lhendricks92 said:stfs said:Other thing that still bothers me is the requirement of 'point of sale' debit card transactions. This is phrased differently from other reward checking accounts which only states 'debit card transactions'. According to a CSR that I talked to, online purchases would qualify but I'm sending an e-mail asking the question again since I would feel more comfortable having it in writing.

Yeah, this bugs me, too. Please post the response you receive from the bank.

The FAQ mentions something about using the debit card at an ATM and whether this counts. (It doesn't, of course.) Perhaps they're using the term "Point of Sale" to distinguish between a purchase and an ATM withdrawal. My guess is they wouldn't care if you bought something online versus something in person - the merchant fees are similar, correct?
I'll post the response as soon as I receive it. Just got the automatic acknowledgement of e-mail for now. Maybe this 'point of sale' is to eliminate small bill payments or donations tricks since I noticed that AAFCU does differentiate between bill payment and purchase but accept both. Come to think of it how would the bank know whether the purchase is online or over the counter?

NM

SD123 said:glxpass said:Sounds like they're looking for excuses for not opening accounts. Since I've opened several deposit accounts recently, I expect I'll get the same message. Out of curiosity, for those who received this message, how did you get it? Phone call? E-mail? Letter? Thanks.

I got the same email.
How does it matter how many inquires are made if there is no bounced checks?
Of course most FWer have many accounts.

stfs said:
I'll post the response as soon as I receive it. Just got the automatic acknowledgement of e-mail for now. Maybe this 'point of sale' is to eliminate small bill payments or donations tricks since I noticed that AAFCU does differentiate between bill payment and purchase but accept both. Come to think of it how would the bank know whether the purchase is online or over the counter?

The transaction code is different. A POS sale would have a code that indicates that the card was physically present. Not so for online transactions.

Something like this:
http://www.hudsonltd2.com/kb1/article.php?id=200

sensia said: and name of a contact person in case of emergency.
Rough bank? Never seen that asked before

LiquidSilver said:CSR Charlie also said I was in today. DL#, emergency contact, and employment info asked for.

Same here. The CSR also said the 6.06% APY would be there for a while.

Chex Systems Phone # is 800-428-9623.

2stepsbehind said:I got the call a little while ago so it looks like I'm in. I'm surprised that I didn't get booted from chexsystems as well with all the accounts I've opened curtesy of fatwallet.

Same here, I spoke with Barbara yesterday, so unless the chronology is off, looks like all my other FW-inspired accounts have not caused a stir

According to the CSR who called me, yes. notarization is required on your drivers license, your spouse's drivers license and the utility bill.

Naturally, I forgot to ask Brenda about the POS business. I called back and she confirmed that on-line transactions with the debit card count towards the requirement. Ironically, they said "Point of Sale" because they didn't want people thinking that ATM transactions counted. IMO, there were better (and more accurate) ways of stating that!

And I updated the Quick Summary, removing any doubt that the copy of the utility bill and drivers license must be notarized. I also noted, based on a previous conversation with Brenda, that if you're opening a joint account, you can copy both drivers licenses onto a single sheet of paper, and have that notarized.