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06-23-2012, 03:52 PM
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#41
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Thinks s/he gets paid by the post
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 4,621
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The last thing that any of us need to do is to fall in love with a bank. I have been banking @ USAA for about 25 years with wonderful service, ATM rebates and no complaints, but if they were to begin the fee game, I would split in a heart beat.
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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06-23-2012, 06:15 PM
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#42
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
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 Quote:
Originally Posted by mickeyd
I have been banking @ USAA for about 25 years with wonderful service, ATM rebates and no complaints, but if they were to begin the fee game, I would split in a heart beat.
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There's been a lot of agonizing over that. Every time a member wants a good service (like business checking for military spouses), USAA has to calculate the compliance & auditing costs. And then they say "No, can't do it."
They've already cut some of their rewards programs. I think they'd continue cutting rewards programs before they'd start implementing fees.
Meanwhile MMM was getting $100 referral fees for people trying out cards on his site that were offering $400 rewards or zero-fee balance transfers or other gimmicks. I'd have to conclude that the majority of the card company revenue is coming from interest charges & late fees. Not exactly the demographic of USAA's customers.
I'm lookin' forward to gettin' me one o' them there USAA 40-year stickers... in 2021. I hope they hold up their end of the deal.
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
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06-24-2012, 06:04 AM
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#43
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
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Quote:
Originally Posted by Nords
I'm lookin' forward to gettin' me one o' them there USAA 40-year stickers... in 2021. I hope they hold up their end of the deal.
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I look forward to getting the extra bonus when I reach that magic moment in a few years. 
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06-24-2012, 09:58 AM
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#44
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
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You mean the part where they give our own money back to us as a sort of special longevity privilege? After holding on to it for 40 years "just in case they need it"?
It reminds me of the military, where all of your God-given rights are taken away from you and handed back one at a time as "privileges"...
__________________
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
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06-24-2012, 03:41 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 4,621
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It's indeed a sweet ride when USAA gives you back money that you gave them 40+ years ago and you can give it back to them to pay off several months of auto/ho insurance premium every year.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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06-29-2012, 08:04 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,053
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Quote:
Originally Posted by mickeyd
It's indeed a sweet ride when USAA gives you back money that you gave them 40+ years ago and you can give it back to them to pay off several months of auto/ho insurance premium every year.
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I didn't know about the 40 year provision - hmmm, not too many to go now.....
On topic - love credit unions -have banked with many of them through the years - also like USAA FSB - don't like PenFed -see previous rants/links. Will not pay anyone to hold my money or allow me access to it and will move my money to show dis-satisfaction with that type of behavior.
__________________
Deserat aka Bridget
“We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm.” - George Orwell/Winston Churchill
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06-29-2012, 10:51 PM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 5,836
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Quote:
Originally Posted by Koolau
Several years ago, the bank where the family bidness had banked for 50 years (with several bank name changes in between) suddenly decided they would charge $3 to open the bank bags that we deposited after hours. I went over and talked to them but they wouldn't budge. The bidness kept an average of $25K in non-interest checking with this bank. I closed the acct. and moved it to a bank without the fee. 6 months later, the old bank called to ask why we had closed the account "after all these years". It was a very enjoyable conversation since there was nothing the old bank could do about losing a small fortune in "free" money because of their $3 fee that couldn't be waived for a good customer. Sweet!!
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Good for you and I bet the conversation brought a smile to your face and a bit of sputtering to the old bank rep.
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06-30-2012, 01:23 AM
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#48
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Full time employment: Posting here.
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 917
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We have been setting up banking arrangements in the US recently to handle our Arizona property. I would have to say Banking is much easier in Canada. Although we don't pay fees anywhere(other than wire payment fees to transfer funds to our US accounts) Cross border banking, although touted by a couple of CDN banks, does not exist.
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