patrick.net

mell says

Atm fees

Honestly banks make a shit load on gamblers at casinos. You show up with $1k, lose it and pull out more for $6-8 a pop. Those fees are extreme. Then cash only businesses that then have an ATM in the building that needs a card to get cash out. I see that a lot. Anytime at a big gas station there's always someone at an ATM.

Most younger people are uneducated and don't know you can get cash back at the register for free. And those 60 and older. I still see geezers writing checks slowing up the line. Problem is no one educates about day to day finance. Instead it's a basic economics class macro, micro, supply, demand, etc. Kids should be taught about interest rates, fees, 401k's, stocks, etc. My dad actually got me a stock simulator in the early 90's. I'd play that for hours. Hated my dad, but he did teach me a lot in his ass hole way teaching me things. Constant yelling at me.

Wookie tangent coming: There's stupid little things kids don't know now and I blame lazy parenting now that I see it in my kids friends. It's like parents my age just taught their kids to be respectful of other adults but the kid is a fucking idiot when you watch them from afar or the things they do. Things like pulling out a full blown serving spoon from some mac and cheese and my kids are like where did it go. The kid thought it was his spoon to eat with even though we had some out. The future is scary is all I'll say. No one has basic skills a man needs. I fear for kids being raised in urban areas.

mell says

they also get a lot of data out of this to crunch and sell

This is the entire point. Credit cards are owned by banks. Banks are controlled by the Fed. CBDC's, you get the picture...

mell says

Atm fees and account management fees. Likely they can also sweep a certain percentage of your checking account overnight

CBDC's again. Is a chip more secure than a swipe? Fuck no. What about a tap, even worse! They want you to get used to tapping chips, which will be inserted in your hands.

I had my card skimmed by some JS inserted into a site years ago. Credit union, one or two charges came out for Home Depot. I reported it and was credited back immediately while investigation was conducted. I've had to file other disputes as well, this has always been the standard, but I only use credit unions.

Other advantage, I don't keep much money in banks, don't really trust them...

I use only credit unions now as well.

Plusses:

- they don't close accounts for political reasons like JP Morgan Chase does over and over
- higher rates than banks!

Minuses:

- not as professional
- limited number of physical branches

Patrick says

I use only credit unions now as well.

Plusses:

- they don't close accounts for political reasons like JP Morgan Chase does over and over
- higher rates than banks!

Minuses:

- not as professional
- limited number of physical branches

I disagree on "less professional" part: when I needed to wire transfer a non-trivial sum to an unusual destination I first tried to go through a big bank because they promised 100% online experience and they failed miserably - I had to visit them 3 times, my money were frozen in the account for 3 or 4 days and ultimately they said it couldn't be done. Went to my long time CU and all was done under a 1/2 hour.

Who's less professional here?

PS. Stupid me for not wanting to go in person in the first place.

RWSGFY says

Patrick says

I use only credit unions now as well.

Plusses:

- they don't close accounts for political reasons like JP Morgan Chase does over and over
- higher rates than banks!

Minuses:

- not as professional
- limited number of physical branches

I disagree on "less professional" part: when I needed to wire transfer a non-trivial sum to an unusual destination I first tried to go through a big bank because they promised 100% online experience and they failed miserably - I had to visit them 3 times, my money were frozen in the account for 3 or 4 days and ultimately they said it couldn't be done. Went to my long time CU and all was done under a 1/2 hour.

Who's less professional here?

PS. Stupid me for not wanting to go in person in the first place.

Credit unions will process ACH transactions between individuals. My commercial bank won't do that.