[richwig83]

Yeah my bank has a machine you can feed cheques and cash into... it counts the cash... reads the amount on the cheques and puts it in ur account!!!

[turtle777]

Originally Posted by Hippo1 

might try it with your Mac effective today. ;-)

Oh hallelujah !

Good-bye Virtual PC.

-t

[turtle777]

Originally Posted by Railroader 

Haven't you ever sold anything or had someone pay you for something besides work? I have had checks for various reasons delivered to the house recently. Most were related to financial mistakes from companies where they had to issue me a check, or for selling something.

It's all done via direct deposit.
Electronif funds transfer is free to checking accounts all over Europe. Takes 2-3 days to be in your account. Much safer, faster and more efficient than checks.

To my knowledge, checks are dead and non-existent in most countries in Europe. Last check I have seen in Germany was in 1994 or so.

Originally Posted by Railroader 

And when I do go to the bank, I use a teller for the most part. I like talking to them and seeing if there's any new way of investing my money or if they have determined a new way in which the bank can serve me.

Investement advice from the teller person ?

Originally Posted by Railroader 

Plus, ATMs take jobs away from people. I like that people are employed. With all of the money banks save using ATMs, they have not passed a bit of it on to me.

Uhm, yes, they have. Many banks offer free checking accounts. If not for ATMs, I doubt this would be possible.

-t

[Cold Warrior]

Some banks will now let you upload scanned images of checks for deposit into your account.

[turtle777]

Originally Posted by Cold Warrior 

Some banks will now let you upload scanned images of checks for deposit into your account.

LOL, yes, that's exactly what USAA does with Deposit@Home. AFAIK< they were the first bank to implement this. It's been available for Wintel PCs for a year now, and finally they made it available for Macs.

-tg

[ghporter]

I have used direct deposit whenever possible just to keep out of the horrendous lines that form on what appear to be everybody's payday. I do occasionally go to the bank to deposit a check (rebates, gifts, etc.) and I almost always do it during the normal business day. But using online banking totally blows away the "wait in line, wait for the teller to figure out what you want, wait for the teller to make it happen, wait for the teller to give you your receipt" competition.

[Railroader]

Originally Posted by turtle777 

Investement advice from the teller person ?


Uhm, yes, they have. Many banks offer free checking accounts. If not for ATMs, I doubt this would be possible.

-t

I guess I wasn't clear. I go in, see the teller, the manager see me, stops what he is doing to chat with me, invites me into his office and we have coffee. Then he mentions he was thinking about my accounts and ways I could get a little bit more return on my investments. You just keep using that ATM. Good luck with that buddy.

There's no such thing as "free" checking. If you have your money in a "free" checking account you are losing money. Again, good luck with that buddy.

[SpaceMonkey]

Originally Posted by Railroader 

I guess I wasn't clear. I go in, see the teller, the manager see me, stops what he is doing to chat with me, invites me into his office and we have coffee. Then he mentions he was thinking about my accounts and ways I could get a little bit more return on my investments. You just keep using that ATM. Good luck with that buddy.

This just sounds like a way to sit through someone's sales pitch for products that you probably won't want. There aren't that many banking products.

[Cold Warrior]

No kidding. And banks don't even offer that many good investments. Their CD's, savings yields, and in-house funds are usually sub-par compared to what's on the open market.

RR, you're just getting duped.

[Chuckit]

Yeah, I've looked at my bank's savings offerings. They're not particularly neat.

[Angus_D]

Originally Posted by Railroader 

I guess I wasn't clear. I go in, see the teller, the manager see me, stops what he is doing to chat with me, invites me into his office and we have coffee. Then he mentions he was thinking about my accounts and ways I could get a little bit more return on my investments.

Yeah, because he's totally independent and will happily recommend the best products in the marketplace (hint: they're probably not from your bank).

There's no such thing as "free" checking. If you have your money in a "free" checking account you are losing money. Again, good luck with that buddy.

Yeah, that's why you don't leave your excess funds in checking accounts.

[Dakarʒ]

Originally Posted by ghporter 

I have used direct deposit whenever possible just to keep out of the horrendous lines that form on what appear to be everybody's payday.

I do it because I'm a lazy mofo.

[Kevin]

The company I work for changed payday from Thursday to Friday...

*sigh*

And they are switching opposite weeks.

They just did the opposite not 2 years ago.

[Oisín]

Haven't you ever sold anything or had someone pay you for something besides work? I have had checks for various reasons delivered to the house recently. Most were related to financial mistakes from companies where they had to issue me a check, or for selling something.

As turtle said, that’s normally done via a regular bank transfer. You have to pay to cash in a cheque, whereas a domestic bank transfer is free (and the fee for an inter-EU transfer is something like twenty cents or something).

There's no such thing as "free" checking. If you have your money in a "free" checking account you are losing money. Again, good luck with that buddy.

As Angus said, you don’t. You don’t spend or receive money to or from a current account. That’s what savings accounts are for. I don’t have a savings account, because I don’t have enough money to warrant one, which is fine with me. I’m not ‘losing’ money, though, just not making any, either (apart from the annual 3.75 per cent interest).

If I did, though, I’d still see little reason to go to the tellers or bank managers often. I’d have to talk them when opening the account, of course, but unless I were a big fish with several millions in my account, I’d trust the bank’s financial investors to know better than me what to invest in. The way most regular savings accounts here work is that you don’t sit down and choose in which companies or stocks or whatever you wish to invest; your money is simply added to an enormous pool, and the investor centre decides how and what to invest in with it. Works fine for most people, and it doesn’t require any real input from them. Any local manager wouldn’t be able to tell them anything about it, anyways, since the entire investment process is centralised to one particular branch where everyone’s an expert.

(In addition, ATMs don’t cost jobs necessary—or at least they haven’t here: Nordea, my bank, has never had more employees than it does now)

[irunat2am]

Originally Posted by Railroader 

Welcome to the twenty first century. On your island, do you usually just barter and exchange shiny rocks or shells?

Not gunna lie...I giggled like a little schoolgirl.

[andi*pandi]

my bank charges you a service fee if you see the teller more than once a month. The last time I saw a teller was 4 years ago, I needed rolls of quarters and other change for a yard sale. Auto-deposit, drive thru ATM, and sometimes even the pneumatic tube thingy--works for me.

[Dakarʒ]

I've heard of that, though it was for more than 2 or 3 visits. It's utterly ridiculous.

[turtle777]

Originally Posted by Railroader 

There's no such thing as "free" checking. If you have your money in a "free" checking account you are losing money. Again, good luck with that buddy.

Stupid non-sense.

A free checking account is a checking account that does NOT have any restrictions, and does NOT cost any fees.
No direct deposit required, no minimum balance, no minimum activity etc. And still free.

USAA is one of these.

So, how the fark am I losing money with that ?

-t

[turtle777]

Originally Posted by Cold Warrior 

RR, you're just getting duped.

But he's getting a cup of cheap coffee

-t

[turtle777]

Originally Posted by Dakarʒ 

I've heard of that, though it was for more than 2 or 3 visits. It's utterly ridiculous.

Why is this ridiculous ?

Do you really believe that those banks that don't charge you give it to you FREE of charge ?

Guess what, it's factored into other bank charges.

For me (as a customer that doesn't need the teller), I'm, glad to pay extra, because it means if I don't use it, I get a better deal.

-t

[Dakarʒ]

Originally Posted by turtle777 

Why is this ridiculous ?

Because it shows how they're more than willing to take your money and make money of it lending it to businesses, but get all pissy about providing you with actual in-bank service. Unless, of course, banks are somehow barely breaking even with having hired tellers to work during the day.

Originally Posted by turtle777 

For me (as a customer that doesn't need the teller), I'm, glad to pay extra, because it means if I don't use it, I get a better deal.

-t

It's as preposterous as ATM fees.

[turtle777]

Originally Posted by Dakarʒ 

It's as preposterous as ATM fees.

I disagree to compare those two that way.

Yes, ATM fees are preposterous , that's why I bank with USAA (they'll refund you for ATM fees up to a certain amount each month).

ATM fees and teller fees are different, because ATM fees are virtual and don't cause the bank any extra cost. The system and network is in place anyways, there are no extra variable cost. That's not true for the teller, since you have to pay salaries, fringes, rent, utilities etc. Cutting those will cu tthe cost for the bank and make it possible for the bank to pass on the savings to the customer. There is nothing you can save by cutting ATM services.

-t

[Dakarʒ]

Originally Posted by turtle777 

That's not true for the teller, since you have to pay salaries, fringes, rent, utilities etc.

Rent and utilities?

Originally Posted by turtle777 

Cutting those will cu tthe cost for the bank and make it possible for the bank to pass on the savings to the customer.

What trivial thing is a bank going to do to 'pass on' savings?

[olePigeon]

Originally Posted by Railroader 

Some of us have these things called "jobs" where we make money and have to place the in things called "banks" so we are able to feel secure and make money with our money.

I guess if I only had ten bucks to my name I wouldn't trust in to a "strange machine" either.

Welcome to the twenty first century. On your island, do you usually just barter and exchange shiny rocks or shells?

Yeah, but does your bank have a sword? And a secret garden?

[Oisín]

Careful talking about secret gardens—you’ll attract macgook2005!

Edit: That wasn’t actually on purpose. I meant to write macgeek2005. Doesn’t quite deserve deleting, either, though.

[Timo]

Originally Posted by IceEnclosure 

This is Bank of America, and I'm quite pleased with my first deposit sans envelope.

Does your bank do this?

BoA was teriffic for dinging me regarding absolutely anything. Teller. Foreign ATMs. Breathing, apparently.

[Chuckit]

Originally Posted by Timo 

BoA was teriffic for dinging me regarding absolutely anything. Teller. Foreign ATMs. Breathing, apparently.

Really? They've never dinged me except once when I accidentally went negative.

[turtle777]

Originally Posted by Dakarʒ 

Rent and utilities?

Where does your teller work ? In a cardbox ?

-t

[Dakarʒ]

Originally Posted by turtle777 

Where does your teller work ? In a cardbox ?

-t

In the same building they have the safe, safety boxes and loan officers. Outside of running a few computers the tellers aren't adding any cost.

Here, put it up your ass.

[turtle777]

Originally Posted by Dakarʒ 

In the same building they have the safe, safety boxes and loan officers. Outside of running a few computers the tellers aren't adding any cost.

Here, put it up your ass.

Of course it does, idiot. If they cut (theoretically) all the tellers, they can use a buidling half that size. Would that not save rent and utilities ?

Why the fark do you think these are all fixed cost ?

Ah well, whatever.

-t

[Dakarʒ]

Originally Posted by turtle777 

Of course it does, idiot. If they cut (theoretically) all the tellers, they can use a buidling half that size. Would that not save rent and utilities ?

Well sure if they cut ALL the tellers, but outside theory, that ain't happening, so it doesn't matter.

[turtle777]

Originally Posted by Dakarʒ 

Well sure if they cut ALL the tellers, but outside theory, that ain't happening, so it doesn't matter.

Well, yes it does. USAA has no branches, but they are still a full service bank. And guess what - it saves the customers money !

-t

[Dakarʒ]

Originally Posted by turtle777 

Well, yes it does. USAA has no branches, but they are still a full service bank.

If they don't have tellers, how is it full service?

Originally Posted by turtle777 

And guess what - it saves the customers money !

-t

What am I getting charged for that you aren't?

[turtle777]

Originally Posted by Dakarʒ 

If they don't have tellers, how is it full service?

What can you do at a teller that I can't at USAAS w/o a teller.

Waiting to be enlightened.

-t

[Dakarʒ]

Originally Posted by turtle777 

What can you do at a teller that I can't at USAAS w/o a teller.

Waiting to be enlightened.

-t

Deal with a human being?

[turtle777]

Originally Posted by Dakarʒ 

Deal with a human being?

Telephone. Check.

Please try again.


Btw, just to show how USAA stacks up:


What bank beats that ?

-t

[Dakarʒ]

Originally Posted by Dakarʒ 

What am I getting charged for that you aren't?

...

Originally Posted by turtle777 

Waiting to be enlightened.

[turtle777]

Originally Posted by Dakarʒ 

...

What's your bank ?
Does it offer all the free services listed above ?

If yes, then your are not being charged extra. If not, go figure !

-t

[Dakarʒ]

Originally Posted by turtle777 

Telephone. Check.

I'll pass thanks.

Originally Posted by turtle777 

Btw, just to show how USAA stacks up:


What bank beats that ?

-t

It's nice that they're not raping you.

[turtle777]

Originally Posted by Dakarʒ 

It's nice that they're not raping you.

Well, so put the money on the table.

What's your bank. Let's compare.

-t

[Dakarʒ]

Originally Posted by turtle777 

What's your bank ?
Does it offer all the free services listed above ?

If yes, then your are not being charged extra. If not, go figure !

-t

I definitely don't get rewards on debit purchases. Don't know if that amounts to anything substantial per year.

Don't get worldwide ATM, either, but that's practically irrelevant with a Visa debit card.

[turtle777]

Originally Posted by Dakarʒ 

I definitely don't get rewards on debit purchases. Don't know if that amounts to anything substantial per year.

Don't get worldwide ATM, either, but that's practically irrelevant with a Visa debit card.

How about:
* interest on checking account ?
* free checks ?

-t

[Dakarʒ]

Yes.

Free checks or free checking? a) no, b) yes

[zro]

Originally Posted by turtle777 

How about:
* interest on checking account ?
* free checks ?

-t

Do they refund other ATM fees? Just curious, really.

[turtle777]

Originally Posted by zro 

Do they refund other ATM fees? Just curious, really.

Yes, they do.

-t

[Railroader]

Originally Posted by Cold Warrior 

No kidding. And banks don't even offer that many good investments. Their CD's, savings yields, and in-house funds are usually sub-par compared to what's on the open market.

RR, you're just getting duped.

You need to go to a different bank then.

[Railroader]

Originally Posted by turtle777 

Stupid non-sense.

A free checking account is a checking account that does NOT have any restrictions, and does NOT cost any fees.
No direct deposit required, no minimum balance, no minimum activity etc. And still free.

USAA is one of these.

So, how the fark am I losing money with that ?

-t

You really have no idea how you're losing money?!?!

Very telling.

Now go back to work. You probably need the money. I'll just rest and relax here retired at 36 years old.

[Cold Warrior]

Originally Posted by Railroader 

You need to go to a different bank then.

OK smart guy, tell us the sweet deals and rates you get. Make us jealous.

[Railroader]

Originally Posted by Cold Warrior 

OK smart guy, tell us the sweet deals and rates you get. Make us jealous.

Nah. You guys have been jerks. Go back to work.

[voodoo]

I have not used a cheque for at least um.. five years and though I received a cheque in january I hadn't received one for at least six years before that.

Debit cards, Credit Cards, on-line banking and ATMs. Actually going to a bank is so last millennium.



V