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Old 08-10-2013, 01:04 PM   #21
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Join Date: Mar 2011
Location: Dallas
Posts: 457
We have 2 small banks that reimburse atm fees as long as you do 10 debit transactions per month. We also get 2.51% on deposits up to $25k.

First Arkansas Bank & Trust...
Use the atm here in Mexico 2-3 times per month and no problemo. Been very impressed by such a small bank.
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Old 08-11-2013, 12:19 AM   #22
Recycles dryer sheets
 
Join Date: Nov 2011
Posts: 127
Quote:
Originally Posted by CoolChange View Post
This has been a bit of a nagging concern in the back of my mind for some time, especially now that I do almost all banking, investing, etc. online.

What do you consider a fully isolated account? Unless you are only making cash deposits and withdrawals at ATM's, an account would seem to have some ties to other, presumably larger, accounts.
By fully isolated I mean our ATM travel funds are kept in a separate financial institution (USAA in this case). It does not share direct links to outside main funds and there are no other accounts at USAA that would be at risk if the ATM card is compromised. In short, only cash in the account at the time would be at risk. Transfers can not be made without authentication from one of our other institutions through a third account. I never link any card to main investment accounts such as at Schwab or Vanguard. Especially some places overseas you must be careful about ATM card usage and I do not use it except to access local currency. All other items are either cash or go on another isolated Mastercard or VISA. Of course I have lived in Africa and Eastern Europe so I am careful having seen many things happen with cards. USAA has another great feature in that you can set alerts to text you when there is a transaction over a certain dollar amount.
We carry multiple ATM cards from different places so we can afford to turn one off if needed. Also two chip&pin credit cards for everything else.
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Old 08-11-2013, 10:45 AM   #23
Recycles dryer sheets
 
Join Date: Jul 2013
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Originally Posted by Malcolm2 View Post

By fully isolated I mean our ATM travel funds are kept in a separate financial institution (USAA in this case). It does not share direct links to outside main funds and there are no other accounts at USAA that would be at risk if the ATM card is compromised. In short, only cash in the account at the time would be at risk. Transfers can not be made without authentication from one of our other institutions through a third account. I never link any card to main investment accounts such as at Schwab or Vanguard. Especially some places overseas you must be careful about ATM card usage and I do not use it except to access local currency. All other items are either cash or go on another isolated Mastercard or VISA. Of course I have lived in Africa and Eastern Europe so I am careful having seen many things happen with cards. USAA has another great feature in that you can set alerts to text you when there is a transaction over a certain dollar amount.
We carry multiple ATM cards from different places so we can afford to turn one off if needed. Also two chip&pin credit cards for everything else.
Is the travel account funded from a third party account? If so is this done online or with a phone call.
How is the third party account funded?
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