www.cnbt.com is about the same. Decent bank, had account before with them, but they might require DD these days.
xpguy
Senior Member - 3K
posted: Jan. 26, 2005 @ 11:33a
xoneinax, www.cnbt.com has the same thing, you still need 10 POS transactions with the check card
mrbean
Senior Member - 2K
posted: Jan. 26, 2005 @ 11:46a
That's what he tried to say.
cityfisher
Member
posted: Jan. 26, 2005 @ 11:47a
It's not a big hassle. My wife and I have a cnbt joint account, so we each have a checkcard. Then when we buy grocery, we pick up some small items and go to the seft-checkout and slide the card twice each one. By this way, we can use the checkcard 4-5 times instantly. Do this twice every month, that is it! And it is useful to carry this card in your wallet all the time, because of the ATM rebate, you can get cash from ATM everywhere without worrying about the fee.
rxchng
Senior Member
posted: Jan. 26, 2005 @ 9:27p
cityfisher said: It's not a big hassle... Then when we buy grocery, we pick up some small items and go to the seft-checkout and slide the card twice each one. By this way, we can use the checkcard 4-5 times instantly. Do this twice every monthNot a big hassle?
TruthTeller
Senior Member - 1K
posted: Jan. 26, 2005 @ 9:32p
rxchng said: Not a big hassle? Search cityfisher's previous posts and you'll begin to understand.
rxchng said: cityfisher said: It's not a big hassle... Then when we buy grocery, we pick up some small items and go to the seft-checkout and slide the card twice each one. By this way, we can use the checkcard 4-5 times instantly. Do this twice every monthNot a big hassle?
you miss out on the 5% rebate you could recieve from several credit cards
pruks said: You can make 10 $1 transactions while getting Gas or use ur check card to get coffee for 10 days a month and thats it
EDIT: I think the hassle is worth the 3.01% APY.
I think the question is whether the hassle is worth an extra .01%. There are at least two places with 3.00% APY. Presidential requires a minimum balance of $1000 and a direct deposit of at least $200 every month. However, you get 50 checks for free. With Emigrant Direct, there's no minimums or any sort of hassle to maintain the account.
Some people don't mind using the debit card 10 times a month, so it will be worth it. Some already meet that requirement, so the extra .01% APY is just an extra bonus.
paypal does not charge transaction fees when you receive funds from a checking or savings account.
however, if you use a debit card that has a visa logo and input it into paypal as a visa card, you will be charged the fees that credit card users are charged.
i receive monthly rent payments of $400+ via paypal w/ no fees.
EugeneV
Ancient Member
posted: Feb. 15, 2005 @ 10:44a
Do PayPal transactions qualify as debit card transactions?
xpguy
Senior Member - 3K
posted: Feb. 15, 2005 @ 11:25a
has anyone successfully opened an account? I tried to open an account online but the Rewards checking (one with 3.01%APY) is too new of a product that it can't be selected as an option. I called 2 branches, they said I have to come in to open an account.
reckner77 said: paypal does not charge transaction fees when you receive funds from a checking or savings account.
however, if you use a debit card that has a visa logo and input it into paypal as a visa card, you will be charged the fees that credit card users are charged.
i receive monthly rent payments of $400+ via paypal w/ no fees.
You are correct, paypal.com does charge fees for debit cards, which i noted above. I guess the paypal route won't work at all. However, if you have the basic account you are not charged fees for checking/savings transfers.
Another work-around would be to make multiple payments, using the debit card, to some account.. like you cable, cell phone, credit card bill, etc.
If you really want to use your PayPal, why not just use your debit card 10 times for 1 penny each?
talonesi
Senior Member
posted: Feb. 15, 2005 @ 9:03p
Presidential Bank recently raised their rate from 2.75% to 3% for under 25K. 1500 min to open 1000 min balance
I believe you also have to have at least one monthly direct deposit.
http://www.presidentialbank.com/
andoelonis
Member
posted: Feb. 16, 2005 @ 5:31a
This is a pretty good deal.
Everyone is forgetting that this is a checking account with both unlimited check-writing privileges and online billpay capabilities. You might as well keep your money here where it is more easily accessible and earn an extra .01% on top of it.
Also, this account does not require a minimum balance a la Presidential or direct deposit a la both Presidential and City National Bank of Taylor. The 10 debit transactions per month aren't really too much of an issue for myself anyway. You can always do 10 small gas transactions.
However, their website really sucks and you must call to set up this particular account.
Cheap
Senior Member
posted: Feb. 20, 2005 @ 10:55p
xpguy said: has anyone successfully opened an account? I tried to open an account online but the Rewards checking (one with 3.01%APY) is too new of a product that it can't be selected as an option. I called 2 branches, they said I have to come in to open an account.
Anyone open an account without going to a branch?
driggers
Nerdy Member
posted: Apr. 22, 2005 @ 3:37p
its up to 3.45% APY now.
i know myself recently (im just 19) pretty much use my CC for all my purchases to build up my credit, but i could easily use an ATM card or something at WalMart.
like someone said spend an extra 5 minutes and go through a self-checkout and do everything individually, well 10 things
and you can use the atm card anywhere and get the fee refunded, which saves a lot of hassle and money!
am i missing something, because this seems to be to good to be true. i was thinking about UFB Direct, but this is better, less hassle and better interest.
can the direct deposit be from paypal, or ING? how do you go about funding the account?
Boiler
Senior Member - 1K
posted: Apr. 22, 2005 @ 5:00p
People behind you are going to be pissed that you do each item one transaction at at time, and you call that no hassle? Go with UFB or Presidential, and you can more than make up the difference by using a Cash Back 5%/1% credit card. I only see 3.01, but even at 3.45, I think it's a big hassle.
U4iA
Member
posted: Apr. 22, 2005 @ 5:07p
driggers said: its up to 3.45% APY now. i was thinking about UFB Direct, but this is better, less hassle and better interest.
it may be less hassle, but UFB has 3.30% APY which is much better than 3.01...
driggers
Nerdy Member
posted: Apr. 22, 2005 @ 5:24p
wups, i followed a link from another thread.
here is the bank i was talking about. http://www.cnbt.com/products_peraccounts.htm
ehh i goto WalMart late at night when no one is in line plus unlimited atm refunds, you dont have to worry about transferring funds from savings to checking.
ccrzhh
Senior Member - 1K
posted: Apr. 22, 2005 @ 6:18p
rxchng said: xpguy said: ...seems like such a hassleIt doesn't seem like a hassle. IT IS A BIG HASSLE. Thanks OP but I'll pass. (+)
P.S. FW owners now recommend to mark this way the posts you like
ccrzhh
Senior Member - 1K
posted: Apr. 22, 2005 @ 6:21p
cityfisher said: It's not a big hassle. My wife and I have a cnbt joint account, so we each have a checkcard. Then when we buy grocery, we pick up some small items and go to the seft-checkout and slide the card twice each one. By this way, we can use the checkcard 4-5 times instantly. I imagine on camera it looks like shoplifting
Added: And do you think the security guys will understand and believe you?
wholedeal
Member
posted: May. 5, 2005 @ 8:28p
driggers said: its up to 3.45% APY now.
Where to find this rate? Any link?
rebatefan
Member
posted: May. 6, 2005 @ 10:46p
wholedeal said: driggers said: its up to 3.45% APY now.
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