selfie, among other absurdities.
Robin Goodfellow
Oct 12, 2021, 4:21:12 PM10/12/21
to
nospam <nos...@nospam.invalid> asked
throwaway email account, creating the account using VPN over a web browser.
I gave that account information to the kid who took care of the rest using
"her" debit card, where I was later informed the $25 payment was received.
Hence I'm confused what Frank's problem is, where in my decades of working
in high-tech startups, I've never met anyone in person as ignorant and
childish as Frank Slootweg always appears to be based on what he writes.
I repeat since it seems to be a bone of contention with people like Frank..
The kid I was working with has a bank associated debit card that 'her'
parents (my own children) give 'her' (notice, unlike with Frank, a person is
a "her", not an "it").
'She' simply needed to send $25 to 'her' friends, which 'she' asked me how.
This is the same college kid who loves iPhones, "she's" not in the least
technical and "she's" only a freshman in college, so "she's" still learning.
I'm "her" technical support (I buy all "her" iPhones & iPads for example).
"She" texted me to ask a simple question - the same one I asked of you here.
*Could "she" transfer money via "her" iPhone to a friend who was on Venmo*?
I have and had no idea if "she" has bank-to-bank transfers previously set
up, nor if the bank charges "her" (everything I do online is always free),
nor if the _other_ kids will/would/should give "her" their bank routing
number and account numbers (nor if _they_ even have them, themselves).
It turned out the other kids had Venmo accounts, so that's the first attempt
I tried which worked on VPN using a throwaway email and a throwaway burner
2nd line, and certainly I used completely bogus "legal name" information.
I then gave "her" (notice Frank, a person is a "her", since I'm not
kindergarten childish like you always prove to be Frank, and even if I felt
like insulting you (which I don't because you're not worth insulting,
Frank), I'd do it more intelligently than you ever possibly could do
yourself, Frank) the venmo login information and left the rest to "her."
"She" texted me back (kids don't seem to talk all that much) from "her"
iPhone that the $25 worked, where "she" used "her" debit card (which, yes,
is tied to a bank) to send the $25 to someone else via their venmo account &
that was that.
Afterward, given I've never done this before, and since I'm always trying to
improve my skills, I asked here after googling for ways to pay someone over
the phone with the barest minimum of privacy information being traded away.
I appreciate purposefully helpful advice that some adults kindly provided.
Of those choices, Venmo, Zelle, SquareCash, PayPal, FacebookMessenger,
WesternUnion, GoogleWallet, ApplyPayCash, CashApp, GooglePay, ApplePay, wire
transfer, gift cards, cash, check and postal money orders came to the fore.
The goal is/was (and always will be) to find the best, easiest, least
expensive, most private way to (in this case) send cash over the iPhone.
I appreciatively thank those who not only owned the adult cognitive skills
to comprehend the scope of the question, but also those few who added value.
--
Ignorant people like Frank SLootweg always prove to own the mind of a child.
If I ever meet people _that_ ignorant in person, I'll think of you, Frank.
>> It apparently said:
>>
>> "They [college kids] asked me how to send money when they only have
>> debit cards."
>>
>> Could it be that these college kids have debit cards, but no bank
>> accounts associated with those cards?
>
> highly unlikely. debit cards are normally linked to bank accounts.
>
> it's possible they bought a prepaid/reloadable debit card, but that
> would be very unusual, and might also be blocked due to fraud risks.
To nospam's point, I gave Venmo a completely bogus "legal name", with a
>>
>> "They [college kids] asked me how to send money when they only have
>> debit cards."
>>
>> Could it be that these college kids have debit cards, but no bank
>> accounts associated with those cards?
>
> highly unlikely. debit cards are normally linked to bank accounts.
>
> it's possible they bought a prepaid/reloadable debit card, but that
> would be very unusual, and might also be blocked due to fraud risks.
throwaway email account, creating the account using VPN over a web browser.
I gave that account information to the kid who took care of the rest using
"her" debit card, where I was later informed the $25 payment was received.
Hence I'm confused what Frank's problem is, where in my decades of working
in high-tech startups, I've never met anyone in person as ignorant and
childish as Frank Slootweg always appears to be based on what he writes.
I repeat since it seems to be a bone of contention with people like Frank..
The kid I was working with has a bank associated debit card that 'her'
parents (my own children) give 'her' (notice, unlike with Frank, a person is
a "her", not an "it").
'She' simply needed to send $25 to 'her' friends, which 'she' asked me how.
This is the same college kid who loves iPhones, "she's" not in the least
technical and "she's" only a freshman in college, so "she's" still learning.
I'm "her" technical support (I buy all "her" iPhones & iPads for example).
"She" texted me to ask a simple question - the same one I asked of you here.
*Could "she" transfer money via "her" iPhone to a friend who was on Venmo*?
I have and had no idea if "she" has bank-to-bank transfers previously set
up, nor if the bank charges "her" (everything I do online is always free),
nor if the _other_ kids will/would/should give "her" their bank routing
number and account numbers (nor if _they_ even have them, themselves).
It turned out the other kids had Venmo accounts, so that's the first attempt
I tried which worked on VPN using a throwaway email and a throwaway burner
2nd line, and certainly I used completely bogus "legal name" information.
I then gave "her" (notice Frank, a person is a "her", since I'm not
kindergarten childish like you always prove to be Frank, and even if I felt
like insulting you (which I don't because you're not worth insulting,
Frank), I'd do it more intelligently than you ever possibly could do
yourself, Frank) the venmo login information and left the rest to "her."
"She" texted me back (kids don't seem to talk all that much) from "her"
iPhone that the $25 worked, where "she" used "her" debit card (which, yes,
is tied to a bank) to send the $25 to someone else via their venmo account &
that was that.
Afterward, given I've never done this before, and since I'm always trying to
improve my skills, I asked here after googling for ways to pay someone over
the phone with the barest minimum of privacy information being traded away.
I appreciate purposefully helpful advice that some adults kindly provided.
Of those choices, Venmo, Zelle, SquareCash, PayPal, FacebookMessenger,
WesternUnion, GoogleWallet, ApplyPayCash, CashApp, GooglePay, ApplePay, wire
transfer, gift cards, cash, check and postal money orders came to the fore.
The goal is/was (and always will be) to find the best, easiest, least
expensive, most private way to (in this case) send cash over the iPhone.
I appreciatively thank those who not only owned the adult cognitive skills
to comprehend the scope of the question, but also those few who added value.
--
Ignorant people like Frank SLootweg always prove to own the mind of a child.
If I ever meet people _that_ ignorant in person, I'll think of you, Frank.
Robin Goodfellow
Oct 12, 2021, 4:37:44 PM10/12/21
to
When you use a burner 2nd line on your phone - how can they trace it back to
your "real" phone number?
This is not a "can they do it" question; it's an "how can they do it"
question (because I'm sure they _can_ do it). I'm curious how they do it.
Case in point...
Recently a college freshman needed to send money to her friends over her
iPhone or PC, where I was texted by her as to how she could transfer money
freely, quickly, and as privately as humanly possible on short notice.
My initial thought was "bitcoin", but the learning curve perhaps would have
been too steep for an inconsequential $25 transaction which needed to be
done that moment (as I've never mined bitcoins myself, nor bought any).
I googled and found _lots_ of choices for anonymous money transfers over the
iPhone or PC from kid to kid separated by states as new college Freshmen,
and, to hone my skills, I asked of this newsgroup for even better ideas.
*College kids needs to send 25 bucks over the phone or the PC*
<https://groups.google.com/g/comp.mobile.android/c/TPPOjX0YCc0>
Since the goal was anonymity (at least from my side of the equation), I
created a Venmo account using completely bogus information, which was:
a. A fake "legal name"
b. A throwaway email address
c. A throwaway 2nd-line phone number
Vemmo texted a security code (twice) to the throwaway 2nd line phone number
1. First, when I created the account on the PC
2. Second, when the kid used that account on her PC or iPhone (I didn't ask)
My question is simply how can they trace that transaction back to me?
A. Certainly they can easily trace the debit card transfer to her
B. But how do they trace 2nd-line phone texts back to the original phone?
Can they? (they probably can)
How? (that's what I'd like to know)
Does anyone have real experience in how they trace a "second line" throwaway
account (where I otherwise used my "real" cellphone) back to the original
cellphone?
Again, this isn't a question of can they (since I'm sure they can).
The question is "how" would they trace it back to me if they wanted to.
--
Note: If I wanted to be super cautious, I'd use a burner phone but this is
not really a threat question so much as "what can they easily do" question.
your "real" phone number?
This is not a "can they do it" question; it's an "how can they do it"
question (because I'm sure they _can_ do it). I'm curious how they do it.
Case in point...
Recently a college freshman needed to send money to her friends over her
iPhone or PC, where I was texted by her as to how she could transfer money
freely, quickly, and as privately as humanly possible on short notice.
My initial thought was "bitcoin", but the learning curve perhaps would have
been too steep for an inconsequential $25 transaction which needed to be
done that moment (as I've never mined bitcoins myself, nor bought any).
I googled and found _lots_ of choices for anonymous money transfers over the
iPhone or PC from kid to kid separated by states as new college Freshmen,
and, to hone my skills, I asked of this newsgroup for even better ideas.
*College kids needs to send 25 bucks over the phone or the PC*
<https://groups.google.com/g/comp.mobile.android/c/TPPOjX0YCc0>
Since the goal was anonymity (at least from my side of the equation), I
created a Venmo account using completely bogus information, which was:
a. A fake "legal name"
b. A throwaway email address
c. A throwaway 2nd-line phone number
Vemmo texted a security code (twice) to the throwaway 2nd line phone number
1. First, when I created the account on the PC
2. Second, when the kid used that account on her PC or iPhone (I didn't ask)
My question is simply how can they trace that transaction back to me?
A. Certainly they can easily trace the debit card transfer to her
B. But how do they trace 2nd-line phone texts back to the original phone?
Can they? (they probably can)
How? (that's what I'd like to know)
Does anyone have real experience in how they trace a "second line" throwaway
account (where I otherwise used my "real" cellphone) back to the original
cellphone?
Again, this isn't a question of can they (since I'm sure they can).
The question is "how" would they trace it back to me if they wanted to.
--
Note: If I wanted to be super cautious, I'd use a burner phone but this is
not really a threat question so much as "what can they easily do" question.
Rod Speed
Oct 12, 2021, 5:31:21 PM10/12/21
to
>> Chris wrote
>>> Your Name <Your...@YourISP.com> wrote
>>>> Big Al wrote
>>> Your Name <Your...@YourISP.com> wrote
but cash because he is paranoid about anyone being
able to track what he spends because he is a drug
dealer. He refuses to use any cards at all, even
gift cards bought with cash. Let alone paypal or
any bank at all.
> Yes, I do realise who it is so I guess I should stop wondering.
Rod Speed
Oct 12, 2021, 5:41:08 PM10/12/21
to
The Real Bev <bashl...@gmail.com> wrote
The best bank is the one that has zero fees and all the services I need
and minimal effort to sign up with and which has the best banking app.
> I like BofA for another reason -- when I needed a significant amount of
> cash I went to Out-of-Business-S&L where I had more than the amount I
> needed and had been their customer for decades. They said they couldn't
> give me that much cash, but here's a cashier's check -- which I took to
> BofA (longer customer (damn, since 1961!), but much less in the account
> than the check) who smiled and counted out the cash for me.
I never need that sort of cash, even for buying a new car or a house.
> I went to the closest OoB branch to close the account. They said I had to
> go to the city's main branch, which I did.
Fuck that.
> Wolffan wrote
>> I find Chase to be less obnoxious than Butthole of America or, God help
>> us, Hell’s Cargo.)
> The best bank is the closest full-service one.
Don’t need closest because I am never actually stupid enough to go there.
>> I find Chase to be less obnoxious than Butthole of America or, God help
>> us, Hell’s Cargo.)
> The best bank is the closest full-service one.
The best bank is the one that has zero fees and all the services I need
and minimal effort to sign up with and which has the best banking app.
> I like BofA for another reason -- when I needed a significant amount of
> cash I went to Out-of-Business-S&L where I had more than the amount I
> needed and had been their customer for decades. They said they couldn't
> give me that much cash, but here's a cashier's check -- which I took to
> BofA (longer customer (damn, since 1961!), but much less in the account
> than the check) who smiled and counted out the cash for me.
> I went to the closest OoB branch to close the account. They said I had to
> go to the city's main branch, which I did.
The Real Bev
Oct 12, 2021, 6:15:44 PM10/12/21
to
On 10/12/2021 01:04 PM, Ken Blake wrote:
> On 10/12/2021 12:16 PM, The Real Bev wrote:
>> On 10/12/2021 05:32 AM, Wolffan wrote:
>>
>>> I find Chase to be
>>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>>
>> The best bank is the closest full-service one.
>
> True for some things, but not all. The closest bank to me is a BofA
> branch, and it's the main bank I use, mostly for my checking account.
Just checking and SS direct deposit. Other cash is in the brokerage
> On 10/12/2021 12:16 PM, The Real Bev wrote:
>> On 10/12/2021 05:32 AM, Wolffan wrote:
>>
>>> I find Chase to be
>>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>>
>> The best bank is the closest full-service one.
>
> True for some things, but not all. The closest bank to me is a BofA
> branch, and it's the main bank I use, mostly for my checking account.
sweep account.
> However the percentage they pay for savings accounts is .01%.
more money in index funds :-( More than that, I wish we'd bought Xerox
when I realized how big an improvement it was over wet-process copying.
> So for a
> savings account, I use an Internet bank instead, where I get a .5% rate,
> which make it a *much* better bank for that purpose.
improved by actually buying a ticket." Same sort of thing.
--
Cheers, Bev
STRESS MANAGEMENT
Picture yourself near a stream.
Birds are singing in the crisp, cool mountain air.
Nothing can bother you here.
No one knows this secret place.
You are in total seclusion from
that place called the world.
The soothing sound of a gentle waterfall
fills the air with a cascade of serenity.
The water is crystal clear.
You can easily make out the face of the person
whose head you're holding under the water.
-- KevinT
The Real Bev
Oct 12, 2021, 6:25:44 PM10/12/21
to
another 1% is credited when you pay. Every once in a while you have to
tell them what you want done with your rebate money -- easiest is a
credit on your bill.
The Citi Costco card gives you 5% on Costco gas, so I try to buy gas
ONLY at Costco. A US Bank card gives 5% on utilities, so that's how I
pay the electricity/water/trash bill -- which was roughly $1K for the
most recent 2-month period (high AC usage). Not worth the trouble to
pay the gas bill with it -- roughly $20-$50/month.
Best Buy gives you 5% on stuff at Best Buy, but you can only spend it at
Best Buy and it sometimes disappears if you haven't accumulated enough.
Fortunately we don't need to buy much BB stuff any more. REALLY sorry
I bought the gas stove there without buying the extra warranty. When I
finally break down and replace the refrigerator I'm going with Costco.
High finance among the underprivileged.
nospam
Oct 12, 2021, 6:34:30 PM10/12/21
to
In article <sk5217$ubc$1...@dont-email.me>, The Real Bev
the balance.
<bashl...@gmail.com> wrote:
> Citi Double Cash pays 2% on everything. 1% is credited when you buy and
> another 1% is credited when you pay. Every once in a while you have to
> tell them what you want done with your rebate money -- easiest is a
> credit on your bill.
a statement credit doesn't count as a payment, so you only get 1% on
> Citi Double Cash pays 2% on everything. 1% is credited when you buy and
> another 1% is credited when you pay. Every once in a while you have to
> tell them what you want done with your rebate money -- easiest is a
> credit on your bill.
the balance.
Chris
Oct 13, 2021, 6:16:37 AM10/13/21
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The Real Bev <bashl...@gmail.com> wrote:
> On 10/12/2021 01:04 PM, Ken Blake wrote:
>> On 10/12/2021 12:16 PM, The Real Bev wrote:
>>> On 10/12/2021 05:32 AM, Wolffan wrote:
>>>
>>>> I find Chase to be
>>>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>>>
>>> The best bank is the closest full-service one.
>>
>> True for some things, but not all. The closest bank to me is a BofA
>> branch, and it's the main bank I use, mostly for my checking account.
>
> Just checking and SS direct deposit. Other cash is in the brokerage
> sweep account.
>
>> However the percentage they pay for savings accounts is .01%.
>
> LOOOOOXURY! Actually it's crap, but who's counting? I wish we'd put
> more money in index funds :-( More than that, I wish we'd bought Xerox
> when I realized how big an improvement it was over wet-process copying.
>
>> So for a
>> savings account, I use an Internet bank instead, where I get a .5% rate,
>> which make it a *much* better bank for that purpose.
>
> Still minimal. "One's chance of winning the lottery is not appreciably
> improved by actually buying a ticket." Same sort of thing.
Yup. Savings rates aren't anywhere near beating inflation at the moment.
>> On 10/12/2021 12:16 PM, The Real Bev wrote:
>>> On 10/12/2021 05:32 AM, Wolffan wrote:
>>>
>>>> I find Chase to be
>>>> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>>>
>>> The best bank is the closest full-service one.
>>
>> True for some things, but not all. The closest bank to me is a BofA
>> branch, and it's the main bank I use, mostly for my checking account.
>
> Just checking and SS direct deposit. Other cash is in the brokerage
> sweep account.
>
>> However the percentage they pay for savings accounts is .01%.
>
> LOOOOOXURY! Actually it's crap, but who's counting? I wish we'd put
> more money in index funds :-( More than that, I wish we'd bought Xerox
> when I realized how big an improvement it was over wet-process copying.
>
>> So for a
>> savings account, I use an Internet bank instead, where I get a .5% rate,
>> which make it a *much* better bank for that purpose.
>
> Still minimal. "One's chance of winning the lottery is not appreciably
> improved by actually buying a ticket." Same sort of thing.
Basically savings are losing money.
Ken Blake
Oct 13, 2021, 12:31:12 PM10/13/21
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If you want to have *some* money in a savings account (many people,
including me, want to), it's best to get the highest rate you can, even
if it's not a great rate and it doesn't beat inflation.
> Basically savings are losing money.
--
Ken
sms
Oct 13, 2021, 1:03:26 PM10/13/21
to
On 10/13/2021 3:16 AM, Chris wrote:
<snip>
> Yup. Savings rates aren't anywhere near beating inflation at the moment.
> Basically savings are losing money.
least up to $50,000 or so.
Ken Blake
Oct 13, 2021, 1:31:10 PM10/13/21
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--
Ken
sms
Oct 13, 2021, 2:12:49 PM10/13/21
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the balance that qualifies for the high interest. It's a lot of effort
because you'd have to open accounts at a lot of different credit unions
and then comply with the requirements to get the high interest, which
includes making a certain number of debit card transactions per month.
See
<https://www.magnifymoney.com/blog/earning-interest/best-high-yield-checking-accounts376922578/#GenisysCreditUnionGeniusChecking>
for a list of some of them, i.e.:
"You can earn 4.07% APY on balances up to $7,500 if you enroll in
eStatements and use your debit card at least 10 times per month for
purchases of at least $5 each."
"To receive the top-line APY, you must post 15 or more non-ATM debit
transactions per month or have an average daily balance of at least
$1,000. Balances up to $3,000 receive 4.25% APY; balances over $3,000 to
$10,000 receive 2.00% APY; balances over $10,000 receive 0.10% APY."
Ken Blake
Oct 13, 2021, 2:30:57 PM10/13/21
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--
Ken
The Real Bev
Oct 13, 2021, 3:07:53 PM10/13/21
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Hrm. By the definition below, every single Kalifornia government, as
well as the federal government, is stupid.
--
Cheers, Bev
"A stupid person is a person who causes losses to another person
or to a group of persons while himself deriving no gain and even
possibly incurring losses." -- C.M.Cipolla
The Real Bev
Oct 13, 2021, 3:10:20 PM10/13/21
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it's stupid.
--
Cheers, Bev
Too many freaks, not enough circuses.
The Real Bev
Oct 13, 2021, 3:17:04 PM10/13/21
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the card in the next 3 months. Also a nuisance.
Worse: dealing with the goddam $250 in debit cards that AT&T geve us
when we signed up for gigabit service. I've still got $12 on one and
$92 on the other but I'm giving up my 2% Citi rebate by using them. If
I transfer them to my Amazon account I lose the 5% that I get with the
Amazon card :-(
Yeah, I pick up pennies too. Bite me!
Chris
Oct 13, 2021, 3:18:33 PM10/13/21
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or it's limited to only the first £1500 or so to get anywhere near 2%.
Alan Browne
Oct 13, 2021, 4:39:21 PM10/13/21
to
On 2021-10-12 08:32, Wolffan wrote:
> I’d use Paypal or Zell. Both free; Paypal requires that you have a PP
> account, linked, as noted above. Zell requires that you know the bank and a
> email address associated with a particular account.
>
> I use different accounts for Zell and Paypal, based on email addresses never
> revealed on usenet and not used for email except to the bank, and in the case
> of the Paypal account, to Paypal. If there’s a security problem I know
> exactly who to talk to. Besides, I typically don’t leave much in the
> accounts attached to Zell or Paypal, usually under $50, as it’s trivial to
> transfer in funds if needed, and this way even if someone does do something
> naughty, the most they can usually get is $50. And if it’s the bank’s
> fault, and it will be, I’ll get the money back, though it might take a
> while. In pre-Zell days someone once got into multiple people’s accounts at
> one bank I use; my account got a fake deposit of $500, followed by a
> withdrawal of $1000 and another of $750, sending that account into overdraft.
> It took three weeks, but I got a new account, all my money back, and all fees
> rescinded. The Feds got a new boy in the gray-bar hotel. In the meantime I
> was able to drive on, using accounts which were not affected. Including
> accounts at that bank. (Chase, for those who must know. I find Chase to be
Best method:
At your bank you associate your e-mail address to your account. The
bank sends that to Interac. If anyone "interac's" you money it is
automatically deposited. No fees for either party. It is near instant
most of the time. I have two different e-mail address associated.
(Businesses pay fees after n many transfers per month).
You can also "blind" interac to someone's e-mail. If they are not
registered, then interac sends the receiving e-mail address a link.
From the link you select your bank. Interac logs you into you bank
account via a special interface. You also need a shared secret between
sender and receiver for this to work.
--
"...there are many humorous things in this world; among them the white
man's notion that he is less savage than the other savages."
-Samuel Clemens
> I’d use Paypal or Zell. Both free; Paypal requires that you have a PP
> account, linked, as noted above. Zell requires that you know the bank and a
> email address associated with a particular account.
>
> I use different accounts for Zell and Paypal, based on email addresses never
> revealed on usenet and not used for email except to the bank, and in the case
> of the Paypal account, to Paypal. If there’s a security problem I know
> exactly who to talk to. Besides, I typically don’t leave much in the
> accounts attached to Zell or Paypal, usually under $50, as it’s trivial to
> transfer in funds if needed, and this way even if someone does do something
> naughty, the most they can usually get is $50. And if it’s the bank’s
> fault, and it will be, I’ll get the money back, though it might take a
> while. In pre-Zell days someone once got into multiple people’s accounts at
> one bank I use; my account got a fake deposit of $500, followed by a
> withdrawal of $1000 and another of $750, sending that account into overdraft.
> It took three weeks, but I got a new account, all my money back, and all fees
> rescinded. The Feds got a new boy in the gray-bar hotel. In the meantime I
> was able to drive on, using accounts which were not affected. Including
> accounts at that bank. (Chase, for those who must know. I find Chase to be
> less obnoxious than Butthole of America or, God help us, Hell’s Cargo.)
>
In Canada Interac is free for private use and quick.
>
Best method:
At your bank you associate your e-mail address to your account. The
bank sends that to Interac. If anyone "interac's" you money it is
automatically deposited. No fees for either party. It is near instant
most of the time. I have two different e-mail address associated.
(Businesses pay fees after n many transfers per month).
You can also "blind" interac to someone's e-mail. If they are not
registered, then interac sends the receiving e-mail address a link.
From the link you select your bank. Interac logs you into you bank
account via a special interface. You also need a shared secret between
sender and receiver for this to work.
--
"...there are many humorous things in this world; among them the white
man's notion that he is less savage than the other savages."
-Samuel Clemens
Rod Speed
Oct 13, 2021, 5:12:47 PM10/13/21
to
And then there is the tax free threshold in other jurisdictions.
Rod Speed
Oct 13, 2021, 5:16:30 PM10/13/21
to
Chris <ithi...@gmail.com> wrote
That's also due to the stupid US system of immense merchant fees
on credit cards which means that some credit unions encourage
people to do lots of card transactions so they get those fees,
by paying them high interest rates on their deposits.
on credit cards which means that some credit unions encourage
people to do lots of card transactions so they get those fees,
by paying them high interest rates on their deposits.
Chris
Oct 14, 2021, 2:44:26 AM10/14/21
to
effort. Unless you've got 6-figure sums.
>
>> Basically savings are losing money.
>
>
> OK, then go ahead and spend all the money you have.
Chris
Oct 14, 2021, 3:36:21 AM10/14/21
to
interest earned is not taxed. For the vast majority that means savings
interest is tax free.
sms
Oct 14, 2021, 1:47:15 PM10/14/21
to
year in interest.
kelown
Oct 17, 2021, 11:08:32 PM10/17/21
to
> What methods do you suggest for college kids who will be sending only small
> amounts of money amongst themselves using their debit cards over phone/PC?
Cash App, Google Pay and Venmo. PayPal is also free but not instant.
PayPal vs. Google Pay vs. Venmo vs. Cash App vs. Apple Pay Cash
https://www.digitaltrends.com/mobile/paypal-vs-google-wallet-vs-venmo-vs-square-cash
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