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i didn't read the whole thread. i was just wondering what they count as debit card use? is it purchases you make at a merchant? or is it ALL debit card use, such as using it to pay bills online?
i didn't read the whole thread. i was just wondering what they count as debit card use? is it purchases you make at a merchant? or is it ALL debit card use, such as using it to pay bills online?
My understanding of the monthly fee is that it would apply to a debit card transaction that is done anyplace OTHER than an ATM.
My understanding of the monthly fee is that it would apply to a debit card transaction that is done anyplace OTHER than an ATM.
really? if they start charging me $60 a year for that, i am running for the hills. i dont use my debit card when i make purchases....only to pay bills online. i use cash for everything else. $60 may not be much to some people, but, as a college student & aspiring accountant, it is too much
My understanding of the monthly fee is that it would apply to a debit card transaction that is done anyplace OTHER than an ATM.
At least that's the way it's been reported in published articles.
Quote:
Originally Posted by StAcKhOuSe
really? if they start charging me $60 a year for that, i am running for the hills. i dont use my debit card when i make purchases....only to pay bills online. i use cash for everything else. $60 may not be much to some people, but, as a college student & aspiring accountant, it is too much
I haven't encountered any online transactions where they will take a debit card as a debit card. After all wouldn't you have to give them your PIN? No way! They will take a debit card as a credit transaction, though.
Which doesn't make sense, as far as the monthly fee, because to the merchant, a credit transaction is a credit transaction (as far as their fees are concerned), regardless of whether it was an actual credit card, or a debit card used as a credit card. The legislation that was recently enacted lowers the fees charged to merchants for debit transactions, but not for credit transactions.
i didn't read the whole thread. i was just wondering...
maybe you should go back to the first page or two or even google to get the actual facts (that may or may not impact you) rather than wallow in the late thread morass of "me too's"
maybe you should go back to the first page or two or even google to get the actual facts (that may or may not impact you) rather than wallow in the late thread morass of "me too's"
hth
maybe you should not be such an *****, i dont have time to read 12 pages of comments
thanks ged_782, i overlooked that small detail. i guess i wont be affected, as long as i dont use my card for debit transactions
i didn't read the whole thread. i was just wondering what they count as debit card use? is it purchases you make at a merchant? or is it ALL debit card use, such as using it to pay bills online?
a debit card transaction is any transaction in which you enter your PIN to complete it. if it's used as a credit card (visa, mastercard), it's not debit.
a debit card transaction is any transaction in which you enter your PIN to complete it. if it's used as a credit card (visa, mastercard), it's not debit.
I hate to be redundant so please cut me some slack; using my BOA debit card on the Visa side would be okay? WTF is the real difference as it's not a "real" credit card anyhow because the the money comes right out of your account regardless of using it Visa form or debit. I'm so confused now...
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