RE: bloomberg on supermicro: sky is falling

["David Edelman" <dedelman () iname com>]

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I agree that bank fees for transfers between accounts is unusual. There may be a limit on the number of transfers you 
can do each month but typically no fees. 
I agree with the point about using a credit card for gas purchases, since you are currently using a debit card, you are 
going to be paying the credit card off each month and there is no interest charge, this assumes that you have a credit 
card already. If you do have a credit card and it isn't one that has awards, consider switching to one that does have 
awards that are useful to you. Switch all of the stuff that you would normally pay with the ATM card to the credit card 
but remember treat the credit card like an ATM card and pay in full each billing cycle.
I would argue that the liability protections are actually better with an ATM card since there is a requirement for the 
bank to make you whole without even a $50 maximum liability. The user experience may be better with the credit card.

Dave Edelman

- -----Original Message-----
From: NANOG <nanog-bounces () nanog org> On Behalf Of William Herrin
Sent: Friday, October 12, 2018 4:53 PM
To: Naslund, Steve <SNaslund () medline com>
Cc: nanog () nanog org
Subject: Re: bloomberg on supermicro: sky is falling

On Fri, Oct 12, 2018 at 4:39 PM Naslund, Steve <SNaslund () medline com> wrote:
> > Make a second account at your bank.  One account is 'storage' and has 
> > all your money.  You never use the 'storage account' ATM card for 
> > anything outside your bank's ATM machines.
>
> Doubling the service fees from your bank.

Hi Steve,

Your bank charges you service fees?

When I opened an additional checking account so I'd have something to link paypal to, it was free.


> > The second one is where you only keep $50-$100 in it.  When you use 
> > your ATM card it's only this account that's used.  Just before you 
> > make a purchase, move money from your 'storage account' into your 
> > 'active account' and make the purchase.
>
> Don’t really want to be doing transfers with service fees every time I 
> decide to fill up the gas tank.

Your bank charges you a service fee to move money from one account to another at the same bank? Weird. Also, why would 
you buy gas (or anything else) with a debit card? Your legal liability protections with a credit card are better. Under 
the Fair Credit Billing Act, the consumer's maximum liability for a credit card breach is $50 and most banks waive that 
as well.

Regards,
Bill Herrin


- --
William Herrin ................ herrin () dirtside com  bill () herrin us Dirtside Systems ......... Web: 
<http://www.dirtside.com/>
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