Category Archives: Debit Card
- Is Suze Orman’s Prepaid Debit Card Right For You?
The latest “big news” to hit the personal finance blogosphere is the release of Suze Orman’s Approved prepaid debit card. Suze Orman is one of the most well-known personal finance gurus out there, dispensing no-nonsense advice to millions. She has already been connected with products related to credit scoring, such as her FICO kit, and [...]
- Suze Orman Approved Prepaid MasterCard – Debit Card
Suze Orman is launching her own prepaid debit card in cooperation with MasterCard. The debit card operates like every other pre-paid debit card. You deposit money on the card and use it for transactions as you would a debit or credit card. The only real issue here is the card will not help boost or [...]
- Is Bank Of America Taking Advantage Of The Unemployed With Debit Card Fees?
The state of South Carolina and Bank of America have teamed up together to administer unemployment benefits to South Carolina residents. Unemployment benefits used to come in the form of a check but are now being issued in the form of a Bank of America prepaid debit card. Bank of America claims that it’s good [...]
- Bank Of America Backs Off $5 Debit Card Fees After Anti-Fee Petition Skyrockets
Just one month ago I wrote about the implementation of debit card fees coming into play for big banks such as Chase, Wells Fargo and most notably Bank of America. Due to the change in a new government regulation that caps what banks can charge merchants for debit transactions they announced plans to implement a [...]
- Bank of America To Charge Monthly $5 Fee For Using Debit Cards
I’m not sure if I’ve mentioned this before but I, Amanda Miller, am a Bank of America customer. Although, not a thrilled and loyal customer, I’m a customer nevertheless. In fact, this bank has done some things over the years I’m not very happy about but I continue to bank with them because I love [...]
- Financial Literacy For Kids: How To Really Teach Kids How To Manage Money
When I was 8 years old my dad took me into Citibank to open my very first savings account. He said it would teach me the value of a dollar and the importance of saving. I don’t remember how much I started my account with and if I deposited on a regular basis but I [...]
- Sizzler Cleans Out Paralegal Bank Account. Jesus Can’t Help. The Problem With Debt Cards.
For years people continue to try and convince me that debit cards are better than credit cards. Those arguments just won’t fly because there is no getting around the basic fundamental problem of debt cards, they are a direct link into your bank account. Time and time again I’ve heard or read stories of people [...]
- Lobbyists Battle Debit Card Charges
ProPublica Controversy over the Fed’s proposed debit card regulations has largely focused on the proposed cap on interchange fees-the fees banks receive from merchants for processing debit transactions. That provision has sparked an all-out lobbying war between merchants who think interchange fees are too high and banks who accuse the government of attempting to fix prices. [...]
- Bank Groups Try to Scare Consumers Using Twitter
by Marian Wang, ProPublica It’s April 21, and another Dodd-Frank deadline has come and gone. Today was the day the Fed’s regulations on debit card transaction fees, also known as interchange fees, were supposed to be finalized. Hasn’t happened. Controversy over the regulations caused the Fed to postpone finalizing the rules. But that win alone [...]
- Behind the Battle Over Hidden Debit Card Fees
by Marian Wang, ProPublica A provision within the financial reform bill that would regulate debit card transaction fees could be postponed by a year or two following fierce objections from banks. Specifically, banks large and small are objecting to a Fed proposal to limit what are known as interchange fees — the fees they collect [...]
- Use a Debit Card from Chase Bank? Prepare to Have it Declined.
Chase Bank is talking about significantly reining in debt card transaction limits to $50 or $100. The reason, so the can make more money. Recent legislation capped the amount the bank can charge retailers per transaction for using a debit card. Currently it is 44 cents per debit card transaction but soon it will be [...]
- Dash Dolls, Kardashian Sisters, Sued Over Pulling Out
The Dash Dolls, AKA Kim Kardashian, Khloe Kardashian-Odom, Kourtney Kardashian, and represented by mother Kris Kardashian (aka Kris Jenner), recently pulled out of there deal to market a MasterCard prepaid debit card under their name. The company they had an agreement with on this card is none too happy and has sued the sisters and [...]
- The Digital Credit Card. Cool Stuff Coming For Your Wallet.
When it comes to credit cards not much has changed since the introduction of the plastic credit card back in the 1960s. Okay, they added a magnetic stripe on the card, big deal. Oh yes, there was that wave and go credit card that seems to have never really caught on. But here is a [...]
- Banks Target MVBs, Most Vulnerable Bankers, to Keep Overdraft “Protection” Before Regulation E Comes Into Effect
Overdraft “protection” as we know it in America will make a positive change August 15, 2010. Considering to protect something means to cover or shield from exposure, injury, damage, or destruction, overdraft “protection” is anything but that. I view it as one of those “convince” fees. Let’s just call it what it is: a service [...]
- Credit Card or Debit Card: The Great Debate
Having trouble getting approved for a credit card? Do you have bad credit? Maybe a debit card is the answer. Today, more and more banks and financial institutions are rushing to issue their customers debit cards. In fact, many of these companies routinely issue “enhanced” ATM cards that can also be used as debit cards [...]