|
|
01-24-2015, 10:54 AM
|
#361
|
Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
|
Audrey - I don't think you have to open a Schwab brokerage to get use of Schwab banking. I have both - but I believe you can open schwab bank accounts without the brokerage. They have brick/mortar branches in many cities.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
|
|
|
|
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!
|
01-24-2015, 01:11 PM
|
#362
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by rodi
Audrey - I don't think you have to open a Schwab brokerage to get use of Schwab banking. I have both - but I believe you can open schwab bank accounts without the brokerage. They have brick/mortar branches in many cities.
|
Their internet pages say you can't open an investor high yield checking without a brokerage account.
Quote:
Do I have to open a Schwab One® brokerage account with my High Yield Investor Checking account?
Yes. Schwab Bank High Yield Investor Checking is only available when linked to a Schwab One brokerage account. There are no monthly or low-balance fees for either account.
|
from http://www.schwab.com/public/schwab/...ecking_account under the "Related Questions" tab.
__________________
Retired since summer 1999.
|
|
|
01-24-2015, 02:55 PM
|
#363
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
|
You can get a debit card on a regular brokerage account but I have both the brokerage and the investor checking account. There aren't any sort of minimums and they have free bill pay.
Sent from my iPhone using Early Retirement Forum
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
|
|
|
01-24-2015, 05:01 PM
|
#364
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by Sarah in SC
You can get a debit card on a regular brokerage account but I have both the brokerage and the investor checking account. There aren't any sort of minimums and they have free bill pay.
Sent from my iPhone using Early Retirement Forum
|
Yes. I don't want a debit card directly on any brokerage. So if I ever had a reason to open a Schwab brokerage account, I would definitely get the checking too.
__________________
Retired since summer 1999.
|
|
|
01-24-2015, 09:15 PM
|
#365
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
|
Well 1/25/15 rate on Visa's site is still more than 1% higher than the "official" 1.12 rate if you use Google.
It's showing 1.137586.
|
|
|
01-24-2015, 10:04 PM
|
#366
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by explanade
Well 1/25/15 rate on Visa's site is still more than 1% higher than the "official" 1.12 rate if you use Google.
It's showing 1.137586.
|
That's probably Thursday's rate. It's works something like this: they use the prior day's rate on the posting date for a transaction, and the rate doesn't change over the weekend.
__________________
Retired since summer 1999.
|
|
|
01-25-2015, 08:29 AM
|
#367
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
|
Our chase chip card can be used chipless at many restaurants here in PV MX. Even when they chip is entered they want a signature. Some require you to go to the cashier to enter your PIN. All grocery stores require the PIN and chip.
__________________
For the fun of it...Keith
|
|
|
01-25-2015, 08:58 AM
|
#368
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
|
I just received my Chase Preferred VISA card last week, but I did not get a PIN with it. Did anyone get a PIN with their Chase Preferred VISA card?
|
|
|
01-25-2015, 09:15 AM
|
#369
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
Quote:
Originally Posted by Helen
I just received my Chase Preferred VISA card last week, but I did not get a PIN with it. Did anyone get a PIN with their Chase Preferred VISA card?
|
Helen, I am not a Chase customer, but in my experience the PIN is usually sent to you in a separate mailing, for security purposes. It will probably show up within a week.
|
|
|
01-25-2015, 10:38 AM
|
#370
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
|
Chase doesn't issue chip and PIN cards.
Any PIN they give you now may be for cash advances.
|
|
|
01-25-2015, 11:07 AM
|
#371
|
Full time employment: Posting here.
Join Date: Sep 2012
Location: San Jose
Posts: 607
|
Chase recently replace my old MasterCard with a Chase Sapphire Preferred card, and it's a Chip & Signature, not a Chip & PIN.
As the previous poster replied, any PIN will be for cash advances from an ATM, but it's not a "Chip & PIN" PIN number.
|
|
|
01-25-2015, 02:03 PM
|
#372
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by Helen
I just received my Chase Preferred VISA card last week, but I did not get a PIN with it. Did anyone get a PIN with their Chase Preferred VISA card?
|
For some credit cards you have to call and request a PIN. As the other folks note - that PIN will only be for cash advances.
__________________
Retired since summer 1999.
|
|
|
01-25-2015, 02:12 PM
|
#373
|
Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
|
Quote:
Originally Posted by audreyh1
|
I sit corrected. Thanks Audrey.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
|
|
|
01-25-2015, 09:04 PM
|
#374
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Here is a pretty good summary of ATM/debit cards and foreign use fees including foreign transaction fees. They have a lot of institutions listed, but not all as Fidelity and PenFed are both missing. Still, it gives you a good idea of the common fees when using an ATM card overseas.
Debit Card Foreign Transaction and International ATM Fees - NerdWallet
__________________
Retired since summer 1999.
|
|
|
01-26-2015, 09:39 AM
|
#375
|
Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,660
|
My daughter has been using the PenFed visa for purchases and also cash at ATM's in Switzerland and Italy. No problems and no transaction fees. Interest accrues immediately for cash advances but was only 50 cents for the month as the card gets paid off weekly.
|
|
|
01-26-2015, 10:56 AM
|
#376
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by RetireAge50
My daughter has been using the PenFed visa for purchases and also cash at ATM's in Switzerland and Italy. No problems and no transaction fees. Interest accrues immediately for cash advances but was only 50 cents for the month as the card gets paid off weekly.
|
If you didn't have a balance on the card already, then using it for cash advances and paying off weekly is probably an OK strategy.
But PenFed doesn't reimburse fees from other banks to use their ATMs, so that is a disadvantage.
__________________
Retired since summer 1999.
|
|
|
01-26-2015, 11:41 AM
|
#377
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
|
One thing I just thought of, Audrey, regarding the debit on the brokerage account:
before we got the investor checking, we used the debit on our overseas trips. I, too, was freaked out about that so what I did was buy a money market mutual fund with all the cash in there except for a couple of thousand $ we planned to use on the trip. I then felt a bit safer that even if the card was compromised, I only had to worry about a smaller amount of loss.
I know you said you'd get the checking, but thought it was a FWIW idea to share with others.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
|
|
|
01-26-2015, 11:55 AM
|
#378
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by Sarah in SC
One thing I just thought of, Audrey, regarding the debit on the brokerage account:
before we got the investor checking, we used the debit on our overseas trips. I, too, was freaked out about that so what I did was buy a money market mutual fund with all the cash in there except for a couple of thousand $ we planned to use on the trip. I then felt a bit safer that even if the card was compromised, I only had to worry about a smaller amount of loss.
I know you said you'd get the checking, but thought it was a FWIW idea to share with others.
|
That's true - you can certainly put most of the cash in a separate mutual fund from your brokerage account cash balance.
I keep my spending separate from my brokerage which is another issue in terms of cash management. Being able to have only the funds I want available for ATM or paying credit cards in a separate checking works much better for me, as well as having a limited amount exposed to ATM fraud. I won't be turning on any self overdraft protection. In the event of unauthorized access I'd rather deal with the fees.
__________________
Retired since summer 1999.
|
|
|
01-26-2015, 01:14 PM
|
#379
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by audreyh1
That's probably Thursday's rate. It's works something like this: they use the prior day's rate on the posting date for a transaction, and the rate doesn't change over the weekend.
|
Interesting. I checked today, and they are still showing the 1.137 rate. I'll see what it says tomorrow.
__________________
Retired since summer 1999.
|
|
|
01-26-2015, 01:36 PM
|
#380
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
|
I actually asked them why the difference in the rates and they came back and asked me for the first 6 digits of my card.
I guess they have different deals with different banks.
But Schwab specifically said they use the rates on the Visa site. When I've checked my other ATM cards, I didn't recall this noticeable a spread.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|