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Old 06-23-2012, 04:52 PM   #41
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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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Old 06-23-2012, 07:15 PM   #42
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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.
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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Old 06-24-2012, 07:04 AM   #43
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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.
I look forward to getting the extra bonus when I reach that magic moment in a few years.
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Old 06-24-2012, 10:58 AM   #44
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I look forward to getting the extra bonus when I reach that magic moment in a few years.
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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Old 06-24-2012, 04:41 PM   #45
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I look forward to getting the extra bonus when I reach that magic moment in a few years.

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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Old 06-29-2012, 09:04 PM   #46
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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.
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.
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Old 06-29-2012, 11:51 PM   #47
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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!!

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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Old 06-30-2012, 02:23 AM   #48
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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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