atm fees refunds

[streeteats 30]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

[The Gunslinger 3]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

How much are their charges for more everyday banking transactions? You will be paying for this on something else.

[ttk 236]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

I checked the schwab site and didn't even see anything out of the ordinary for criteria. It is a checking account so interest is low.

 

With High Yield Investor Checking, you get:

0.25% variable APY on every dollar in your account—regardless of your balance.

No minimum requirement

No monthly service charges.

Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card (also referred to as a "Check Card" or "Visa Check Card"), wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account

 

 

Thanks for the useful post.

[MM 6,562]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

 

Old news, but it's nice you posted it.

 

I've been with Schwab for decades, and they never charge ATM fees, and they reimburse you if you are charged.

 

Of course, having 100M in their accounts ought to count for something.

[short 215]

Old news, but it's nice you posted it.

 

I've been with Schwab for decades, and they never charge ATM fees, and they reimburse you if you are charged.

 

Of course, having 100M in their accounts ought to count for something.

 

Martin, do they give good exchange rates? What about exchange fees or cuts?

[Guest Belem]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

 

Fidelity Investments, too.

[ttk 236]

I just checked the cost for my ATM cash from my US bank account at the ATM accros the street from RG.

Date Dollars Baht Rate

14-Apr $689.26 20000 $29.02

TC are now 30.xx for 100's with a 30 baht fee?

I figure on about 5 withdrawels so I would save 750 baht ($35) enough for 5 beers +tip at flb.

Edited April 16, 2011 by ttk

[UgotMyStD 1]

I just checked the cost for my ATM cash from my US bank account at the ATM accros the street from RG.

Date Dollars Baht Rate

14-Apr $689.26 20000 $29.02

TC are now 30.xx for 100's with a 30 baht fee?

I figure on about 5 withdrawels so I would save 750 baht ($35) enough for 5 beers +tip at flb.

 

 

You shudda took more money out on the 11th

[Gary 4,119]

I use Citibank US for my bank accounts. Foreign ATM withdraws used to be free. Then they started to charge 1 percent for a currency exchange fee. That fee is now 3 percent and since the last increase, I have not used the card at all. That fee is in addition to the 150 baht Thai charge.

 

I make a wire transfer to my Siam Commercial bank once or twice a year. That fee used to be a flat $35 regardless of the amount transferred. Now they have managed to add another $15 for the intermediary bank handling the transfer. Guess who that bank is? YES, Citibank.

[bastax33 28]

Most online banks I've researched in the USA refund ATM fees but usually have a limit. I know that Capital One and HSBC online accounts have an ATM fee refund limit of about $10 a month. The nice thing about Capital One is that they do not charge any additional foreign transaction fees but most other online accounts do. Capital One's online checking account also pays 1% interest right now also.

[bastax33 28]

I just checked the cost for my ATM cash from my US bank account at the ATM accros the street from RG.

Date Dollars Baht Rate

14-Apr $689.26 20000 $29.02

TC are now 30.xx for 100's with a 30 baht fee?

I figure on about 5 withdrawels so I would save 750 baht ($35) enough for 5 beers +tip at flb.

 

There's a 33 bhat per TC fee also. If you were to cash in five $100 USD checks it would cost you 165 Baht. Plus some institutions will charge you to purchase the TC's originally. If you can purchase $500 denominated TC's at no additional cost TC's would be a better way to go in LOS, otherwise the charges come out about the same as using an ATM

[Samsonite 181]

After Sandy Weill took control of Citibank (he has since retired) it became, and still is, one of the most predatory banks in the business.

He is also partly responsible for the repeal of the Glass–Steagall Act which, in turn, is partly responible for the current financial mess.

 

"The repeal enabled commercial lenders such as Citigroup, which was in 1999 the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities.[17] Elizabeth Warren,[18] author and one of the five outside experts who constitute the Congressional Oversight Panel of the Troubled Asset Relief Program, has said that the repeal of this act contributed to the Global financial crisis of 2008–2009.[19] [20] Others have debated what role the repeal may have played in the financial crisis. [21] [22] [23] [24][25]

 

The year before the repeal, sub-prime loans were just five percent of all mortgage lending.[citation needed] By the time the credit crisis peaked in 2008, they were approaching 30 percent.[citation needed] This correlation is not necessarily an indication of causation however, as there are several other significant events that have impacted the sub-prime market during that time. These include the adoption of mark-to-market accounting, implementation of the Basel Accords and the rise of adjustable rate mortgages.[26]"

 

http://en.wikipedia.org/wiki/Glass–Steagall_Act

Edited April 16, 2011 by Samsonite

[streeteats 30]

How much are their charges for more everyday banking transactions? You will be paying for this on something else.

I dont beleive you well. Reason being, there an on line only bank there by their op. costs are much less. Also, instead of investing in their own atm's, they found it cheaper to allow you to use someone elses and they pu the fees. I would suggest you go to their web site to get the specifics. Im just sharing the article and what I happen to know about on line banks in general.

[streeteats 30]

I checked the schwab site and didn't even see anything out of the ordinary for criteria. It is a checking account so interest is low.

 

With High Yield Investor Checking, you get:

0.25% variable APY on every dollar in your account—regardless of your balance.

No minimum requirement

No monthly service charges.

Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card (also referred to as a "Check Card" or "Visa Check Card"), wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account

 

 

Thanks for the useful post.

From reading the article I got the impression that to get that unlimeted atm refund you would hafto be set up with automatic deposit but if you went to their site you got it from the horses mouth.

[streeteats 30]

I checked the schwab site and didn't even see anything out of the ordinary for criteria. It is a checking account so interest is low.

 

With High Yield Investor Checking, you get:

0.25% variable APY on every dollar in your account—regardless of your balance.

No minimum requirement

No monthly service charges.

Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card (also referred to as a "Check Card" or "Visa Check Card"), wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account

 

 

Thanks for the useful post.

From reading the article I got the impression that to get that unlimeted atm refund you would hafto be set up with automatic deposit but if you went to their site you got it from the horses mouth.

[jacko 8,822]

There's a 33 bhat per TC fee also. If you were to cash in five $100 USD checks it would cost you 165 Baht. Plus some institutions will charge you to purchase the TC's originally. If you can purchase $500 denominated TC's at no additional cost TC's would be a better way to go in LOS, otherwise the charges come out about the same as using an ATM

The rate is always better for TCs than cash.... but I have noticed that the differnce seems to be a lot less now.

So is the damned rate too...

[Venizya 0]

Few people pay bank fees, like ATM fees, willingly. An increasing number of lawsuits have been initiated nationwide depending on an obscure law regarding ATM fee disclosure. Here is the proof: Hundreds of banks slapped with lawsuits for ATM fees

[JONPAT 222]

According to The Wall Street Journal, June 10th, 2011 Money Section article " Online Banks Cut the Costs" if you sign up with Charles Schwab or State Farm on line banking, you can get all you atm fees refunded including fees from foreign banks if you meet some seemingly resonable critera. It seems like an all around good deal to begin with judging by the content of the article.

 

June 10, 2011 ???

[JONPAT 222]

There's a 33 bhat per TC fee also. If you were to cash in five $100 USD checks it would cost you 165 Baht. Plus some institutions will charge you to purchase the TC's originally. If you can purchase $500 denominated TC's at no additional cost TC's would be a better way to go in LOS, otherwise the charges come out about the same as using an ATM

I haven't been able to find the five hundred dollar travellers checks for three years now. I tried AAA and 3 different Credit Unions.

[bastax33 28]

I haven't been able to find the five hundred dollar travellers checks for three years now. I tried AAA and 3 different Credit Unions.

 

I'm unable to purchase them either, awhile ago at B of A, their website said it was possible to order the $500 travelers checks but when I went into a branch they said they couldn't do it and had only the $100 in stock.

[exwannabe 1]

I'm unable to purchase them either, awhile ago at B of A, their website said it was possible to order the $500 travelers checks but when I went into a branch they said they couldn't do it and had only the $100 in stock.

 

I have seen the exact same. I think I will take a few looks to see if I can have these "ordered" at BA, or try an AMEX office (both are free for me).

 

BTW, to the poster who claimed different rates for TC vs. ATM (or at least that is what I though he said), they both go at the interbank exchange rate. So it is only the fees that count (along with wrist cramp from having to sign those $100 TCs at the bank).

[streeteats 30]

June 10, 2011 ???

March 10th, I stand corrected