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CNBC: The Costco Craze: Inside the Warehouse Giant

Discussion in 'Now Playing - TV Show Talk' started by cwerdna, Apr 13, 2012.

  1. avery

    avery New Member

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    May 29, 2006
    New York
    I haven't read through the entire thread yet, so maybe this has already been mentioned... a debit card transaction is the equivalent of cash, as it's "debited" from your checking account more or less immediately.
     
  2. changk

    changk Member

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    Feb 20, 2002
    Corvallis, OR
    It's known as Swipe Fee Reform. Went in to effect last year. Its main purpose was to put a cap on the fees banks could charge for processing debit cards. Retailers said they'd lower prices due to the drop in charges, while banks say they'd lose money. It's in part what brought about the hoopla with Bank of America (and others) trying to introduce charges for things like having a debit card or 'free' checking account, due to the drop in their take of the debit card fees.
     
  3. sieglinde

    sieglinde New Member

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    Aug 11, 2002
    Sebastopol, CA
    Two words - CREDIT UNION. :)
     
  4. Flop

    Flop Member

    405
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    Dec 2, 2005
    Oklahoma
    Even better: USAA (if you are eligible)
     
  5. Frylock

    Frylock Live Long and Tivo!

    6,545
    3
    Feb 13, 2002
    Round Rock, TX
    USAA is a credit union. And everyone is eligible now for a bank acct. You just don't get all of the benefits unless you're military or related.
     
  6. sieglinde

    sieglinde New Member

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    Aug 11, 2002
    Sebastopol, CA
    There is not one in my town though my town has a large base and is full of military retirees. We have the Navy Federal Credit Union which is almost as bad as a bank. I belong to employee credit unions that have expanded to cover the community.
     
  7. Flop

    Flop Member

    405
    0
    Dec 2, 2005
    Oklahoma
    I have never seen a USAA branch. As far as I know, they don't have any. All interaction is done via internet, phone or mail. You think you'd miss the local branch, but I never have. Deposit checks via internet and scanner and money is available instantly, ATM/Debit fees refunded no matter where you use it, no fees for accounts, checks, etc. Plus if you qualify, you can take advantage of their other services: investing, great insurance for car, home, life, etc.
     
  8. cheerdude

    cheerdude Reed & Juliet's CPA

    10,146
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    Feb 27, 2001
    Las Vegas, NV
    They have one branch; at their HQ in San Antonio.
     
  9. sieglinde

    sieglinde New Member

    5,375
    0
    Aug 11, 2002
    Sebastopol, CA
    I don't qualify. They want military only. I am retired Federal Civil Service not military.
     
  10. dthmj

    dthmj Hinky TCF Club

    24,449
    81
    Mar 12, 2002
    Texas
    You don't need to be any sort of military for their checking account.

    I don't think you can get the cool deposit by phone if you are not military (plus other qualifications), but otherwise you can have a regular checking account.
     
  11. sushikitten

    sushikitten 143 down, ??? to go! TCF Club

    29,847
    29
    Jan 27, 2005
    DC-ish Suburbia
    USAA just opened an office here. We've gotten mailings about it but I'm still not entirely sure all that they offer. I think they have advisors there and I think I saw mention of an ATM.
     
  12. cwerdna

    cwerdna Proud Tivolutionary

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    Feb 22, 2001
    SF Bay Area, CA
    It was rerun earlier today and will be again on 11/7.
     
  13. pdhenry

    pdhenry Safety Pin

    17,243
    89
    Feb 27, 2005
    PA
    :up: Thanks.
     
  14. cwerdna

    cwerdna Proud Tivolutionary

    9,821
    9
    Feb 22, 2001
    SF Bay Area, CA
    It's being rerun a bunch of times today.
     

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