Dave, Not to go paranoid on you, but banks and credit card companies are not your friend. They are much more chummy with other credit card companies and other banks.
I tried to have my credit card company stop paying for an AOL account that we had lost paperwork on. After numerous calls and $100 in charges, I canceled the card altogether. No, they wouldn't stop AOL's automatic withdrawal from my card. So who are they working for, the merchants or you? The twits at the bank can 'help' you in many ways. "Well you have two accounts, so rather than have you pay for an overdraft, we just transfered the money from one account to the other." I arranged to send a wire transfer from the USA to France last year for about 300 Euros. I carefully filled out the paperwork. The girl at the branch bank decided that I meant US$300, not the 300 Euros I indicated, so the transfer was wrong and the seller said so. I went back to the branch, saw the paperwork where she crossed out Euros and inserted $. After much discussion, I requested a second transfer for US$53.46 from my checking account. A couple of days later, the Frenchman sent me a cryptic message about if I had check my account lately. I checked, and they had transfered him US$5,346 from my account. (Maybe like the wire room in New York wasn't used to dealing with such small amounts.) I struggled for 10 days or two weeks waiting to get my money back after insisting it was their problem, not mine. I had the original paperwork to confirm $53.46! Regards, Bob S. On 12/2/06, David Savage <[EMAIL PROTECTED]> wrote: > Why set up an account with a completely different bank? Do you think > the funds could be sucked out of your primary accounts? > > I'd recommend setting up a separate account with low fees/minimum > balance amount as a temporary location & transfer fund's in and out > as, come in or need to go out. > > To make, or request, a payment, you log in to your Pay Pal account and > send the person an email through the payment (or funds request) > section and the amount you wish to send, or receive. > > Personally I'd prefer to do without Paypal, and use direct bank > transfers, but people are more paranoid about them than they are about > PayPal, and the banks sting you with international transaction fees, > about AU$20 each, local.direct deposits are free though. > > Dave > > On 12/2/06, David J Brooks <[EMAIL PROTECTED]> wrote: > > Good idea. We have a new bank in town now, so i could open an account > > with them. > > > > I assume you are given somesort of account number or id from paypal, > > so people can make a payment. > > > > Is that correct. > > > > Dave > > > > Quoting Amita Guha <[EMAIL PROTECTED]>: > > > > > On 12/1/06, Michael Chan <[EMAIL PROTECTED]> wrote: > > >> For the (realistically) cautious, I offer this advice: > > >> > > >> Set up a secondary (or tertiary/quadrant) account to your principle > > >> account for online transactions for vendors such as PayPal that > > >> really push a checking authorization. Limit the funds available to > > >> what you are trying to move, with a little wiggle. > > > > > > That's exactly what we did - we opened an account with a different > > > bank from the bank where we keep our "real" money. We started the > > > account with a small amount of money and linked it to Paypal. It's > > > worked out fine so far. > > > > > > Amita > > -- > PDML Pentax-Discuss Mail List > [email protected] > http://pdml.net/mailman/listinfo/pdml_pdml.net > -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
