Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
A little too much 'security' at DCU...
Old 03-16-2006, 09:50 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
A little too much 'security' at DCU...

After being a Digital Credit Union member since they opened their doors more than 20 years ago, I'm moving on. I opened an 'advantage' account with vanguard yesterday. Funny, when I joined DCU as a Digital Equipment Corp employee back in the early 80's, I didnt think the bank would last long. Lasted a lot longer than the company that spawned it...

Last year they decided that people who had their site open in a browser would periodically get a pop up telling them that their session was being ended, even if they were just sitting at the home page, not logged in. Invariably this popped up when I was in the middle of looking at something or typing something. I ended up having to drop them from my standard firefox tabs as it just became an annoying pain in the butt. Which led to not remembering to check my bank account regularly for any 'funny business'.

Yesterday they decided that all PIN's have to be a mix of six letters and numbers and force changed every six months. Apparently their security guy hasnt seen any of the bazillion studies I saw as an IT manager that note that forcing 'strong passwords' and password changes on the rank and file results in either the user picking an easily remembered/discovered word and rotating a single digit number in it, or writing the password down and taping it to their monitor or putting it under their keyboard. In other words, no real security benefit. And then you have the issue of users forgetting their new passwords at a regular rate, account lockouts and password resets combined with the worldwide support response time malaise.

I hate forced password/security stuff. The "P" in PIN is supposed to mean "personal"... :P

Now I just need to get vanguard to start offering HELOCs...
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: A little too much 'security' at DCU...
Old 03-16-2006, 01:41 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: A little too much 'security' at DCU...

Vanguard Advantage - is this just a basic set of banking functions - credit card, checkwriting, overdraft protection, online bill-pay, and high interest rate deposit account (VG mm account)? Anything special I'm missing out on?

__________________

__________________
justin is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 03:24 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

Nope, you pretty much have it. What a bank provides except for mortgages, loans and whatnot.

No charges/fees for flagship members, very limited charges for voyager members (I think), not sure if people with under a quarter mil with vanguard can get it.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 03:39 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: A little too much 'security' at DCU...

I'm in the "under quarter million at vanguard" group for now. Do you (or anyone else) have any experience with the basic free checkwriting at vanguard on your investment accounts? I think there is a $100 minimum per check. Is it just like a regular check from a regular bank in all other respects? Are they honored like regular checks?
__________________
justin is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:02 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: A little too much 'security' at DCU...

Cute & Fuzzy- check out 1st Tec.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:20 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

1st tec what?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:28 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: A little too much 'security' at DCU...

Credit Union. It has it's roots at Tektronix, is affiliated with a large number of employers including Microsoft and NIKE.

http://www.firsttechcu.com/default.aspx


__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:30 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

Eh, if I'm going to change banks for the first time in 20-something years I'm just going to further consolidate myself with the rest of my money. The arent going to charge me anything for anything, and all I need is a checking account to write about 2 checks a month against and a rudimentary bill paying service. Looks like vanguard has that. I'll file a full report as to the ups and downs of it as I go.

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:32 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: A little too much 'security' at DCU...

Quote:
Originally Posted by Cute 'n Fuzzy Bunny
Eh, if I'm going to change banks for the first time in 20-something years I'm just going to further consolidate myself with the rest of my money.* The arent going to charge me anything for anything, and all I need is a checking account to write about 2 checks a month against and a rudimentary bill paying service.* Looks like vanguard has that.* I'll file a full report as to the ups and downs of it as I go.

I have something similar with Schwab and it is very convenient to have everything in one place.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-16-2006, 04:49 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

I need to ask directly as there is no mention of it, but I think I hit the first snag. It appears that they dont take deposits in any way except for direct deposit and EFT's from bank accounts.

Not sure how I'd handle the half dozen little rebate checks and other flotsam I end up depositing at the bank every month

Crap. :P
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-17-2006, 12:44 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,152
Re: A little too much 'security' at DCU...

CFB,

Just deposit the flotsam via snail mail into your Vanguard money market using the deposit slips they send you (and the free mail envelopes). That is what I do. I have deposited every piece of flotsam there for years by mail including rebate checks, etc.

So is your Vanguard advantage account totally separate from your brokerage account? And then you can transfer money between them?

Kramer
__________________
kramer is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-17-2006, 11:10 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: A little too much 'security' at DCU...

Quote:
Originally Posted by justin
I'm in the "under quarter million at vanguard" group for now. Do you (or anyone else) have any experience with the basic free checkwriting at vanguard on your investment accounts? I think there is a $100 minimum per check. Is it just like a regular check from a regular bank in all other respects? Are they honored like regular checks?
I just reviewed the vanguardadvantage and unless you are a flagship member ($1000k+) they have fees, $30/annually, $5/month billpay, $10 checks. I get all that for free at Bank of Internet that I linked to a number of my accounts.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-17-2006, 12:04 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

Quote:
Originally Posted by kramer
CFB,

Just deposit the flotsam via snail mail into your Vanguard money market using the deposit slips they send you (and the free mail envelopes). That is what I do. I have deposited every piece of flotsam there for years by mail including rebate checks, etc.

So is your Vanguard advantage account totally separate from your brokerage account? And then you can transfer money between them?

Kramer
Ahhh...didnt know I could do that. That solves the problem completely then.

yes, the advantage account is a separate account from the brokerage acct, it uses your main money market acct and you can transfer funds back and forth just like any other vanguard acct. At least thats what they tell me.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: A little too much 'security' at DCU...
Old 03-17-2006, 12:43 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: A little too much 'security' at DCU...

Yep, my flagship rep confirms that checks that are payable to an investor who then signs them over to vanguard and mails them in for deposit will "generally be accepted".

Since they're doing this with a linked money market account, and they claim unlimited no minimum amount check writing, atm card and electronic bill payment...I wonder how they overcome the limit on money market withdrawals in a month...let them 'ride' and apply them once or twice a month? Once a week?

Should be interesting to find out.

I'm slowly getting a lot happier about having one place to check transactions and look at my total financial picture.

I'll probably keep the DCU account for now to maintain the "free" HELOC.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Former Military Social Security credits - interesting Fireup2020 FIRE and Money 1 04-10-2007 10:24 PM
New Port Security (warning political) lets-retire Other topics 4 01-14-2007 09:30 AM
Maximizing Social Security Benefits eyenitnoy FIRE and Money 20 06-18-2006 09:29 PM
When do Social Security payments start? Retiredtwice Other topics 3 11-18-2005 11:29 AM
Social Security will last longer ...maybe mickeyd FIRE and Money 7 06-28-2004 07:55 AM

 

 
All times are GMT -6. The time now is 12:06 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.