Re:Big Banks Lock Horns with Personal-Finance Web Portals
by Spooky23 on Thursday November 05, 2015 @02:07PM
(#10515463)
Good point. I have a "no debit card" policy and don't do automatic payments, with 4 exceptions (mortgage, auto insurance, house insurance, electric/gas company)
The first three are paid from a dedicated account. The electric company pays me to do pay automatically, so I do. :)
Re:Big Banks Lock Horns with Personal-Finance Web Portals
by toomuchtodo on Thursday November 05, 2015 @11:43AM
(#10514336)
* Write checks only when necessary. I usually use USPS money orders instead.
* Always have recurring payments on a credit card, which you pay off monthly.
Bill payments and connected accounts should be minor.
Re:Big Banks Lock Horns with Personal-Finance Web Portals
by JoshTriplett on Thursday November 05, 2015 @11:50AM
(#10514387)
Sure, but those are the kinds of steps you take once you've realized you want to limit how much gets tied to your bank account. Similarly, once you go through the pain once of switching email addresses away from an ISP email address, you might move to a provider-independent address. But in both cases, you might not know that the first time.
Re:Big Banks Lock Horns with Personal-Finance Web Portals
by toomuchtodo on Thursday November 05, 2015 @12:29PM
(#10514684)
Yep, I agree. Its really an education issue more than anything.
Depends on what position you're in, and how you've previously organized your finances. If you still write checks, you have to leave the old account open with enough funds and wait for all of those to clear. If you have things pointing at your bank debit/credit card, you need to change those and wait for any outstanding charges to clear. If you have direct deposit of a paycheck, you'd need to change that. And any services hooked up to your bank account via the usual "tell us the number of pennies we just transferred in and back out of your account" need re-hooking.