Limiting Debit Card Transactions? *sigh*

Discussion in 'Random Ramblings' started by Camelot Farms, Mar 10, 2011.

  1. Camelot Farms

    Camelot Farms Chickenista

    http://money.cnn.com/2011/03/10/pf/debit_cards_limit/index.htm

    This
    article on CNN previews a new plan from banks to recoup their financial losses by limiting our access to our money.
    At least one major bank is considering placing a $50.00 limit on all debit transactions.

    *sigh*, I am so tired of beingpunished for Big Business failures and errors.

    We use our Debit card just like cash. DH has direct deposit and so we seldom have cash on hand. I use our debit card to pay all of our bills and sadly none of them are under $50.00

    Ridiculous.
     
  2. ChooksChick

    ChooksChick BeakHouse's Mad Chicken Scientist

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    Larry, KS
    My Coop
    Quote:They'll make even less off of us if we have to go back to writing checks, and I'm wondering if they really think the public will just cave in and pay a fee to keep using the cards for larger amounts. I won't pay them a measly $3 to use my card for a higher amount. I'll write checks. If they don't like that, I'll find another way.
    They make billions in interest by housing our money and I won't be squeezed for another red penny. I have choice words that I'd put here, but I respect the minor members of our BYC community. Suffice it to say I've an itchy driving finger.
    [​IMG]
     
  3. nivtup

    nivtup Songster

    Apr 24, 2008
    Shelton Washington
    Quote:I for one will not accept this plan.
     
  4. justuschickens59

    justuschickens59 VA Royal Blues

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    I'm sick of being held at the mercy of our corrupt government and big business. I feel helpless. This is just another example of where the little guy gets screwed so the big guys can make even more $$$. *sigh* Maybe we should all go back to paying for things with money orders or cash. I would rather pay the PO for a money order than let the banks make more off me - only to have to be bailed out again in a few years.
     
  5. Katy

    Katy Flock Mistress

    I've never had a debit card so I guess it won't make any difference to me.....my kids all use them tho.
     
  6. A.T. Hagan

    A.T. Hagan Don't Panic

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    Not all banks will do this I'm willing to bet. Someone will see a marketing opportunity there by advertising no limits to attract new accounts. Shop around if your bank does.
     
  7. Imp

    Imp All things share the same breath- Chief Seattle

    Gave up on big banks years ago. Went to a local credit union. So much better.

    Imp
     
  8. speckledhen

    speckledhen Intentional Solitude

    Quote:Me, either. In fact, they made my card a straight ATM card, period. We insisted on it.
     
  9. classicsredone

    classicsredone Songster

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    Crunchy California
    Quote:Amen to that!
     
  10. Orchid

    Orchid Songster

    May 10, 2010
    North Central MN
    Quote:Me too and I agree!
     

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